Wednesday, October 28, 2015

Choose Greatness

Good morning folks,
That is actually a gym quote but I think it can apply to anything in life. 

The markets saw a little bit of pressure yesterday as they work off the overbought conditions. Oil remains under pressure and that took the solar sector and energy names with it. Earnings from AAPL TWTR GILD and AKAM were mixed after the close.   

Today is Fed day and while there doesn't seem to be any fear of an immediate rate hike there will be some dissecting of the Fed statement to try forecast when that move may be coming and what the economy is signaling. Typically the first market reaction is the wrong one so be careful or be quick if you play the market reaction to the statement. 

keep an eye on USO GLD TVIX TZA BIS UUP NUGT DUST 

Stocks on my radar premarket

Bullish and may have a swing or lottos in play

Cautiously optimistic

Very Cautious may even present a short opportunity .

update on SUNE it is in my long term hold account and I am currently under water with it and I have been comfortable holding it and building my position> I added a few shares yesterday @ 6.88 bringing my dollar cost average down to 8.26 If oil continues to fall this will likely go with it my next alert to add is in the 5 range 

Has been consolidating after the big pop could be setting up for another break small floater decent balance sheet 

5
Roth Capital Initiates Coverage on MeetMe at Buy, Announces $4.00 PT
Its getting a bit extended on the daily so don't chase it but it could set up intraday  2.20 to 2.25 might be a good pullback entry 


Ovascience +13%; CEO Reports 5.1% Stake
My buddy Brandon pointed this out to me last night just closed the gap on the daily and flagging here right at a primary downtrend line Look for a break over over 14.50 with volume possible 16.00 test 


10/21/15
Canaccord's Dorsheimer Raises Target on Cree from $21 to $28, Maintains Hold as 'Restructuring showing early signs of potential turnaround'
CREE was on this weeks watch list had a late day pop with some volume look for potential continuation 

Infinera Corp. Reports Q3 EPS $0.22 vs. Est. $0.17, Rev. $232.5M vs. Est. $225.05M
Earnings beat and guide higher gapping premarket look for intraday setup possible red to green after the open 

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