Daily Newsletter 2:5:18

Good Morning and Happy New and awesome Monday y’all.

BW

The market took a big hit and a strong pull back, DOW was down 680 points which is about 3% (thats a big one) NASDAQ and SP 500 were down as well avg bout 2%; leaving the market in the RED at the closing bell Friday.

Something to keep in mind, momentum carries over (good or bad) the next day. It means that most likely today will be another down day and having another big earning week with well known names such as, $YELP $TWTR and $GM could lead to more selloff, and low volume.

I, personally will most likely won’t be trading nor taking any position long/short in any stock sitting on my hands and practicing the rule of being patient is best in these conditions. Nonetheless, the market is my passion, and will make use of my time to learn, observe, and see what the market delivers today. Not everyday one has to take a trade, because waiting for the best trade can result a lot better versus a trader who feels has to trade on a daily bases to make profit. I’ve lost so much money in the market, so I had to learn the hard way on exercising my patients when it comes to trading.

Here is iTwitsTrade Watchlist:

News:
$EYES (today provided an update on several key performance metrics, demonstrating the Company’s continued progress in executing its near- and long-term goals)

$CNIT (announced that it has entered into a contract for the sale of 3,000 CNIT cloud-based ad terminals to be installed in office buildings, residential communities and various outdoor locations throughout Taizhou, a central city of Jiangsu Yangtze River urban agglomeration.)

$BIOC (Biocept Receives Additional Patent Issuances in Three Major International Territories for its Target Selector Platform)

$CAPR (FDA granted the company’s request for Regenerative Medicine Advanced Therapy Designation) Can’t find a link to article but its verified on my ThinkorSwim trading platform by TDAmerTrade services.

Chart Patterns:

  • $ITUS lots of hype/vol been at this stock, will be watching it for any support as it bounce of the 50 SMA @3.25
  • $BW Inside an upward channel which indicts a bullish move and possible future breakout. The 50 SMA on daily is the trend line as it holds 5.5 support.
  • $TANH low on vol but possible high reward stock to keep on watch. Support @2.5 and on daily 50/200 SMA is @2.75 which can lead to a squeeze and breakout above 3. Needs Vol first.

Market Briefing By CNBC:

U.S. stock futures fell sharply on Monday morning as Wall Street added to the large losses suffered last week.

Dow Jones industrial average futures fell 153 points after briefly falling more than 300 points, while S&P 500 and Nasdaq 100 futures dropped 9 points and 32.5 points, respectively.

The major U.S. stock indexes capped off their worst weekly performance in two years on Friday following a steep sell-off. The Dow and S&P 500 pulled back 4.1 percent and 3.9 percent, respectively, last week. The Nasdaq lost 3.53 percent.

Today’s PM Gappers:

Today’s Hot Press Releases Scanner:

Friday’s Over Market View by FinViz:

Friday’s Top Gainers and Losers by FinViz:

Please Note:
I do not know how quickly or slowly upside may or may not be realized, therefore please assess the trade situation for yourself.
Equities can be extremely volatile, so if you aren’t able to secure your desired entry and the stock starts moving without you then you can always wait.
Pullbacks/consolidations often present the best risk adjusted opportunities to experience gains because you can get in right above support and cut losses quickly in case the trend fails. Establish a stop loss that is appropriate for you.
As I say, I would always make limited orders and never market orders, Since every traders/investors circumstance is different, make sure you create a personalized approach that works for you and always consult a financial adviser (not me).
*******************************************************************************************************************************
Disclaimer:
Am a mid-class hard working person, with possible winning opinions on the stock market? I tweet, post, and discuss securities, which are nt to be used for personal investment. Thank you for stopping by. Please subscribe, follow, and stay up to date with all my blogs in the future. Below is the link(s) to all my social media:
No Recommendations or Advice Provided – Contact Your Own Investment, Tax or Legal Advisor
http://www.itwitsblog.com, including Ramy Dobia, hereinafter referred to as (“iTwitsTrade”) or (“the service”) provides general information only. It is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. iTwitsTrade is not registered as a securities broker-dealer or as an investment adviser either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority and do not attempt or intend to influence the purchase or sale of any security.
iTwitsTrade is neither licensed nor qualified to provide investment advice. As such, iTwitsTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of information from the Service. No information from iTwitsTrade is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, or fund. iTwitsTrade recommends that persons desiring to trade or invest in securities do so cautiously and in consultation with their qualified financial, legal, and tax advisors.
I cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. Before selling or buying any stock or other investment you should consult with a qualified broker or another financial professional to verify pricing information.
iTwitsTrade reserves the right, for its officers, directors, shareholders, and agents as well as itself, to buy and/or sell securities mentioned on this web site. We are active traders and may — but need not –buy or sell any of these securities at any time and without notice. Our buying and selling of any of these securities may influence their market prices.
Past Performance is not indicative of future results.
Many microcap companies do not file reports with the SEC, making it difficult to get the facts about such a company’s management, products, services, and finances.
Never depend solely on the information contained in an Internet publication. The risk of fraudulent information exists with many Internet sites.
This site contains information concerning iTwitsTrade and its affiliates that may be useful to iTwitstrade’s customers, and readers as well as members of the general public. However, by using this site you are accepting all of the terms of this disclaimer notice, including exclusions and limitations of liability. If you do not agree with anything in this notice, you should not use this website.
While reasonable efforts are made to ensure that the contents of this site are accurate, this site and its contents are provided on an “as is,” “as available” basis, without warranties of any kind, including any warranty that the site will be kept up to date, be true and not misleading, or that the site will always (or ever) be available for use. iTwitsTrade and its affiliates disclaim all warranties, express or implied, with respect to the site and its contents, including, without limitation, any warranties of accuracy, completeness, timeliness, non-infringement, title, merchantability, or fitness for a particular purpose. Because some jurisdictions do not permit the exclusion of certain warranties, these exclusions may not apply to you.
iTwitsTrade does not warrant that the servers that make this site available will be errors, virus-, worm-, or bug-free and you accept that it is your responsibility to make adequate provision for protection against such threats.
In no event will iTwitsTrade or its affiliates be liable for any incidental, indirect, consequential, or special damages of any kind, or any damages whatsoever, including, without limitation, those resulting from loss of profits, contracts, goodwill, data, information, income, anticipated savings, or business relationships, whether or not iTwitsTrade or its affiliates have been advised of the possibility of such damage, arising out of or in connection with the use of this site or its contents or any other sites linked to this site.

All information are gathered and credited to:

CNBC

FinViz

Yahoo
******************************************************************************************************************************

 

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Powered by WordPress.com.

Up ↑

%d bloggers like this: