Monday, December 28, 2015

It's Coming!

Good morning folks,
I hope you had a fantastic holiday and a restful weekend. It could be a choppy week trading as we head into the end of the year. We talked about the fact that we may have robbed the Santa Clause rally last week. this morning I am looking at some red on the screen premarket I am not throwing in the towel just yet. Let's see how the day plays out before we give up on Santa.

Economic data from around the globe were not very encouraging. Japan reported some weak numbers on Friday followed by Russia GDP numbers that were extremely weak and China had a 2 percent decline overnight with shippers in particular taking a big hit that could carry over so be cautious in the shipping space. 
Oil is also showing some weakness premarket. 

Just remember that on a shortened Holiday week you don't have to trade if you can't find your ideal setup.
Today's Markets 
In Asia, Japan +0.6% to 18873. Hong Kong -1% to 21920. China -2.6% to 3534. India+0.8% to 26034.
In Europe, at midday, London closed. Paris -0.6%. Frankfurt -0.4%.
Futures at 6:20, Dow -0.4%. S&P -0.3%. Nasdaq -0.2%. Crude -2.4% to $37.17. Gold-0.5% to $1071.
Ten-year Treasury Yield flat at 2.24%
Today's Economic Calendar
If you were unable to watch this weeks videos here is you last chance. 



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 ..

07:36:26am
FitBit +4.64$% Premarket @$30.25; FitBit App Tops App Charts for Christmas
Testing a 30 roll premarket could get some follow through big short interest, Primary dominant trend is down  overvalued but could set up for a nice day trade
No news Daily has an interesting look flirting with that 12 roll 




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