It's Never Ending

Good morning folks,
What a wild day yesterday with the Biotech's getting whacked off the Citron article on VRX and WTW shed a few after its parabolic run>> Get it ? Shed a few >>>>parabolic run? Sometimes I kill me.

Mario Draghi is speaking today and that could help set the tone for the markets. Congress is still messing around with raising the debt ceiling which could lead to more market volatility and earnings are in full force with some big names reporting before the market open and more to come after the close. 

The IBB is barely hanging on to the 300 level while the IWM is experiencing a healthy pullback. Oil took a hit yesterday on a big inventory build and unfortunately that could continue to put pressure on the sector and ruin some of the sweet setups we were building on the daily charts of energy companies.

The watchlist video from the weekend has given us some great trading opportunities and it looks like we will have another one this morning. OCLR (which is a swing for me) provided some earnings numbers early and the stock is gapping to my target premarket and flirting with the 3 dolla holla. We may get some continuation on a three roll. This is one of the companies that had some insider buying. Which is just one of the things that I like to see when I am considering a swing position.  

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 .

06:39:13am 10/22/15 OCLR	Stifel Nicolaus Upgrades Oclaro to Buy
04:33:54pm 10/21/15 OCLR	Oclaro Expects Q1 Results To Be Above High End Of Guidance
04:33:24pm 10/21/15 OCLR	Oclaro Reports Prelim. Q1 Rev. ~$87.5M vs. Est. $85.61M

A three roll with conviction could keep it rolling but I would not chase it look for an intraday setup

If you have been swinging scale out some lock the profit into strength Decent sized float with a decent short position 

AMCC no news but it held up fairly well yesterday interesting little flag on the daily just below 7 looking for a seven roll 

CANF	Can-Fite +12.5% Premarket Following Announcement of New Study Demonstrating CF602 Mechanism of Action to Improve Sexual Dysfunction

nearly filled the gap on the daily former popper tiny float tiny float but they just did an offering @ 4.35 a share could setup intraday but I wouldn't chase it 

ZFGN	Zafgen Says Cause Of Death Of Patient Has Been Determined To Be Respiratory Failure Due To Pulmonary Embolism; Not Known If The Death Of The Patient Was Related To Treatment With Beloranib
06:38:49am 10/22/15 ZFGN	Zafgen Expects ZAF-311 to Remain Pivotal Clinical Trial; Says Expects To Report Top-Line Results From ZAF-311, ZAF-203 Clinical Trials In Q1 Of 2016

Possible snapback plenty of cash  Small float >active premarket could set up for a nice day trade testing an 12 roll premarket  do not chase it look for intraday setup 

05:04:32pm 10/21/15 ERII

Energy Recovery Shares Spike Higher ; Hearing Upgrade from Credit Suisse

At the risk of sounding like a broken record I still think this presents a good swing opp and I have started to scale in on weakness. I will be looking to add if that weakness were to continue. It could also set up for a nice day trade and another retest of the 8 dolla holla 

MNGA another one form this weeks watch list video 

MagneGas Subsidiary Lands Largest Single Customer in Company HistoryPR Newswire(Thu 8:00AM EDT)  Hitting target premarket of 1.50 if it takes that out with volume it could go for a 2 test

It is  a bit extended on the daily so be careful if you try to take it for a day trade

RLYP	Relypsa Shares Continue to be Volatile Following Wednesday's FDA Approval of Co's Treatment for Hyperkalemia

Possible snap back bounce gapping down premarket small float plenty of cash and an approval to me it seems like its going in the wrong direction 

NVIV	8-K By Invivo Therapeutics Shows SEC Does Not Look To Recommend Action Against Company With Regard To Timing & Completion Clinical Study Of Neruo-Spinal Scaffold

Small float could get a bounce and set up intraday for an 8 test 

INFI no news but like the way it has held up earnings are November 5th flirting with a ten roll may be waiting on news 

07:13:54am 10/22/15 SUNESUNE	SunEdison Completes Construction on 2 MW Solar Power Plant for Elkton, MD
07:04:13am 10/22/15 SUNE	SunEdison Under Pressure to Reconsider Recent Deals, Including Plan to Acquire Continuum Wind Energy -Live Mint
05:32:13pm 10/21/15 SUNE	From Greenlight's Q3 Letter: SunEdison's Equity Raise, Purchase of Projects by Third Parties, Slowing Development Pipeline 'Stabilized Situation' at the Co.

Update on my long term hold in SUNE I still have it and I was looking to add on a pullback to the 7 range. Not sure that will trigger but it is definitely on my radar. to me it could be a nice anticipation double bottom play