Good morning folks,
Not sure why but yesterday I was off my game and for some reason I chose to sit and watch the market all day instead of getting involved. I think I had a predetermined outcome of what was going to occur yesterday and that kept me on the sidelines. In retrospect I missed some great opportunities in a couple of that were right off of my video watch-list this weekend. TUBE STML CEMP were all great movers for the day. December isn't typically a volatile month for the markets but we had some decent volatility yesterday as the markets took a hit in the morning only to have a nice reversal throughout the day. The mindset I was in kept me on the sidelines and I regret that I did not participate. I will never be able to get them all but I can't lie and say that it doesn't get me a wee bit pissed off when I miss some lay ups. Lol
However, I can not beat myself up looking backwards. I need to look forward and make the most of the opportunities that lay ahead of me. We had a nice bounce day in oil and oil related names yesterday along with some strength in gold. Lets see if we get any follow through today. I am still a bit cautious on the markets and I will be trimming the size of my positions if I get involved.
Stocks on the radar
VGGL daily looks decent had a bit of a bounce yesterday see if it follows through today possible 4 dolla roll, CYRN thin one gapper off of pr be careful don't chase it, JRJC continues to grind higher possible 9 dollar roll, SNSS popping premarket off of pr and upgrade careful can pop and flop, RMTI 9 dolla roll don't see any news worth watching, LIVE fluff piece pr active premarket another one to avoid chasing, CYBR nice daily char active premarket, MITK more of a grinder some pr this morning, NVAX active off of seeking alpha article nice daily
USO TZA TVIX JNUG JDST IWM on radar for sentiment
CNBC in the news
| IN THE NEWS TODAY |
 | |
|
| The government again cut its prediction for gas prices in 2015. The Energy Department sees an average of $2.60 a gallon, the lowest since 2009 and 23 percent below this year’s projected average. (USA Today) |
| Global demand for oil from OPEC next year will be less than expectedbecause of weaker growth in consumption and the U.S. shale boom, pointing to an increasing supply surplus in 2015. |
| Detroit is expected to emerge from the nation's largest municipal bankruptcy today—transitioning power to elected officials. (Detroit Free Press) |
| Congressional negotiators have resolved policy disputes to reach a deal for a $1.1 trillion spending bill, but a stop-gap extension is still expected to be needed to avoid a government shutdown at midnight Thursday. (Reuters) |
| Fewer Americans are smoking, but they’re eating too much, according to anannual snapshot of the nation's health. Life expectancy in the U.S. is now at an all-time high, at 78.8 years (CNBC) |
| NFL Commissioner Roger Goodell plans to unveil a tougher personal-conduct policy at an owners’ meeting today. The league has been criticized for failing to address properly instances of domestic violence by players. (WSJ) |
|
 | BY THE NUMBERS |
| |
|
| Millionaires are more confident in the economy than they were six months ago, according to the CNBC Millionaire Survey. More than 50 percent of wealthy investors believe the economy will be stronger one year from now. |
| The November Federal Budget statement is the only government economic report out today, with the 2 p.m. ET release is expected to show a deficit of $60.0 billion, compared to a $135.2 billion shortfall a year earlier. |
| Mortgage applications increased last week. Total volume rose 7.3 percentweek-to-week, according to the Mortgage Bankers Association, the same amount it fell two weeks before. |
|
| STOCKS TO WATCH |
| |
|
| Costco (COST) got a jump on the day’s earnings reports with an early-morning release. The warehouse retailer topped estimates on earnings, withrevenue essentially in-line and an increase of 7 percent in same-store sales excluding fuel. |
| Yum Brands (YUM) cut its profit forecast for a second time, as sales in the key China market stage a slower than expected recovery. The parent of KFC, Pizza Hut, and Taco bell now sees full-year profit up in the mid-single digits, compared to analyst estimates of a 9 percent increase. |
| Krispy Kreme (KKD) fell short of estimates on earnings and revenue. Those shortfalls came during limited-time offers and promotions, which helped increase the doughnut chain’s customer traffic. |
|
| WATERCOOLER |
| |
|
Carl's Jr., known for indulgent offerings, is set to become the first major fast-food chain to sell a "natural" burger. (USA Today)
|
|
Seeking Alpha
Today's Markets:
In Asia, Japan -2.3% to 17413. Hong Kong +0.2% to 23525. China +3% to 2941. India +0.1% to 27831.
In Europe, at midday, London +0.2%. Paris +0.4%. Frankfurt +0.8%.
Futures at 6:20: Dow flat. S&P flat. Nasdaq flat. Crude -1.7% to $62.73. Gold -0.4% to $1227.10.
Ten-year Treasury Yield flat at 2.21%
Best of Success!!
No comments:
Post a Comment