If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.
Bill Lipschutz
Good morning
Equities are lower in premarket as trade war fears seem to be the issue that continues to weigh on the markets. Gold and oil are also slightly lower. It has been a choppy market and as long as the clouds of the trade war continue the markets are likely going to be stuck in a range.
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Do not chase!
Always have a plan!
Know your risk reward!
Know your time frame! (scalp, day trade, swing, long term hold)
Be patient!
Today's Economic Calendar
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
10:00 Factory Orders
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Very nice looking daily chart flirting with all time highs small float could be a higher risk swing because of the smaller float on a pull to the 27 area where you also have the 50 day as potential support Earnings already behind them july 18, 2018
1:28:25pm TSC TriState Capital Holdings Q2 EPS $0.48 Beats $0.38 Estimate, Sales $41.292M Beat $40.72M Estimate
STAA Staar Surgical Q2 Adj. EPS $0.09 Beats $(0.01) Estimate, Sales $33.9M Beat $26.74M Estimate
Staar Surgical Shares Up 19.3% After Hours; Company Beat Q2 Earnings Estimates And Raised FY18 Sales Growth Guidance
STAAR Surgical Raises FY18 Sales Growth Guidance From ~20% Year Over Year To Exceeding 25% Trading at all time highs in premarket small float could set up intra day
This mornings interesting spec play for a swing > I will lay out my thoughts on it in the live chat but the daily has an interesting look like the daily setup potential high risk swing play https://seekingalpha.com/news/3377303-applied-dna-reaches-new-milestones-therapeutic-contract-research-contract-manufacturing
All the casinos are getting hit off weak earnings this quarter CZR got hit hard off 3rd qtr guidance I have several casinos in my long term hold account on will be looking to add at potential areas of price support
ESIO Electro Scientific Q1 EPS $0.87 Beats $0.85 Estimate, Sales $110.624M Beat $104.64M Estimat
Electro Scientific Industries Shares Up 17.9% After Hours Following Q2 Earnings Beat, Upbeat Q2 Guidance
Electro Scientific Industries Sees Q2 Adj. EPS $0.52-$0.62 vs $0.51 Est., Sales $80M-$90M vs $80.23M Gapping in premarket small float 20 big area of potential price resistance could be set up for a day trade or be considered for a swing on a pull to support
RUBI The Rubicon Project Q2 Adj. EPS $0.27 Beats $(0.32) Estimate, Sales $28.6M Beat $26.96M Estimate big earnings beat flirting with a 3 roll small float could be a day trade or swing play with intra day setup
On Cramer Mad money last night could get some lift is Sonos has a good IPO has earnings coming up daily has held up really well rumors of Microsoft interest Higher risk could be worth a little lotto play into earnings
Nice looking daily setup can be a pop and flopper SUMR Potential day trade or higher risk swing play do not chase
Summer Infant Q2 EPS $0.04 Beats $0.01 Estimate, Sales $47.7M Beat $43.11M Estimate
BZ Wire
WTI W&T Offshore Q2 EPS $0.29 Beats $0.20 Estimate, Sales $149.612M Beat $147.03M Estimate potential double bottom test gapping testing the 7 area could be more of a swing play or long term hold > will be tied to oil moves
Alnylam Awaits Approval Of Drug To Treat Hereditary ATTR Amyloidosis
Company: Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY)
Alnylam uses Arbutus Biopharma Corp (NASDAQ:ABUS)'s intellectual property in RNAi therapeutic products using LNP technology. Nice daily could be waiting on ALNY approval or rejection
RAIL off this weeks watch list
FreightCar America Q2 EPS $(0.19) Beats $(0.45) Estimate, Sales $66.743M Miss $77.33M Estimate; Raises FY18 Delivery Guidance To 4.25K-4.5K RailarsFreightCar America (NASDAQ:RAIL) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.45) by 57.78 percent. gapping but also ran into this report trades very thin worth keeping an eye on but do not chase it
TSLA is getting a nice pop off earnings gapping higher in premarket could be some volatility in the stock if it cant hold that gap up
