Good morning Folks,
So IBM earnings were terrible and AAPL earnings crushed. We have more big earnings ahead but for now it appears people are focusing on the good news. China numbers came out last night and they were better than expected even though they were still the weakest numbers in more than 5 years . Ebola fears appear to be waning as the headlines fade away and as much as I was hoping we would get a test of the lows. Cramer may actually be right and we may have that invest-able bottom. I want to see how earnings play out this week before I get aggressive.
Trading is not about being right or wrong on the macro economy, or the direction of the market tomorrow. Its about being able to adapt to what is happening today and playing what is in front of you. I am still relatively cautious recognizing that one headline can change that direction in the blink of an eye. Gap up days are the most challenging days for me to trade and knowing that will make me extremely selective with my trades.
Good morning
Stocks on my radar this morning
SGYP pr this morning 3 dolla holla , SUNE continuation, AFFX looking to test 8 ?,
FOLD like the daily, GLDD pr nice flag on the daily overall downward trend may make a run for 7, NEON pr gapper would not chase it but worth watching for a setup, LOCO hanging tough in the 35 area, BLFS very thin float stock had some pr need some real volume to play it, SCOK possible red to green, LIVE pr decent daily don't chase it serial pop and flopper, PSTI pr round number roll 3 dolla holla, OTIV and USAT pr both are pop and floppers so be careful
VIMC BIOF AKS DGLY CECO all had some base building action yesterday
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Orocobre Ltd. (OTCPK:OROCF) - new article by The Investment Doctor »
Quiksilver Inc. (NYSE:ZQK) - new article by Hadrian Capital Management, LLC »
Entravision Communications (NYSE:EVC) +12.4% since Oct. 6 Lord Baltimore article »
Iridium Communications (NASDAQ:IRDM) +40.6% since Dec. 23 BuyTheDip SellTheRip article »
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Today's Markets:
In Asia, Japan -2% to 14804. Hong Kong +0.1% to 23089. China -0.7% to 2340. India +0.6% to 26576.
In Europe, at midday, London +0.9%. Paris +1.9%. Frankfurt +1.5%.
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.5%. Crude +0.7% to $83.25. Gold +0.4% to $1249.30.
Ten-year Treasury Yield flat at 2.2%
Orocobre Ltd. (OTCPK:OROCF) - new article by The Investment Doctor »
Quiksilver Inc. (NYSE:ZQK) - new article by Hadrian Capital Management, LLC »
Entravision Communications (NYSE:EVC) +12.4% since Oct. 6 Lord Baltimore article »
Iridium Communications (NASDAQ:IRDM) +40.6% since Dec. 23 BuyTheDip SellTheRip article »
SA PRO subscribers get an early look at Top Ideas and access to the SA PRO research library. Learn about SA PRO »
Today's Markets:
In Asia, Japan -2% to 14804. Hong Kong +0.1% to 23089. China -0.7% to 2340. India +0.6% to 26576.
In Europe, at midday, London +0.9%. Paris +1.9%. Frankfurt +1.5%.
Futures at 6:20: Dow +0.4%. S&P +0.4%. Nasdaq +0.5%. Crude +0.7% to $83.25. Gold +0.4% to $1249.30.
Ten-year Treasury Yield flat at 2.2%
Today's economic calendar:
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Existing Home Sales
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Existing Home Sales
Notable earnings before today's open: ABG, AOS, APOL, ARMH, ATI, CP, CSL, EAT, GPK, HOG, ITW, KMB, KO, LMT, LPT, LXK, MAN, MCD,OMC, PNR, RAI, RF, SAH, SBNY, SNV, TRV, UTX, VZ, WAT, XRS
Notable earnings after today's close: ABAX, ACC, ACE, BGS, BRCM, CBST, CLS, CNI, CREE, DFS, DTLK, EFII, ETFC, ETH, EXAC, FBC, FTI,FULT, HA, IBKR, IEX, IRBT, ISRG, MANH, NBR, QDEL, RHI, SIX, SMCI, SONC, UIS, VASC, VMW, WCN, YHOO, ZIXI
Best of Success!
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