We were set for a small gap up this morning but that move higher has already been faded. SPY is now down 1 cent and QQQQ is flat. So much for making it three days in a row fading QQQQ.
Note to self: I've *only* traded 30,800 shares this month. I need 9,200 more today to avoid CyberTrader's $250 fee. (The one thing I don't like about CyberTrader is the way they handle these fees. They should just charge me the difference between how much commission I've done this month and $250. Better yet, drop the fee all together!) Look to scalp SUNW or some other high-volume, low priced stock this afternoon.
On Today's Calendar:
- 10:00 -- Chicago PMI
- 10:00 -- Help-Wanted Index
More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic
Potential swing trades:
See one of the recent 'Chart Reading' posts for some potential swing candidates.
Potential day trades:
(From Briefing.com)
Gapping Down
SCSS -18% (guides lower, citing housing weakness), CNLG -8.5% (momentum stock seeing some profit taking), ZOLT -7.6% (jury decides co must pay damages for breaching a supply agreement), NPSN -5.7% (profit taking after recent run), RNIN -4.6% (momentum stock seeing some profit taking), TIVO -3.8% (reports OctQ; also OpCo downgrades to Sell), ARNA -3.1% (extends yesterday's 5% slide following announcement of a stock offering), RA -2.5% (SLG says it will not raise its bid for RA), EFUT -2.3% (momentum stock seeing some profit taking), NVLS -2.1% (Stifel downgrades to Sell ahead of mid-qtr update on Monday), ADBE -1.8% (initated with a Sell at Amtech, $33 tgt)... Retailers gapping down on disappointing Nov same store sales: BEBE -7.7%, DDS -5.7%, ANF -3.4%, GYMB -2.5%, GPS -2.9% (also Lazard downgrade), JCP -1.7%
Gapping Up
DRRX +41% (positive phase 1 Results for opioid pain medicine), DGIN +16% (to be acquired by INTU), HEPH +13% (positive clinical data for rheumatoid arthritis drug), DSW +11% (reports OctQ), SNPS +11% (reports OctQ, guides higher), HOTT +8.1% (reports Nov revs, guides higher), MEDX +6.7% (Morgan Stanley upgrade), ECMV +5.3%, VIP +4.1% (reports Q3), IDEV +4%, LTXX +3.6% (Merriman upgrade), ORCT +3.6%, CORI +3.5% (seen as a sympathy play on DGIN), BEAS +2.8%, RMBS +2.6% (technology adopted in Playstation 3), DVAX +1.4% (two firms raises price targets), PFE +1.4% (guides higher, says pipeline is robust), BSX +1%.
Disclaimer & How I use this list
Mike,
Is there an easy way to see how many shares you've traded for the month on cyber or are you tracking it manually.
Thanks,
DT
As far as I know there's not a place within CyberTrader to see your total for the month. I just sum up my trading journal for the month to see where I stand.
And actually, I need to trade less than I thought today. They allow you to take the average of the last 2 or last 3 months. So when I do that I'm only about 2000 shares short.
Oh yeah, you can also call them and they'll tell you how many shares you need to reach your quota
I also found out that you can log on to cybertrader.com and click on home. Your shares traded for the month are on the upper left. They told me it resets the 1st of each month for everyone. Thanks,
DT
that's good to know. Now I may have a reason to actually visit their site
Hi Mike
you wont be charged cybertrader fees if you have traded over 40,000 each month in last quarter and this month you trade less than 40,000--you can ask em or check their website for the quota requirements
Gary,
That's not necessarily true. You need to have this month, the average of this and the previous month, or the average of this and the previous 2 months shares greater than or equal to 40,000. So if you did 40,000 in September, 40,000 in October and 20,000 in November you'll be charged.