Check Out These Santa Elves!

Good morning folks
Remember we have a half day today!


It has been a nice run for the first few days of  this week and it makes me wonder if we may be stealing some of the Santa Clause Rally thunder. 

We are coming up into some resistance once again on several of the indices. I was very encouraged by the action in the IBB however the volume is a bit on the low side and we really need to see a convincing break over 340 and hold to get the sector rolling again. 

The IWM had a really nice move albeit on lower volume but it was still nice to see and not surprising since a lot of low floater spec names get gobbled up in a dash for trash and the hopes of an end of year bounce.

Beaten down sectors like shippers, energy and material names have been springing back to life but keep in mind that there are some real structural challenges and these bounces may be short lived so don't be too greedy.

Be careful out there.   
I hope you have a fantastic, awesome, spectacular Christmas Holiday.

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 ..

04:41:03pm12/23/15 PIP

+ Delaware Supreme Court Affirms Chancery Opinion In Which Court Awarded Pharmathene ~$195M-Reuters

Somebody knew something stock popped EOD and the after the close news came out. Should get some follow through on a 2 roll but it is going to be a light volume day

7:27:14am12/24/15 AZN RLYP

+ Relypsa +2.94% Premarket @$28.60; UK Daily Mail Reported Possible $46/Share Bid from AstraZeneca on Wednesday

Rumors are flying there have been some lofty price targets set and the daily is pretty hot could see a nice crack over 30 its a small floater 

07:23:10am12/24/15 GWPH

+ GW Pharmaceuticals +7.3% Premarket @$72 Following Report of Epidiolex Data Published in the Lancet Neurology

Another small floater capable of making some big moves could be a nice V bottom bounce play already gapping premarket rich valuation but plenty of cash 

07:55:15am SUNE	UPDATE: SunEdison Filing Says Co. Has Been Engaged in Discussions Relating to New Up to $650M Second Lien Credit Facility
07:54:07am SUNE TERP	8-K from SunEdison Shows Co. Has Been Engaged in Ongoing Financing Discussions with Certain Potential Financing Sources

A little active premarket could give a nice bounce and 6 dolla holla retest