"Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes." John Bogle
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Good morning
Equities are gapping up this morning primarily off the fact that there is no news to report on Syria. No bombs were delivered and there was a tweet from Trump suggesting there could or could not be action coming soon. On the tariff front China continues to make more threats of retaliation while indicating they have not conducted any negotiations recently with the US > commerce ministry spokesman Gao Feng stated "We can't talk under the unilateral threat from the US."
Both of these issues can escalate quickly so be prepared for the potential negative headline impact. We have been in a choppy market and I think that is likely to continue for awhile until we get into the heart of earnings season.
Today's Economic Calendar
Chain Store Sales
8:30 Initial Jobless Claims
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
1:00 PM Results of $12B, 30-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Stocks on the radar
1. PIXY potential red to green day trade opp earnings are on Friday
2. ALRN news after the close potential day trade opp gapper look for a pull to 6.80 or so for potential bounce
3. RADA can be a pop and flopper looking for red to green move
4. IQ recent IPO looking for new highs potential day trade opp
5. HMNY potential day trade opp flirting witha 3 roll do not chase
6. QNST gave guidance after hit piece by short yesterday could be a day trade opp gapping do not chase
7. BLCM FDA lifted clinical hold PT targets from two firms over 20's potential day trade gapping look for intra day setup
8. RETA small float potential area of support on the daily for a bounce news after the close gapper look for intra day setup
9. NTWK pr potential day trade with volume or higher risk lotto type swing play size appropriate
10. CYRN super thin potential higher risk swing leading into details about contract announced gapper do not chase
11. AAXN pr potential swing or day trade testing all time highs
12. AMRN pr potential day trade opp
13. MDR more of a swing or long term hold play of PR and guidance
14. TWTR upgrade this more of a swing play
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