Wall Street Nole’s Morning Stocks to Watch for Day-Trading
“Oh, the best part of waking up…”
Happy New Year form the SharePlanner trading community. I hope it’s prosperous and successful for all.
With the fiscal cliff behind us the market boomed last week despite little intra day movement. This week should show us how strong and valid the gains are. 1460 is a huge level on the S&P’s and on Friday we held it well. This morning we should gap below that so I’ll need to see confirmation that it can get back above it before being a buyer in this market.
Check out some of today’s highly anticipated stocks to day-trade while you have your morning coffee.
| Morning Coffee – Day-Trading Watch-List | |
| 1 | $CME- It came to life on Friday with a massive bull push. This global financial play was bought up based on interest rate speculation as CME has quite a market on many contractual and settlement services. Keep an eye out today for an extended rally. |
| 2 | $NSM- Is one of the biggest gappers this morning after agreeing to buy 215 Billion in mortgage servicing assets from BOA. PM trading is up 18% as this will most likely be the #1 play across the board for daytraders today. |
| 3 |
$FOSL- The longer term chart on this is intriguing as each previous daily high has been met with a wave of selling. With the last closing price gearing at a 7 month high I’ll be ready for a short if the setup matches the previous patterns. |
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