Good morning
equities stalled yesterday with many indexes and sectors flirting with their 200 day moving averages. We may consolidate in this area before getting a clear sign of which direction the markets head next but I am in the camp that there is more risk of heading south and a potential retest of the recent lows. A negative tone on the progress of the China trade deal put pressure on equities yesterday and if there are any signs that a deal is not going to happen and that tariffs are going up the markets could be looking at a swift pullback. We had news out this morning that the US is going to ban the use of Chinese telecom equipment from U.S, wireless networks. That could be something that impacts negotiations. Only time will tell how this all plays out. My focus is on being cautious and selective with my trades.
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$IO Potential red to green follow through trade after strong earnings .. could be a swing or day trade opp beautiful breakout on the daily ideal entry area for a swing would be in the 10-10.50 area looking for a 14 test
$CLD
Cloud Peak Energy 13G Shows Goldman Sachs Raised Stake In Co. From ~184K Shares To ~6.3M Shares penny stock likely going to do a reverse split but I found the Goldman Sachs position interesting could be a bottom base .30-.35 entry could be worth a lotto play
$MLNT potential red to green looking for a 2 test and roll small float day trade only its a biotech
$CCCL flirting with a 2 test China name super tiny float do not chase could be a high risk swing or day trade with volume on a break over 2 tends to pop and flop
$RMTI flirting with a trend line break after riding the 50 day could get follow through .. potential red to green 3. 3.25 area for potential entry and looking for a 4 test
$STON Small float lots of debt but positive cash flow could be a swing or longer term hold turnaround play flagging on the daily 2.50 3 range for entry on a swing could be ideal
$ATEN
A10 Networks Q4 Adj. EPS $0.05 Beats $0.01 Estimate, Sales $61.8M Beat $61.06M Estimate flirting with a 7 roll breaking a longer term trend line probably more of a swing play 6.50 -6.80 could be entry zone looking for a test up to 8.50 range first target second target in the 10 area
$EGAN
eGain Corporation Raises FY19 SaaS Sales Growth From 25%-30% To 30%-35%, Raises Subscription Revenue Growth From 10%-15% To 13%-16%
EGain Q2 EPS $0.09 Up From $0.02 YoY, Sales $17.7M Beat $16.28M Estimate gapping in premarket tiny floater potential higher risk swing or day trade with an intra day set up
$COTY gapping off earnings new CEO and management team CEO has bought shares in this price area potential swing or long term hold turnaround play thick stock 7 or lower ideal entry area
$FLDM
Fluidigm Sees Q1 Sales $28M-$31M vs $27.7M Estimate
FLDM
Fluidigm Q4 EPS $(0.06) Beats $(0.35) Estimate, Sales $32.325M Beat $30.55M Estimate good looking daily gapping in premarket right into long term price resistance 10.50 would b e a big spot to get through small float large short interest could get squeezed don't chase
$CLF
Cleveland-Cliffs Q4 Adj. EBITDA $188M vs $134M In Same Qtr. Last Year
Cleveland-Cliffs Q4 EPS $2.03, Sales $696M Up From $512M YoY nice beat good looking daily thick stock more of a swing or longer term hold play
