sandy beach

That swing up at the open today... This isn't done yet.

RUT futures (small caps) sneaking out the back door again. They can't keep this market up!

Buying half a position in LYB @ 93.76 I missed the bottom on this while I was out this morning. If it goes down more I'll buy the other half. They should be reporting earnings about next Friday. They almost always surprise to the upside. P/E 7.4, Pr/Bk 3.5, EPS 12.73. I don't see any big lots sitting in the L2 data. For the six months ending 30 June 2018 +19% rev. Net Income less extraordinary items + 49%. Sitting near 52 week low.

Thanks will watch!

Sell KMI for a small gain. Will see how earnings on the rest go next week.

Sell LRCX for a small gain. This stock is so ridiculously undervalued. Will buy again when it gets cheaper.

Sell BBT for a small gain.

Sell MKTX for +10 Will buy back around $190 if possible.

The market may be gong up but we still have some technical damage that needs to get fixed IMHO. This ride isn't over.

"BB&T Corp. (BBT +2.4%) CEO Kelly King says he's reduced his expectations for large-bank consolidation across the industry due to advancements in some shared technology systems." There is a productivity event allowing the smaller and medium banks to catch up working with tools from companies like ELLI and MKTX. It will be interesting to watch this evolve.

"E*TRADE Financial (NASDAQ: ETFC) reported Q3 EPS of $0.88, $0.06 better than the anal cyst estimate of $0.82. Revenue for the quarter came in at $720 million versus the consensus estimate of $711.15 million." I decided to not swing trade this. But it does leave some hope for other stocks in this sector.

"Intuitive Surgical (NASDAQ: ISRG) reported Q3 EPS of $2.83, $0.17 better than the anal cyst estimate of $2.66. Revenue for the quarter came in at $921 million versus the consensus estimate of $917.09 million" I thought they would. They've been printing money. Hopefully I get a pop in the morning. We'll see...

Watching earnings for INTUITIVE SURG ISRG which I own. Note I take small bets on earnings swings. Nothing that would ruin my day if I'm wrong.

I'll be interested to see how E TRADE (ETFC) does on earnings tonight. this whole sector has been heavily sold off. I don't own ETFC but it'll offer a clue as to how the others are doing and if they might be worth a swing trade or not. I'm expecting not but we'll see.

Keeping loads of dry powder Doc. But I have to nibble on weakness and I like to swing earnings releases.