This Is My Favorite Trade
This Is My Favorite Trade
Every morning before the open, I scan the
news to see what’s likely to be moving for the day. I compile these into the
column “TradingMarkets’ 10 Stocks You Need To Know About Today” column,
which is posted about 45 minutes before the open. Sometimes you’ll find these
stocks gapping one way or the other on the open. This was the case today with
Biomira
(
BIOM |
Quote |
Chart |
News |
PowerRating), which released some very positive news about one of its
drugs. Automatically, this stock goes on my watchlist, not to buy on the open,
but to look for a pullback and then a good entry point. My favorite time to
enter these is between 9:45 AM–15 minutes after the open. The market makers and
specialists have had some time to make a little money back off the gap and often
you’ll see the trade move back in the direction of the opening gap. This is
exactly what happened with BIOM on Friday morning. Learn to spot these, and then
pick your entry spot, and hang on. Sometimes you’ll get stopped out with a small
loss–but other days you’ll be riding a stock like this.
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Big Cap Earnings Announcements for the
Week of Dec 6th
Company |
Symbol |
Date |
| Navistar International | NAV | Monday, Dec 6 |
| Photronics | PLAB | Tuesday, Dec 7 |
| The Kroger Co. | KR | Tuesday, Dec 7 |
| Autozone | AZO | Wednesday, Dec 8 |
| Dave & Busters | DAB | Wednesday, Dec 8 |
| Ciena | CIEN | Thursday, Dec 9 |
| Costco | COST | Thursday, Dec 9 |
| Martek Biosciences |
MATK | Thursday, Dec 9 |
| National Semiconductor |
NSM | Thursday, Dec 9 |
| Toll Brothers | TOL | Thursday, Dec 9 |
Scheduled Stock Splits for the Week of
Dec 6th
Company |
Symbol |
Ratio |
Payable |
Ex-Date |
| Cheesecake Factory | CAKE | 3-2 | Dec 8 | Dec 9 |
| Badger Meter | BMI | 2-1 | Dec 10 | Dec 13 |
| Golden West | GDW | 2-1 | Nov 10 | Dec 13 |
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Need more splits information? Click
here.
Upcoming Economic Events for the Week of
Dec 6th
| Date | ET | Release | For | Consensus | Prior |
| Dec 7 | 8:30 am | Productivity (Revised) | Q3 | 1.9% | 1.9% |
| Dec 7 | 3:00 pm | Consumer Credit | Oct | $6.3B | $9.3B |
| Dec 9 | 8:30 am | Export Prices (Ex. Agricultural) | Nov | NA | 1.0% |
| Dec 9 | 8:30 am | Import Prices (Ex. Oil) | Nov | NA | 2.7% |
| Dec 9 | 8:30 am | Initial Jobless Claims | 12/04 | NA | 349K |
| Dec 9 | 10:00 Am | Wholesale Inventories | Oct | 0.6% | 0.5% |
| Dec 10 | 8:30 am | Producer Price Index | Nov | 0.2% | 1.7% |
| Dec 10 | 8:30 am | Core PPI | Nov | 0.2% | 0.3% |
| Dec 10 | 9:45 am | Michigan Sentiment Index | Dec | 95.3 | 92.8 |
| Dec 10 | 2:00 pm | Treasury Budget | Nov | -$53B | -$43B |
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Have a great weekend!
Brice
P.S. Stay in touch with the latest happenings at TradingMarkets.com.
Check
What’s New @ TradingMarkets on a regular basis.
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