Fear The Future Radio

SGP – looks like we got the pop but now consolidating. We’re going to put in a tight trailing .10 stop here to lock in gains.

NYT – tested that 18, looks good so far.

Futures mixed this morning, waiting for some data to help drive the markets one way or the other for the day. It’s the last day of the quarter which means decent trends may form today.

Here’s what we’re watching today:

SGP – bad drug news came out and MRK also taking a beating, however we’re watching SGP as this one is down a little more and it’s testing the 14 bottom. Keeping a stop just under 14. If it drops we still might enter if it breaks back above 14 with good volume.

NYT – looks like it might be testing a trend line. Stop just below 17.50.

We’ll keep you posted for anything else we may see.

We’re watching BMTI this morning, had bad reports on their drug late afternoon yesterday, but company said it’s not bad. We’ll see if it bounces. If it runs above 9 it may see 10 again. Tight stop just under 9.

We’re also watching Techs like RIMM, AAPL today. Seems like they may run.

SOLF still on the rise! Consider trailing stop here or take profits at $14.

Great trade!

We didn’t take RCH as it dropped right away.

That’s it for us for today!

Futures a little mixed this morning. S&P is slightly higher with decent econ data, Nasdaq slightly lower with ORCL earnings not the greatest.

On our watch list today…

SOLF – This is one solar that has been beaten down. Was $40 3 months ago, they had a great earnings report, but we’ll see if it can hold these gains this morning. Tight stop around 12.50’s would be the stop point.

RCH – This one is a low float stock, but if it runs it can run big. Because of the low float be very cautious though. We’d use smaller positions, don’t get greedy! Stop around 6.75.

Futures were lower this morning. Telecoms in the news Motorola, CCU, etc all in play.

Today watching indexes and also keeping an eye on solars and tech still seems to say pretty hot like AAPL, RIMM, etc.

On the small cap front, we’re taking a look at ENTU. If it can keep this reverse back up it may get back into the 2.50′2.60 range again. This one of course is geared more towards a swing. Tight stop under 2.10 range.

Futures mixed this morning, but global markets look like they’re recovering a little. What’s still a little mind boggling is the BSC – JPM deal. It still doesn’t seem to make much sense to offer $2 and then offer $10?! I’m sure that just gave some time for big money to load up. Anyway…

SIRI and XMSR had their merger approved, so they should get some action today. It was in the news in the afternoon yesterday and got a pop and dropped back down, so we’ll see if there’s any more reaction today.

Also on the watch is TMA, it’s up big in premarket and there’s some news that they’re working to say out of bankruptcy. We’ll see what the street thinks of it today.

If we see anything else we’ll let you know.

Hope everyone had a great Easter! More crazy news this morning… Now JPM may be paying closer to $10 for BSC, markets are running again. It’s funny that the market is running higher on this “good” news, even though the reality is BSC has done bad business and should have gone belly up, but JPM and the Fed bail out makes everything else go up. It’s still crazy out there. Play it smart!

Today we like solars. Seems to have some upside to them while everyone is going crazy trying to figure out the financial equities. FSLR, STP are a couple we like. In this see saw times we again like the indexes so keep an eye on them as well.

Futures slightly mixed this morning. Remember markets are closed tomorrow, today is options expiration day and it’s the beginning of a 3 day weekend. Can we say BE CAUTIOUS!

No need to force anything today just trade what you see. If you’re looking for a swing the V IPO seems to be a somewhat safe pick. Eventually it’s going to test 60 again.

But if you need to trade something…

Take a look at CROX It may see a bounce today keepting stops fairly tight just under 16, but could see a run to possibly 18ish.

Other than that today is another index day. Have a great Easter!

Huge day yesterday, Dow over 400 pts again! Scary to see those type of rallies. Futures a little mixed.

This morning FMCN could possibly run to 45+ on good earnings. Stop just under 40.

Visa IPO also today. Ticker V.

We’ll keep you posted…