Go With Your Flow

Good morning folks,

So yesterday was interesting as we had a complete meltdown in WMT, the Fed released the beige book comments which showed there were areas of our economy that were soft. Earnings continue to be unimpressive as the the indexes struggle technically. While we have a resurgence of IPO's lately the pricing and performance of the new issues have been weak, indicating that the appetite for risk is muted.

  

There were a few bright spots the semiconductor sector was active off of merger speculation and precious metals and miners gained off of the dollar weakness. While financials have provided mixed results and remain in focus as we get more earnings today.

   

By the time you read this we jobless claims and CPI numbers will be out and that could set the tone for the markets as we are currently flashing green premarket.  

Today's Markets  In Asia, Japan +1.2% to 18097. Hong Kong +2% to 22888. China +2.3% to 3338. India+0.9% to 27010. In Europe, at midday, London +0.9%. Paris +1.3%. Frankfurt +1.4%. Futures at 6:20, Dow +0.6%. S&P +0.7%. Nasdaq +0.8%. Crude -1.4% to $46.01. Gold+0.4% to $1184.60. Ten-year Treasury Yield +2 bps to 1.99% Today's Economic Calendar 8:30 Initial Jobless Claims 8:30 Consumer Price Index 8:30 Empire State Mfg Survey 9:30 Fed's Bullard Speech 9:45 Bloomberg Consumer Comfort Index 10:00 Philly Fed Business Outlook 10:30 EIA Natural Gas Inventory 11:00 EIA Petroleum Inventories 3:30 PM Treasury Budget 4:30 PM Money Supply 4:30 PM Fed Balance Sheet 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 . http://finance.yahoo.com/news/transition-therapeutics-alzheimer-drug-effective-104642387.htmleffective-104642387.html I would be careful here it is gapping up but the news is a bit sketchy to me low floater burning through cash if this gaps up too much could present a nice short  12:41:28pm 10/14/15 HIMX Option Alert: $HIMX Jan $8.00 Call Sweep; 3231 Contracts @Ask @$0.55; Now $6.97 10:41:33am 10/12/15 HIMX Option Alert: $HIMX Jan $8.00 Call Sweep; 2493 Contracts @Ask @$0.50; Now $6.89 Cramer is not a fan but I am I have been staking it since last week missed my ideal entry looking for potential pull back for starter entry swing  07:30:59am 10/15/15 BDSI BioDelivery Sciences Announces FDA Approval of Change in BUNAVAIL® Product Specification Allowing for Immediate Release of Product Small float under 100m decent short position 27% of the float may need to raise capital in the near future Don't chase but could set up for a nice intraday scalp>> gapping to 7 premarket thinking it could try to tag 7.50 or so Watch volume currently fading premarket

Sonus Introduces VellOS® - The Network Operating System for Cloud Networks
@ACinvestorblog pointed this out to me has a nice looking flag developing on the daily looks better on TC2000 small float plenty of cash could be a decent swing saw some $10 price targets out there 

08:07:51am 10/15/15 AZN PPHM	Peregrine Pharmaceuticals +20% Premarket Following Announcement of Collaboration With AstraZeneca
08:05:42am 10/15/15 PPHMPPHMP	AstraZeneca, Peregrine Pharmaceuticals Increase Ongoing Immuno-Oncology Collaboration to Include Phase II Lung Cancer Combination Clinical Trial

Phase 2 still a long way to go> PR seems a bit fluffy don't chase it burning through cash likely needs financing soon 

GORO KGJIRIC

Top 4 Small-Cap Stocks In The Gold Industry With The Highest ROE

If Gold and miners continue >I like the look of GORO needs to take out the trendline with conviction on a 3 roll fairly small float positive cash flow lots of cash low debt could be more of a swing 

BMY FPRX

Five Prime Therapeutics +68% Premarket Following Announcement of Worldwide License, Collaboration Agreement on CSF1R Antibody Program With Bristol-Mye

Big gapper low float decent balance sheet 15 percent short position could be a crazy runner watch the volume don't chase look for a pullback setup intraday