Friday, October 30, 2015

Friday Oct 29 Morning Notes

Today has some monster potential, large moves on thin volume in several names. 

Es: +0.2%
10yr: -0.4% at 2.182
Vx: +0.3% at 16.23
Cl: +0.5% at 46.29


Earnings: ABBV BIDU CL CVS CVX DECK EA ETN EXPE FLR FSLR GNW LNKD MYL NUS OUTR PSX SBUX SCTY STX WY
Other News:

GAINERS:
FSLR: +12% at 57.12, 23k, b/a 0.03
DECK: +11.7% at 58.05, 2.7k, b/a 0.75
LNKD: +11.3% at 241.62, 153k, b/a 0.38
EXPE: +6.8% at 135.70, 4.5k, b/a 0.85
ABBV: +6.3% at 57.51, 203k, b/a 0.03
BIDU: +5% at 177.50, 209k
PSX: +2.4% at 88.50, 11k, b/a 0.50
LOSERS:
SCTY: -18% at 31.24, 221k, b/a 0.05
VRX: -7.2% at 103.43, 1.3m
CVS: -3.5% at 100.18, 86k, b/a 0.35
OUTR: -1.46% at 59.55, ZERO volume, B/A of $3.00.... (whispers, *here's my guy*)

Post Earnings Moves:
Avg/max/min abs. value post-earnings % day move from open (not gap move):
$ABBV: 2.38/3.92/1.49
$BIDU: 3.85/5.6/2.29
$DECK: 4.83/8.6/2.20
$EXPE: 3.29/5.81/1.72
$FSLR: 6.37/8.83/4.30
$LNKD: 4.9/8.4/2.0
$OUTR: 5.68/9.12/2.22
$SBUX: 2.00/3.7/1.2
$SCTY: 8.38/14.37/4.15

TT Vol Watch: 
ABBV BIDU DECK EXPE FSLR LNKD OUTR SCTY

TT Track of the Day: Ellie Goulding's "Lights" remixed by Bassnectar

2 comments:

  1. Why do you like thin volume? Isn;t higher volume a better indicator for liquidity?

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    Replies
    1. Good question. My strategy seeks to capitalize on pricing inefficiencies, and the less price discovery there is, the less likely the price is "efficient". The pre-mkt rarely nails the EOD closing price. CVS from this day is a perfect example.

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