Watch List

Watch List

 

Good morning team,

 

MS beat earnings this morning as well and NLFX held on after a pretty big drop.  

Futures are up slightly so we should hold well from here with the good news coming out of China as well.  

 

I’ll be adding larger FAX and AWF positions to my long term CEF today

 

 

Events Calendar for Today

·     7:00 AM EST      MBA Mortgage Applications Data

·     8:30 AM EST      Trade Balance for February…est. (-$53.4B)

·     10:00 AM EST    Wholesale Inventories MoM for February…est. 0.3%

·     10:30 AM EST    Weekly DOE Inventory Data

·     2:00 PM EST       Fed Beige Book Released

 

Earnings Calendar:

·     Earnings Before the Open: ABT, BK, BMI, HOFT, KMI, KSU, MS, PEP, POL, TXT, USB

·     Earnings After the Close: AA, ADTN, BXS, CATY, CCI, CCK, CNS, ETFC, LLNW, LVS, OZK, PFBC, PLXS, RLI, SLG, SLM, SNBR, TBK, TCBI, TMK, UMPQ, URI

 

Other Key Events:

·     12:30 PM EST    Fed’s Harker speaks on the Economic Outlook

·     12:45 PM EST    Fed’s Bullard speaks at conference

·     5:30 PM EST       Fed’s Logan speaks in New York

 

 

Symbol

JNJ 

Exp Date

6/21/2019

Strike

$ 140 CALLS

Signal

Above $ 138.50

 

Symbol

INTC

Exp Date

5/17/2019

Strike

$ 60 CALLS

Signal

Above $ 59.40

 

Symbol

PEP

Exp Date

5/17/2019 

Strike

$ 125 CALLS

Signal

Above $ 125.40

 

For CALLS: Watch for a move ABOVE the previous day’s high.

Other Calls on watch: STE, QCOM, NFLX, MS, AAL, MTCH

 

For PUTS: Watch for a move BELOW the previous day’s low.

Other Puts on watch: IBM, VSTM


                         

Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term trade opportunities.

 

 
Trading Rules [Please Review Before Taking Any Action]:

 

  1. Do not invest more than you are willing to lose. No one likes to consider the worst case, but it’s always a risk that exists. Rule of thumb - if you cannot sleep at night as a consequence of your investment, then you have over invested.
  2. Keep calm. Do not chase. Decide for yourself if you like the trade. If you are not comfortable with the perceived risks, stay out. Timelines are to be decided by you. Approach methodically, and seek technical confirmation for direction. Always trade with a strategy in mind.
  3. Never use market orders. Only use buy and sell limit orders. Protecting your investment is more important than missing gains. Use "trailing stop %" or "trailing stop $" orders. Personally I prefer mental stops while actively managing trades rather than entering your stop into your brokerage account.
  4. Cut losses quickly when day/swing trading. It's better to acknowledge being wrong than to have false hope. Sometimes you will be wrong in doing so, often times it will save you. It all depends on your entry.
  5. Actively manage all your investments & trade during market hours only.Trading during pre/post market hours carries greater volatility/risk.

 

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