Yesterday was a bit choppy and follow through was difficult to come by. I think that is something we should expect since the market is bouncing up against new highs and valuations in my opinion are already a bit stretched. This is a scalpers market and you have to be quick. I took trades in ISR, ROX, SGOC.ABTL all for nice little hits and my two losers for the day were BLDP out flat and LIVE lost five cents.
I am still not that active in the swing arena. I feel as though we are just biding our time before we get a fairly significant pull back. SIRI one of the stocks I did take a swing in had a nice little pop yesterday. If It tags 3.48 3.50 I will probably scale out a few.
Stocks on the move and others that caught my eye
ELOS nice daily had some pr this morning, $RNN daily is hot possible continuation, UQM looking for the 3 dolla holla, MGN nice daily tried to get jiggy yesterday thin one, GFIG testing its moving averages, RGDX pr decent daily thin one, PLUG had some pr do not chase it, CYTR pr and I like the daily lots of resitance over head though, PSTI pr looks like it wants over 4 dolla holla, CBLI penny stock gettin some attention lately, IMRS pr wouldn't chase it, MNGA pr possible 20 day bounce, AMRS continuation ?, CGA really like the daily, CALL nice daily, ASTC hot daily thin , SAND continuation?
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Top Ideas
Bally Technologies (BYI) - new article by Shaun Currie, CFA »
Dynasil (DYSL) - new article by Dr. Hugh Akston »
Global Sources (GSOL) +13.1% since Mar. 14 Saj Karsan article »
Lexmark International (LXK) +40.5% since Sep. 13 Ariana Research article »
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Today's Markets:
In Asia, Japan +0.8% to 15072. Hong Kong +0.2% to 22565. China -0.7% to 2044. India -0.2% to 22509.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -0.4% to $99.21. Gold +0.6% to $1287.80.
Ten-year Treasury Yield -1 bps to 2.8%.
Bally Technologies (BYI) - new article by Shaun Currie, CFA »
Dynasil (DYSL) - new article by Dr. Hugh Akston »
Global Sources (GSOL) +13.1% since Mar. 14 Saj Karsan article »
Lexmark International (LXK) +40.5% since Sep. 13 Ariana Research 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 +0.8% to 15072. Hong Kong +0.2% to 22565. China -0.7% to 2044. India -0.2% to 22509.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -0.4% to $99.21. Gold +0.6% to $1287.80.
Ten-year Treasury Yield -1 bps to 2.8%.
Today's economic calendar:
7:30 Challenger Job-Cut Report
8:30 Gallup US Payroll to Population
8:30 Initial Jobless Claims
8:30 Trade Balance
9:45 PMI Services Index
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Non-Manufacturing Index
10:30 EIA Natural Gas Inventory
11:00 Global Composite PMI
11:00 Global Services PMI
4:30 PM Money Supply
7:30 Challenger Job-Cut Report
8:30 Gallup US Payroll to Population
8:30 Initial Jobless Claims
8:30 Trade Balance
9:45 PMI Services Index
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Non-Manufacturing Index
10:30 EIA Natural Gas Inventory
11:00 Global Composite PMI
11:00 Global Services PMI
4:30 PM Money Supply
Best of Success!
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