Alpha Wolf Capital : Keep Your Mind Open

Good morning folks,

In last weekends market wrap video we talked about the resistance we were approaching in several indexes and that we needed the IBB to break through so it could help lift the overall markets and that it wasn't going to be a big shock if we stalled out or had a small pullback.

Well, we have had a small pullback and it may not be over. We broke through some key levels of support in several indexes with the IBB and the IWM looking especially weak. Volatility picked up and there was even some positive action in gold. While it would be nice to have the markets come screaming back and head to new highs for the year we have to be open to the fact that the markets may not react the way we want them too.

The markets did not like what Draghi and Yellen had to say yesterday and today we get the unemployment number along with the OPEC decision on production cuts.

It was an interesting day yesterday as Oil bounced and the Dollar dropped yet the markets did not respond positively.

Expect more volatility ahead and be open to the idea that we could see more weakness in the near future.

Keep and eye on the FANG stocks, gold ETF's

GLD GDX GDXJ and Volatility with TVIX VIX-X

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 ..

7:57:44am
12/04/15

TRVN

Trevena +8% Premarket @$12.39; On Thursday, Co Announced FDA Fast Track Designation for Oliceridine

has an interesting cup and handle look lil gap premarket

08:00:06am
12/04/15

KBIO

KaloBios Pharmaceuticals +29.60% Premarket; On Thursday, Co Announced Agreement to Acquire Benznidazole Program for the Treatment of Chagas Disease, Plus Private Placement @$29.27/Share

Definitely volatile but if you play wait for a setup do not chase this