Mentally Tough

Good morning Folks, 
We are green across the board premarket. It looks like (for now ) that the bulls are back in control and the buy the dippers continue to be rewarded. The IBB had a strong day yesterday, Oil was somewhat stabilized and the Fed didn't say anything to spook the markets.
We had a little pullback and now it appears as though we are ready to go higher. I am just going to go ahead and say it. 

WE WILL NEVER HAVE A TEN PERCENT PULLBACK IN THE MARKETS EVER AGAIN!

I am only kidding of course! 

I can assure you we will have a ten percent correction and probably more at some point in time. However, its looking more and more unlikely to happen now. The only caveat I will add is that if earnings start coming in lower than expected with poor guidance then hold onto your hat cause it is likely to be a bumpy ride.  

Stocks on my Radar this morning
BIND pr last night gapper wiat for a setup, RUSL russia ETF looking strong premarket possible bounce play, TGTX potential continuation, FOLD looking for it to take out 9 with conviction, AKAO pr decent looking daily, BIOD pr right before the close two dolla roll up a lot already look for a setup, CYRN pr thin one gapper, STXS pr of a sale in the states, DERM and CRY both hot daily charts, TEAR nice daily already own it in swing account, PHMD started gettin jiggy yesterday looking for follow through, ZIXI announced share repurchase program in effect,  ACUR penny play partnership announced be careful chronic pop and flopper, PLAY and LOCO both recent ipo's in casual dining sector Cramer was pumping the sector last night, 

TVIX TZA IWM IBB JDST NUGT SPY NDAQ UUP USO for sentiment

CNBC in the News

  

	IN THE NEWS TODAY

U.S. stock futures were sharply higher in early trading, after Wednesday'spowerful rally halted a five-session slide in the S&P 500. Battered oil prices snapped a four-day losing streak. (CNBC) Chicago Fed President Charles Evans, a voting member this year, said last night the central bank should be in no hurry to raise interest rates, noting below-target inflation. (Reuters) Europe shares were higher this morning on expectations that pessimistic euro zone data could prompt the ECB to implement more aggressive stimulus measures. (CNBC) Billionaire investor George Soros has called on European officials tourgently boost their efforts to support the Ukrainian economy, to help contend with the threat posed by Russia. French President Francois Hollande called for a day of mourning today, as wire services say two brothers suspected in the killing of 12 people at a Paris satirical magazine have been located. (CNBC) The FBI director is offering new details of the cyberattack on Sony Pictures, while defending the U.S. claim that North Korea was responsible amid doubts by some Internet security experts. (FT) More than 60 percent of the roughly $1.1 billion raised by Bill Gross for Janus came from one wealth management office that employs one of the former Pimco chief’s personal financial advisers. (WSJ) Standard Chartered is closing the bulk of its global equities business andcutting 4,000 retail banking jobs as the U.K.-based firm moves to aggressively reduce costs. (Reuters) Embattled U.K. supermarket chain Tesco—a failed investment for Warren Buffett—reported lower holiday sales but also announced cost-cutting plansincluding some asset sales and store closures. (CNBC) Herbalife (HLF) responded to the latest round of accusations from investor Bill Ackman, accusing him of “another tirade of misrepresentations, the sole purpose of which is to drive down our share price.” (CNBC) Early tests suggest a soil-dwelling bacteria have the potential to be especially powerful in providing a new weapon against the growing threat of drug-resistant superbugs. (NBC News) President Barack Obama today plans to lower insurance rates on federally issued mortgages to first-time home buyers, minorities, and struggling Americans. (NY Times) Ivanka Trump joins CNBC's "Squawk Box" at 7:40 a.m. ET to talk real estate and the return of "Celebrity Apprentice." Real estate mogul Barry Sternlicht joins us at 8 a.m. ET to continue the conversation around housing and to give his outlook for stocks in the new year. A renewed blast of arctic air has prompted wind chill warnings, watches, or advisories for more than 180 million Americans—the coldest weather since last year's polar vortex. (Weather Channel)

	BY THE NUMBERS

Investors are focused on key employment data, culminating in tomorrow’sDecember employment report. At 8:30 a.m. ET this morning, the Labor Department is out with weekly jobless claims, with economists looking for 290,000 new filings last week, compared to 298,000 for the prior week. Consumer credit figures for November are released at 3 p.m. ET, with consensus forecasts calling for a $15 billion increase, following a $13.2 billion gain in October. The Energy Department will release its weekly report natural gas inventories at 10:30 a.m. ET. Retailer Family Dollar (FDO) is among the companies out with earnings this morning, along with spirits producer Constellation Brands (STZ) and steelmaker Schnitzer Steel (SCHN). After today’s closing bell, it’s Bed Bath & Beyond (BBBY), The Container Store (TCS), and Ruby Tuesday (RT). Radio legend Mel Karmazin, former Sirius XM (SIRI) CEO, joins us at8:30 a.m. ET to talk about the future for satellite radio in the face of increased competition from streaming music services like Spotify and Pandora (P).

	STOCKS TO WATCH

Sony (SNE) plans to delay sales of the PlayStation 4 gaming console in China, originally scheduled for this Sunday, reportedly due to prolonged negotiations with Chinese authorities. (Reuters) McDonald's in Japan reported more past incidents in which customers complained there were pieces of metal and plastic in food, a day after a human tooth was discovered in fries there. Seven Californians and two people in Utah have confirmed cases of measleslikely contracted on trips last month to Disney (DIS) theme parks in California. General Motors (GM) is cutting prices for its 2015 Cadillac CTS sedans by as much as $3,000. That comes amid weaker than expected demand. PVH Corporation (PVH) plans to close its Izod retail division by the end of fiscal 2015, although it says the move should not impact its Izod wholesale business. The company’s Izod retailer division consists of about 120 stores. Costco (COST) reported a 3 percent increase in same-store sales for December, above estimates of 2.8 percent. U.S. sales alone were 5 percent higher. Google (GOOG) is already feeling the pinch from the Firefox browser going with Yahoo (YHOO) as its default search engine, amid reports Apple (AAPL) may also drop Google, according to the Wall Street Journal. Seeking Alpha Today's Markets: In Asia, Japan +1.7% to 17167. Hong Kong +0.7% to 23835. China -2.4% to 3294. India +1.4% to 27275. In Europe, at midday, London +1.4%. Paris +2%. Frankfurt +1.5%. Futures at 6:20: Dow +0.7%. S&P +0.7%. Nasdaq +0.8%. Crude +0.6% to $48.93. Gold -0.3% to $1206.90. Ten-year Treasury Yield flat at 1.95% Today's economic calendar: Chain Store Sales 7:30 Challenger Job-Cut Report 8:30 Gallup US Payroll to Population 8:30 Initial Jobless Claims 9:45 Bloomberg Consumer Comfort Index 10:30 EIA Natural Gas Inventory 3:00 PM Consumer Credit 4:30 PM Money Supply 4:30 PM Fed Balance Sheet Notable earnings before today's open: APOL, FDO, GPN, SCHN,STZ Notable earnings after today's close: ANGO, BBBY, CUDA, EOPN, HELE, PSMT, RT, TCS, VOXX $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ This year, one of the things I would like to accomplish is putting together a group of aspiring and active traders/ investors for monthly informal social gatherings where we can talk about stocks, the markets, trading and investing strategies. Last night was the first meeting and while it was a small group it was really a lot of fun. If you are in Vegas and interested in being part of such a group email me @ Alphawolfvegas66@gmail.com     $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ BEST OF SUCCESS!