Remember What I Said

Good morning folks 
This weekend we talked about oil and it pulling down the energy names. We talked about needing the IBB to get through resistance. We talked about the airlines looking pretty strong. We talked about gold, and the strength of the dollar.

I said I was fairly bullish short term and I also said that will  probably be the kiss of death! 

We had a pullback yesterday and we are looking weak again premarket. 

The ASH conference which was looking pretty positive for the IBB on Saturday when I did the videos. Then on Sunday that sentiment turned negative when a couple of high profile bio names disappointed with their presentations. 

Several indexes are still within a whisper of breaking through technical resistance but we seem to be stalling out a bit. This is fine as long as we just consolidate before breaking through but what we don't want is a high volume sell off where we lose key ares of support. 

Even though I was feeling pretty bullish I am always cognizant of the fact that the market doesn't care how I feel or what I think. As a trader, I need to adapt to what is happening in front of me and not what I am thinking might happen. 

That doesn't mean I can't speculate and start building a position is a long term hold or potential swing. It does mean that I may need to take a different approach like reducing my position sizing or identifying a new support level for entry. Booking some profit in trades that have been working and cutting the ones that have broken support. I try to keep an open mind and try to adapt to whatever the situation may be. I also know when the market isn't ideal for my style of trade and I should just sit on the sidelines.

Bottom line is the market will rarely do exactly what you think exactly when you think it should. You can't let that bring you down. You just have to keep an open mind and adapt.

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 ..

06:04:02pm 12/07/15 VLRS

Volaris Reports Nov. Traffic Results, Increased ASM By 30.2% YoY, RPM Up 25.9% YoY

Hot sector nice daily trend looking to test all time highs thicker stock probably more of a swing if oil continues to fall could see a 20 test in this one

07:10:26am 12/08/15 IVAC

Northland Securities Initiates Coverage on Intevac at Outperform, Announces $7.00 PT

Tiny float average daily volume is nonexistent need to see some real volume to get involved could take out the 5 dolla holla and the trendline DO NOT CHASE 

05:54:51am 12/08/15 TNK	Teekay Tankers Initiated Buy At Credit Suisse, Sees Co. Tanker Fleet Positioned Well To Capture Market Upside
05:39:47am 12/08/15 TNK	EDIT: Credit Suisse Initiates Coverage on Teekay Tankers at Outperform, Announces $10.00 PT, Co Is In The 'right place at the right time'

The sector has been weak for a long time but this stock has fared better than most in the sector look for a 7.50 break with conviction 

ONTX	Onconova +52% Premarket @$2.00; Company Presented Positive Data Monday from Phase 2 Combination Trial of Oral Rigosertib and Azacitidine at #ASH2015

Small floater can be a pop and flopper low floater phase 2 data burning through cash likely need to raise at some point big gapper do not chase

04:19:24pm 12/07/15 TXMD	TherapeuticsMD +32% After-Hours @$8.75 After Co Announces Positive Top-Line Results from its Phase 3 Rejoice Trial in Postmenopausal Women
04:10:44pm 12/07/15 TXMD	TherapeuticsMD Reports Positive Top-Line Results from its Phase 3 Rejoice Trial in Postmenopausal Women with Vulvar and Vaginal Atrophy Treated with 25 mcg, 10 mcg or 4 mcg of TX-004HR

Flirting with the nine dolla holla premarket 25 percent short position could be a squeezer 

04:11:22pm 12/07/15 ZGNX	8-K from Zogenix Shows New Data Demonstrating Sustained Effectiveness, CV-Related Safety for Patients Treated with ZX008
08:03:49am 12/07/15 ZGNX	Zogenix Reports New Efficacy, Safety Data on ZX008 for Seizure Treatment in Dravet Syndrome

Could be a gapper over 15 another one with near 20% short interest decent cash position small float can make nice moves look for volume 

06:04:50pm 12/07/15 XON ZIOP

Ziopharm Oncology Shares Trade Up After Hours After 8-K Shows CD19-specific CAR T-cell therapy Up

making a small move premarket was just cut to under-perform at Wells Fargo last week. Can be a pop and flopper so don't chase but 32 percent short position so it can definitely squeeze 

07:33:40am 12/08/15 PIRS

Pieris Pharma Reports Upfront Payment Of $6.4M; If All Conditions & Milestones Are Met, Than Total Payments To Pieris Could Surpass $409.3M Excluding Royalties

plenty of cash small floater watch for a break over 2.50 with conviction