Warning Flags in the Charts

Good morning Folks 
We lost some of those areas of support that I was talking about in yesterdays blog post. The NASDAQ IWM IBB USO SPY and SMH all had moves yesterday that are warning signs of what may be coming next. 
The markets have started out on the wrong foot for the month of November which is typically a strong month. 
Weakness was across the board and volatility is getting more intense. Look for that to continue is the selling  becomes more aggressive. TVIX VIX--X VXX

"on tap for today, including producer prices, retail sales, business inventories and the University of Michigan's consumer sentiment survey. After a rough week of retailer earnings, investors will be closely watching consumer spending figures. Data from the Commerce Department is expected to show that sales climbed 0.3% in October, after edging up 0.1% the previous month, giving more impetus to the Fed to raise rates in December. Consumer sentiment is also seen brightening."

Even the dollar was weak yesterday, while gold actually had a little bounce and that looks as though it could carry over into today. On the positive side the GAP stocks MSFT FB GOOGL AMZN MCD have been holding up reasonably well in this little correction. However, if those roll over the selling could really intensify across the board. 
  
It is tricky trading out there, if you are not comfortable in this environment then don't trade. A wise trader will sit on the sidelines and learn. Work on watch lists, review prior trades, study the markets and how things move in correlation to one another. Remember that this is a journey and not a race. 

I have my best friend coming into town this afternoon. I will try to get this weekends videos done but I can't make any promises. 
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 .

LPCN	Lipocene +16% After-Hours on Earnings Beat, Announcement of FDA PDUFA Date of June 28, 2016 to Complete Review of NDA for LPCN-1021

Thin floater gapping a little premarket could get some follow through but if biotech remains weak it will likely struggle 

PLNT	Planet Fitness Tops Q3 Estimates, Shares Jump

IPO low floater gapping premarket > flagging @ 17 dolla holla could get some follow through or set up intraday for a scalp  Lots of debt here recent don't chase it

HART	HART Reports Q3 EPS ($0.19) vs. Prior Year Quarter ($0.34)

This actually held up way better than I thought it would yesterday and its hanging tough after reporting earnings yesterday after the close >could get some follow through if it takes out 1.70 with conviction it likely has a 2 magnet 

AMAT	From Conf Call: Applied Materials Says 2015 is a Year of Strong Memory Investment; Seen Highest Level Of Spending By Customers In Seven Years

This is a really thick stock so probably more of a swing type but in this trading environment may be best to wait for a pullback

HIMX	Baird Initiates Coverage on Himax Technologies at Outperform, Announces $9.00 PT

Probably another swing type reported earnings catching several upgrades another one to consider on a pullback