Thursday, May 1, 2014

AAAAAAALLLLLLL ABOOOOOAAAAARRDDDDD!!!

FULL STEAM AHEAD??

Good morning folks, 
I think I deserve a big thank you for finding the perfect way to play the market. 

When I go"decidedly"bearish" you go Bullish and when I go"decidedly"Bullish you go Bearish!!! So there you have it! That should solve all the mysteries of the market.

Seriously though the market strength this week is a bit of a surprise and the damage that was done to several of the indexes is slowly being repaired. Things no longer look as dire as they did this weekend. I will be more convinced if we close out the week strong.

Of course now that I appear to be changing my tune the markets will probably do their best to make me look like a fool once again. Even though the market does not know me, nor does it care about what I think it still feels like it enjoys making me eat crow. LOL  Trying to anticipate where the market is going can be fun and it can also be very humbling. What matters is whether or not you have a plan in place for either outcome and your ability to execute that plan.

Yesterday was another great day I played ISR right out of the gate. That set the tone for the remainder of the day. IBB had a nice bounce and it looks like the sector could be a good place to find some beaten up names for some nice snap back plays. Just add a little PR some volume and a market that is heading in the right direction and you get some home runs. 

Morning movers and other stocks that caught my eye
MACK gapper off pr wait for a setup, GTAT pr, BCOV earnings could be a decent bounce play, ADXS pr bottom bounce?, NBIX nice daily 14 dolla holla earnings last night, PACB earnings lots of resistance above possible trendline break, PTN pr , GLUU earnings 4 doller roll, RKUS earnings, RRD earnings beat nice daily, JIVE pr nice daily, YELP active premarket off earnings, IQNT nice daily earnings, LIVE pr big short interest gotta be quick though 

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Today's Markets:
Japan +1.3% to 14485. Hong Kong, China and India closed.
In Europe, at midday, London +0.2%. Paris and Frankfurt closed.
Futures at 6:20: Dow +0.05%. S&P +0.1%. Nasdaq +0.2%. Crude -0.5% to $99.23. Gold -0.9% to $1283.70.
Ten-year Treasury Yield +1 bps to 2.66%.
Notable earnings before today's open: AAWW, ABMD, ACIW, AFSI, AIT, AMT, ANR, ANSS,ARG, AVP, BBW, BDC, BDX, BG, BGCP, BKCC, BLL, BWA, BZH, CAH, CHD, CI, CIE, CLX,CME, CNP, CNSL, COP, CPN, CRCM, CVI, CVRR, DIN, DPZ, ENDP, EPD, EXAS, FCH, FCN,FIG, FIS, FSS, FUR, GG, GNRC, GWR, HAR, HEP, HSNI, HST, I, IART, IDA, IDCC, IIVI, INCY,IQNT, IRDM, IRM, IT, ITC, ITT, IVZ, JAH, K, KMT, LAZ, LINE, LLL, LM, MA, MD, MDC, MFA, MFC,MPC, MPLX, MSI, MTOR, MWW, MYL, NGLS, NILE, NNN, NVO, O, OAK, OCN, OGE, PCG,PCRX, PEG, PMC, PPL, PRLB, PTRY, PWE, PWR, Q, RFP, RGLD, RRD, SBH, SFY, SHOO,SHPG, SMP, SNMX, STRZA, SWC, TEVA, THRM, TMUS, TXT, UAN, UPL, VG, VIAB, VICL, WLT,WWE, XEL, XOM, YRCW
Notable earnings after today's close: ABFS, ABTL, ACGL, ADNC, ADUS, AEM, AFFX, AHS,AIV, AKAM, ALDW, ALJ, AVD, BAGL, BBG, BCOR, BJRI, BKH, BMRN, BYI, CALD, CERS,CHGG, CPSI, CSOD, CTCT, CTRL, CUBE, CVD, DCT, DGI, DRC, DVA, DXCM, EGO, EHTH, ELLI,ENTR, EPAY, EXEL, EXPE, FI, FLR, FLT,

Best Of Success!!
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