Good morning Folks
I had some technical difficulties yesterday morning which really threw me off my game and I missed some really fantastic setups.
However, I was able to squeak out a green day taking small scalps here and there and I had a decent trade in $ZGNX . It should have been a far better day but these things are going to happen from time to time. Today should be a much more productive day.
Morning movers and other stocks that caught my eye
$IMRS continuation?, $APPY nice daily, $ACST pr 20 ma bounce, $ASTC nice daily, $ACHN continuation into the gap fill?, $PGRX continuation, $BIOS love the daily, $SGMO pr 20 ma bounce hot daily, $DXM ready for a moving average bounce?, $SQNM pr last night tricky trader so be careful, $ICAD nice daily, $CIMT pr 10 dolla holla?, $XOMA nice daily, $CRDC thin one pr dolla holla ? , $ATHX pr getting extended on the daily, $SVA flat top breakout kinda look, $CDTI active premarket, $ACLS hot daily and pr
Biotech still a smoking hot sector
Seeking Alpha
Today's Markets:
In Asia, Japan -1.5% to 15880. Hong Kong -0.9% to 22787. China -0.8%to 2028. India -0.1% to 20713.
In Europe, at midday, London +0.3%. Paris +0.2%. Frankfurt +0.4%.
Futures at 6:20: Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +0.4%to $92.71. Gold +0.05% to $1226.10.
Ten-year Treasury Yield flat at 2.99%.
In Asia, Japan -1.5% to 15880. Hong Kong -0.9% to 22787. China -0.8%to 2028. India -0.1% to 20713.
In Europe, at midday, London +0.3%. Paris +0.2%. Frankfurt +0.4%.
Futures at 6:20: Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +0.4%to $92.71. Gold +0.05% to $1226.10.
Ten-year Treasury Yield flat at 2.99%.
Today's economic calendar:
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Chain Store Sales
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
As many of you know, I have teamed up with Noanet Trader (@NoanetTrader) in his chat room. Noanet is a great trader, genuine person and now a close friend that shares the same goal as I do: trying to help people become better traders.
Our chat room is unique in our approach: The room isn't just about throwing out stocks for people to follow on and trade. Noanet and I encourage just the opposite.
Its NOT about "giving people a fish so they can eat for a day, but about teaching people to fish so they can eat for a lifetime."
We want our members to find their own trades, and we try to provide them with the tools and knowledge to do just that. Noanet has tremendous discipline and focus on minimizing loss and maximizing gains, he shares his strategy real time on both, daytrade and swing positions.
The trading strategies that Noa outlines on his blog and in the chatroom, attention to detail, along with his genuine concern for his members is refreshing and its an honor for me to be part of it.
Here is Noanet's blog post including what some of our members are saying they learned from us
We want our members to find their own trades, and we try to provide them with the tools and knowledge to do just that. Noanet has tremendous discipline and focus on minimizing loss and maximizing gains, he shares his strategy real time on both, daytrade and swing positions.
The trading strategies that Noa outlines on his blog and in the chatroom, attention to detail, along with his genuine concern for his members is refreshing and its an honor for me to be part of it.
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