Here’s tomorrow’s swing-trading watch-list: Long Bed Bath & Beyond (BBBY)
February has been an awesome month for my swing-trading and I’m looking to close out the last two day’s of the month on a positive note. Here’s a look at the stocks that I’ve closed out so far this month – and if you like what you see, then be sure to sign up for
Pre-market update (updated 8am eastern): European markets are trading in a mixed/flat manner. Asian markets traded 0.3% lower. US futures are slightly lower. Economic reports due out (all times are eastern): Jobless Claims (8:30am), Wholesale Trade (10am), EIA Natural Gas Report (10:30am) Technical Outlook (SPX): We finished higher for a fifth straight day yesterday .
Wall Street Nole’s Morning Stocks to Watch for Day-Trading   Â
Pre-market update (updated 9am eastern): European markets are trading mixed. Asian markets traded -0.6% lower. US futures are trading slightly lower ahead of the opening bell. Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45am), Rebook (8:55am), Treasury Budget (2pm) Technical Outlook (SPX): SPX rose on Friday for the seventh consecutive
The market has done an admirable job of recovering off of its morning lows. The S&P tested the Fibonacci 38.2% retracement level and held it so far. I’ve jumped into one additional long position this morning – Adobe Systems (ADBE) at $34.40 and a stop-loss at $33.78. LONG: Adobe Systems (ADBE)
I’ve Made one new trade so far today, not including my stop-out in Ford (F) at $15.14. I went long Adobe (ADBE) at $34.40. So far so good, if the market can keep from dropping lower today, the stock should continue to progress nicely, particularly if the volume levels we are seeing so far
 Breakaway Gap Here we see a nice consolidation and finally the buying becomes strong enough to gap the price up. From there we see a nice run. This gap takes a non-trending stock and moves it to a trending stock. As a confirmation of the breakaway gap we want a nice spike in volume.
LONG: Boston Scientific (BSX) Â
Added another short position to the portfolio with Adobe Systems (ADBE). I was missing some tech (and still looking to add a good setup within the Financial sector), so I thought that this would be a good start. I also closed out my position in QQQQ at 45.11 at the open this morning –