Use Your Imagination

Good morning folks
A little choppy yesterday as we digested the moves from Monday and Wednesday. We are coming up into some trendline resistance on a few indexes so a pause or a small pull back is not out of the question. 

A few things that caught my eye in my scans were the bounce in Gold and the miners as well as the chart on the Brazil ETF EWZ. There could be some scalp opportunities there either in the ETF's or individual names.

The cyber security ETF's  HACK and CIBR  are holding up fairly well even though the underlying stocks have not preformed all that well. 

The IBB looks like it could be on its way to test the 200 day SMA  at around 350. Getting the IBB back would provide a nice catalyst for a bull run into the end of the year. 

The IYT which represents the transportation sector has had a nice recovery over the last few days but needs to crack over 150 with authority. 

The weakest indexes to my eye are the small and mid caps IWM and MDY need to find some strength if we are going to get a sustained run in the markets. 

The SMH came right up into resistance and closed right at the 200 day there is a lot of M&A activity in the semiconductor sector. 

Aerospace and defense remain strong and I do not see that changing for quite some time.  

The big one for me though is oil! Even though the commodity is looking like its trying to test its August lows, the charts on the energy names look very constructive and extremely compelling to me.  


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 ..

QTM	Quantum Gacek Buys 45,000 Shares @$0.90/Share - Form 4

This is one of two recent insider buys of 40k shares, Could be a good bounce spot for a 1 dolla holla test I think they are also exploring strategic options fairly thick float so takes a bit to move it may be more of a swing type 

Potential 17 roll need some volume caution there is a big gap on the daily that could fill so make sure you have a defined stop in mind 

Another one with recent insider buy activity @ 12.51 for 10k shares needs to break that downtrend with authority 

Could get a follow through day and getting a little stretched on the daily so could get a para reversal 

APDN	Applied DNA Sciences Identifies Suspects in Short Attack, Persons Of Interest Reported To State, Federal Authorities

Small floater could get some follow through on the 4 roll don't chase it and watch the volume could get running if the volume starts flowing 

Another one that experienced a short attack flagging right below the 8 dolla holla 

WEN	Goldman Sachs Upgrades Wendy's to Buy, Adds To Conviction Buy List

could be more of a swing type on a pull back to 10 

08:44:33am 11/17/15 SRPT

Sarepta Therapeutics Reports Publication of Positive Long-Term Safety, Efficacy Data for Eteplirsen in the Annals of Neurology

Gapping off BMRN news don't chase but could set up intraday 

IMUC	ImmunoCellular Therapeutics Presents Updated ICT-107 Phase 2 Survival and Immune Response Data at the Society for Neuro-Oncology Annual Meeting 2015

Its a chronic pop and flopper but could set up for a nice scalp