Yesterday was a fairly uneventful day as the markets were choppy and undecided with the direction they want to go. Alt energy was clearly the play of the day with $PLUG $FCEL $BLDP, $UQM all putting in an impressive performance. It looks as though that could continue today, if you decide to play in that realm be careful since they have already run quite a bit.
We could be basing out before resuming our move up in the markets. The strength is hard to ignore, however, I would still like to see a healthy pullback. I have no desire to chase anything and continue to sit on the sidelines waiting for my ideal setups taking quick scalps here and there.
Morning movers and other stocks that caught my eye
$JCP upgrade, $CPST surging decent daily, $SCON pr 3 day pullback nice daily wait for intraday setup, $LJPC going to be a big gapper off pr thin one,$HOTR pr, $IPCI continuation?, $GTAT pr already up quite a bit but active premarket, $NWBO continuation, $ZBB continuation?, $DSS nice daily pr last night, $PPHM pr decent flag on the daily, $RNN pr active premarket, $NVAX seeking alpha 50 day bounce, $ROYL earnings pop and flopper do not chase it, $RCON pr nice daily, $SNMX hot daily pr , $CDTI pr careful don't chase it ,
Seeking Alpha
Today's Markets:
In Asia, Japan +0.7% to 15224. Hong Kong flat at 22270. China +0.1% to 2001. India -0.5% to 21826.
In Europe, at midday, London -0.3%. Paris -0.3%. Frankfurt +0.2%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude +0.4% to $101.49. Gold +0.5% to $1348.50.
Ten-year Treasury Yield +1 bps to 2.79%.
In Asia, Japan +0.7% to 15224. Hong Kong flat at 22270. China +0.1% to 2001. India -0.5% to 21826.
In Europe, at midday, London -0.3%. Paris -0.3%. Frankfurt +0.2%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude +0.4% to $101.49. Gold +0.5% to $1348.50.
Ten-year Treasury Yield +1 bps to 2.79%.
Today's economic calendar:
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Wholesale Trade
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $32B, 3-Year Note Auction
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Wholesale Trade
10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $32B, 3-Year Note Auction
Good luck Trading Today!!
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