Alpha Wolf Capital : As the New Year Approaches

Good morning folks,
We never gave up on the Santa Clause Rally and it appears as though we may still have one even if it is only a tepid one.

We cracked over some levels of resistance yesterday and it looks like we could continue with this rally in the near term. The IWM and IBB both had some decent action yesterday while Oil also had a nice bounce.

This morning Oil is giving it all back after receiving some Inventory data after the close yesterday. We get more inventory numbers @ 10:30 E.T. which could be market moving. Ironically the market has been moving in tandem with oil and if today's numbers are bearish that could put some selling pressure on the markets.

The FANG stocks are showing some strength and that also helped the markets. While that is nice to see, what we really need is broader market participation and some new leaders to evolve. That would give us the fuel we need to have a healthy sustained rally.

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 ..

No news just like the daily chart flirting with a ten roll after some consolidation may need a catalyst and some volume

Same story with SRPT nice looking daily set up

Looking for a break over 10.50 with conviction potential scalp

06:48:08am12/30/15 X	+ Dan Nathan Sees Unusual Options Activity In United States Steel Corporation
10:10:58am12/29/15 X	+ Option Alert: X Jan16 9.5 Calls: 6500 @ Above Ask! $0.22: 6512 traded vs 1431 OI: Earnings 1/26 $8.22 Ref

Thick stock more of a swing type don't chase it looking for 8 to hold as potential support for entry

Smoking hot looking daily very thin recent IPO looking for a flag break with conviction

07:57:03am12/30/15 SUNE TERP	+ SunEdison +5.1% Premarket @$5.28
06:56:32am12/30/15 SUNE	+ SunEdison Reports Deal to Extinguish $336M of '20 Exchangeable Notes