Wall Street Nole’s Morning Stocks to Watch for Day-Trading

 

“Oh, the best part of waking up…

 

Earnings season is back! 

 

 The near term uptrend was officially broken yesterday for the first time in 2 months. Be very careful as we could see a pull back to the 148 level in the near future. 

 

 

 

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	$IMAX – This stock fell off the boat yesterday in negative earnings anticipation and from overal market decline. After reporting better than expected IMAX is up around 5% in PM. It can be a thin trader but with traders coming in on this today it should have some opportunities intra-day for bounces and trend plays.
2	$PAY – We use to trade this quite a bit and then it fizzled out. Today it is in play because of amended earnings estimates and a “profit warning”. Be careful with this stock because this sucker can fly. It’s currently trading at $20.80 in PM, down nearly 35% rom yesterdays close.
3	$VMW – I believe this stock may be cooked as it is now off the range and in a downtrend. I’ll be short bias for as long as I keep it on my watchlist. Look for intraday setups to stay with the trend.

 

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