“SUCCESSFUL TRADING IS ALWAYS AN EMOTIONAL BATTLE FOR THE SPECULATOR, NOT AN INTELLIGENT BATTLE. HE KNEW THAT HIS BIGGEST ENEMY WAS HIS OWN EMOTIONS ” -JESSE LIVERMORE
Good morning
Equities are getting a smack down off of some political unrest over in Italy. I am not smart enough to understand what is going on and what all the potential ramifications could be but apparently it is concerning enough to impact the markets at the moment. The dollar continues to climb while gold and oil are both slightly lower.
Always have a plan for every trade. Know your risk reward, play size appropriate for the amount of risk you are taking and never chase!
See you in the chat room. Good luck trading today
Stocks on the radar
Recent IPO small floater nice run potential red to green day trade opp or look for it to setup this week
Recent insider buys more of a swing type play sitting on potential long term support considering taking a small starter in this area
MBOT Microbot Medical Announces Successful Completion Of Pre-Clinical Study For Co.'s Self-Cleaning Shunt Performed At Washington University In St. Louis This has had a difficult time taking out the dolla holla tends to pop and flop but I like the way the daily is setting up and testing the 200 day its a small floater could look to raise capital and there has been consistent insider selling but it could be worth a lotto long term hold play to start building a position. The CEO was the founder of MZOR
MOMO Momo Inc. Earlier Reported Q1 EPS $0.69 Beat $0.50 Estimate, Sales $435.129M Beat $396.17M Estimate Momo Inc. Sees Q2 Sales $470M-$485M vs $429.34M Est. gapper could go test all time highs smaller float look for intra day setup
Setting up on the daily could be worth watching this week for a flag break with volume
could be more of a swing even though it is a small floater> consolidated over the 200 day flirting with an 18 roll 16-16.80 could be ideal entry area
TRXC TransEnterix Announces FDA Clearance for Expanded Indications for Senhance Surgical System, Receives FDA 510(k) Clearance For Laparoscopic Inguinal Hernia And Laparoscopic Cholecystectomy Procedures gapper flirting with 4 roll 16 percent short interest could set up intra day do not chase
Hot looking daily gapping off pr TTOO T2 Biosystems Receives FDA Clearance to Market T2Bacteria Panel small floater looks like they need cash day trade only DO NOT CHASE look for intra day setup
TUSK Mammoth Energy Subsidiary Cobra Signs New $900M Contract to Finish the Restoration of Critical Electrical Services and Support the Initial Phase of Reconstruction of the Electrical Utility System in Puerto Rico stock not reacting to the news but this is HUGE in my opinion hope it pulls back so I can add to my position would lover to get it below 30
TXMD REMINDER: TherapeuticsMD Has FDA PDUFA Date Today for TX-004HR could get some action if they get approval nice looking daily do not chase
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Today's Economic Calendar
00:40 Fed's Bullard: U.S. Monetary and Economic Policy
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:30 Dallas Fed Manufacturing Survey
