Thursday, December 10, 2015

OVERTHINKING>?

Good morning folks, 
Yesterday was a very interesting day. First thing in the morning it looked like we we had the perfect storm. Oil was bouncing the market was up strong and stocks were looking like they were going to recover. Then we had a strong reversal on heavy selling. What made the day so interesting is the dollar was also weak. Normally that would give us some strength in commodities like oil and gold. There was really no place to hide yesterday> Transportation, Biotech, Healthcare, Home builders, Retail, Defense, Small cap, Mid cap, Large cap, Cyber security, Energy, Social, Tech and even the beloved FANG stocks were under pressure. There were some good day trade opportunities early in the day but then things started to unravel and once again I had to remain on the sidelines.  

We did some technical damage yesterday and unfortunately, as we head into the Fed decision next week, things could get more volatile. There is likely going to be some choppy action as we head into the end of the week so have a plan and try not to over analyze things. If the market is not giving you what you want then take the time to study. Step away from the computer, go out and enjoy your day. 

We talked about the Solar sector last weekend and FSLR reported last night and the guidance was pretty conservative so it doesn't look like that will be the catalyst to move the sector higher. 
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 ..
07:34:37am
12/10/15
H.C. Wainwright Initiates Coverage on Vuzix at Buy, Announces $10.00 PT
Flirting with resistance a bit extended on the daily needs to consolidate a bit 
07:35:08am12/10/15
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Nevro Announces CMS Approved Transitional Pass-through Payment for Outpatient Use of Co.'s Senza Spinal Cord Stimulation System
Smoking hot daily flagging just below all time highs small float plenty of cash on the balance sheet worth watching for breakout trade look for volume 
07:32:37am12/10/15
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CalAmp Sees FY16 Sales $282M-$288M vs $285.6M Est.
07:32:03am12/10/15
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CalAmp Sees Q3 Sales $74M-$75M vs $73.7M Est., Adj. EPS $0.29-$0.31 vs $0.29 Est.
07:30:31am12/10/15
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Shares of LoJack Halted to Announce: CalAmp Has Offered $5.50/Share in Cash
Coiling below the trendline nice earning and raise Worth watching for a 19 roll 

06:51:04am12/10/15
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SunEdison Reports Contract with Ontario IESO for Large Scale Flow Battery Storage, 10-Year Deal
Had decent news yesterday on its VSLR acquisition Full disclosure I have a Swing in the name it needs to crack 4 with conviction 

04:11:39pm12/09/15
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Ollie's Sees FY16 Sales ~$745M vs $740M Est., Comps Up ~4%, Adj. EPS ~$0.66 vs $0.62 Est.
04:10:58pm12/09/15
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Ollie's Bargain Outlet Reports Q3 Sales $174.6M vs $169M Est., Comps Up 3.2%, EPS $0.11 vs $0.08 Est.
Recent IPO nice earnings beat very small float lots of debt pretty sizable short position could get jiggy> gapping premarket don't chase 


10:42:57am12/09/15
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Option Alert: HIMX Jan16 8.0 Calls Sweep: 1000 @ ASK $0.55: 2730 traded vs 27k OI: $7.86 Ref
11:47:03am12/08/15
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Option Alert: HIMX Mar16 8.0 Calls Sweep: 603 @ ASK $0.80: 603 traded vs 12k OI: $7.52 Ref
02:51:21pm12/03/15
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Himax Activity Heating Up, Expert Sees Next-Gen Displays Driving Business
Testing trendline and an 8 dolla holla if it takes out 8 with conviction could have some nice follow through 
08:10:22am12/10/15
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WaferGen Announces First Commercial Sale of ICELL8 Single-Cell System to Major Global Pharmaceutical Company
Likely going to need cash soon could go for the 1 Dolla roll has a tendency to be a pop and flopper 


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