Could it be a quiet day from capitol hill? The announcement has always been the same but it causes the market to react slightly different each time. Yesterday Boehner brought the market straight down with his fun pictures and graphs. Look for a bounce back today if SPY can hold 143.
|Morning Coffee - Day-Trading Watch-List|
|1||$ADBE- Reported better than expected earnings and is trading up to mid 37's in the pre-market.|
|2||$PAY- Another earnings play but this one to the downside. Verifone reported an 86% drop in earnings leaving buyers in the dust. The stock is now trading at 30.80 down around 7%.
AAPL- Did he say the "A" word? I sure did! AAPL has been sliding as of late and there are a few spots in the 500's that it definitely needs to hold if it wants to start trending back up. Look at the $516 spot and see how the tape reacts. It may not be ready to to test the $503 just yet.
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Brian (@WallStreetNole) specializes in short-term equities trading, and acts as a personal trading coach and consultant for many traders. He is the creator of SAER trading principles and his day-trading strategies provide traders with profitable opportunities in the stock market. Brian and his wife currently reside in Greenville, SC with their dog Bella. More >>
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