THURS. AUG. 14 THOUGHTS

How fast things change. Oil had it biggest one day gain in a few weeks yesterday as prognosticated in this space. Along with it went many of the oil stocks and cousin issues like fertilizers. Financials were smacked again in the early-going. However, an interesting feature occurred in the afternoon. The financials got up off the floor and began to lift. For day traders, all this does is emphasize a point made in this blog countless times- do not let a mindset be set in stone if you are day trading. Just because oil is way up does not mean that there is a 100% chance of the equities market falling. Act with the momentum rather than overthinking. If oil is up 3 dollars yet you look up and see LEH approaching unchanged after being down all day, it does not mean that LEH can’t go up 70 cents in five minutes (which it did). Always remember to act on facts rather than a perception of what you feel the facts should be.

Overnight, markets across the world are quiet in all sectors following yesterday’s declines in the U.S. and the higher oil prices. There seems to be a small bid to the market this morning so look for a quiet day with a bias to the upside barring unforeseen events.

Reiterating-New code for the next few days if the whole story is not there due to an expansive number of ideas-
If something is good, assume either a short thru unchanged or an A-B-A2 based on direction of the market unless specifiedIf something is bad, assume either a buy thru unchanged or an A-B-A2 based on direction of the market unless specified


Good-

IPI- good earnings; trade of day- IPI not really trading a good deal higher in pre-open; it is a short thru unch for a point or more.

CTRP- good earnings

IOC- great earnings

NTES- good earnings

WMT- mixed; good on quarter, but guidance does not appear to be great.

PDO- very strong yesterday; if it opens lower and approaches unchanged particularly if oil is up, good be a great buy thru unch

LNG- has been very strong last couple of days; with strong oil, probably a buy thru 4.60

EL- great earnings

Bad-

NTAP- bad earnings

FOE- very weak yesterday

TWB- atrocious earnings yesterday; if it opens above 7.90 and approaches that level (yesterday’s low), likely a short thru 7.90

GSOL- bad earnings

THURS AUG 14 BEF

ABV 1.09/? 1.09/? 3.47/12.22B 4.09/12.66B

BGG .23/634M -.22/385M .62/2.20B 1.08/2.29B

BR .70/788M .24/471M 1.40/2.20B 1.53/2.29B

CCJ .40/? .45/? 1.54/2.12B 1.93/2.09B

CPA .56/299M .60/342M 2.80/1.28B 3.36/1.46B

EL .56/1.93B .24/1.86B 2.36/7.82B 2.66/8.39B

FLO .27/524M .28/521M 1.21/2.26B 1.36/2.45B

GSOL .20/62M .16/41M .79/215M 1.04/259M

SJM .77/647M .97/788M 3.44/3.86B 3.64/4.86B

URBN .29/442M .33/469M 1.26/1.87B 1.54/2.21B

WMT .84/101.74B .76/99.70B 3.49/412.07B 3.86/442.48B

THURS AUG 14 AFT

A .54/1.47B .64/1.56B 2.12/5.88B 2.45/6.31B

ADSK .52/606M .55/622M 2.24/2.50B 2.63/2.81B

DV .38/272M .51/288M 1.80/1.09B 2.26/1.24B

HAR .77/1.05B .56/1.04B 2.44/4.09B 2.95/4.46B

JWN .64/2.33B .56/1.96B 2.68/8.76B 2.93/9.12B

KSS .73/3.76B .57/3.97B 3.07/17.05B 3.46/18.16B

RRGB .49/211M .50/220M 2.09/905M 2.41/1.04B

SID .93/2.33B .92/2.76B 3.20/9.83B 4.37/13.24B

Not a lot doing so be a little more cautious than normal. Good luck today.

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