Asia was up, Europe is up and futures point to a green open, at least for now. Hopes continue to be high that euro-zone officials will take action to tackle the sovereign debt crisis. The U.S. economic calendar is busy on Tuesday. The S&P/Case-Shiller home-price index for September will be released at 9 a.m. Eastern time. Shortly after the stock market opens at 10 a.m. Eastern, data on November consumer confidence and September house prices are due.
COOL, USAT, HKN, EK and LOCM are all holding my desired trade ranges so I continue to grind them out. I’d like to close some of these stocks out soon so I can focus on other plays like HDY which hit $3.95 in Monday’s after hours. This morning HDY is trading at $3.45 x $3.55 which was to be expected, but like my QPSA trade, I’m holding because my current entry at $3.06 is just off the bottom and could prove to be a very profitable trade over the next 1-10 days.
You can expect 3-4 more trade alerts this week. Just because I’m in half a dozen stocks doesn’t mean I stop trading, however I would like to thin out a bit as I mentioned above. No news on any of my open positions right now, I’ll keep you updated by Skype, text message and email if anything changes.
Tonight’s webinar is at 9 p.m. in our chat room. Once again I’ll be sharing my screen live will teaching from the mic. Hope to see you there.