Sometimes The Odds Are Stacked Against You

Good morning folks, 
We had another nice day in the markets but keep in mind that the Fed is on deck and anything can happen. Just like anything can happen with a good looking technical setup. Take HAIN which was in this weeks Ticker Tv stocks to watch. It had a great looking setup and broke out on Friday it looked like it could get some nice follow through but the stock struggled most of the day and then closed at the low. After the market closed it announced 
 HAIN

UPDATE: Company Does Not Expect To Achieve Previously Announced Guidance

HAIN

UPDATE: Hain Says Co. 'will not be in a position to release financial results until the completion of the independent review of the Audit Committee and of the audit process relating to FY16'

Odds are someone knew this last Friday and the stock gave a signal that something wasn't right today when it couldn't follow through. 

Reality is you never know what is really going on with a company and that is why if you are going to hold it overnight you do some due diligence and make sure company doesn't have any significant events on the horizon like earnings. If they do make sure you size your position appropriate to the amount of risk you are taking.

The IWM SMH SPY and a few other indexes had nice little moves yesterday and it looks as though the bulls still have control. Billionaires are raising the stakes betting against the markets Soros doubled down on his short bet against the SPY following moves by Gundlach, Icahn and Tepper.  

Oil also moved higher while gold silver and the dollar took a pause. Oil is approaching 46 a barrel premarket as more chatter out of OPEC surfaces.While the dollar is taking a hit from comments made by one of the Fed members that appear to be fairly dovish.

Markets are flashing a little red premarket if that were to intensify we may get some action in UVXY and TVIX for some scalp opportunities. 

Today's Markets 

In Asia, Japan -1.6% to 16596. Hong Kong -0.1% to 22910. China -0.5% to 3110. India-0.3% to 28064.
In Europe, at midday, London -0.3%. Paris -0.5%. Frankfurt -0.7%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.4% to $45.90. Gold+0.7% to $1356.70.
Ten-year Treasury Yield -2 bps to 1.52%

Today's Economic Calendar

8:30 Consumer Price Index
8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 E-Commerce Retail Sales
12:30 PM Fed's Lockhart speech

STOCKS ON MY RADAR PREMARKET 

*PR = Press Release

MS Valueact Capital took a 1.1 billion dollar stake after the close Nice looking daily more of a wing or long term hold

EBIO licensing deal testing a 6 roll its a bit extended on the daily but its a thin floater with lots of eyes on it could get a little whacky

FIT nice pop yesterday could get some follow through off rumors of being taken private and a MS 6.7% stake 

MNTA nice reversal candle yesterday flirting with the 200 day and the 12 roll 

MOMO getting some momo off crushing earnings flirting with a 17 roll which is a big spot for it don't chase but one to watch could even consider for a swing on a pull

RPRX PR active premarket small floater could need to raise cash soon 

RMTI License deal could get some action maybe an 8 test  

The stocks discussed in this week's Ticker Tv are listed below
Here is the link to the video

  http://ticker.tv/vegastrader66

August 12 -19th 2016 Market Wrap and Sector watch from Alpha Wolf Trading on Vimeo.