Good morning folks,
Yesterdays Fed announcement played out just as I had hoped.
We talked about the scenario in last weekends video and it looks like we could be set for a nice Santa Clause Rally into the end of the year.
It didn't go exactly as as I had hoped though. We actually ran into the announcement and I would have preferred that we sold off on Monday and Tuesday setting us up for an explosive move on Fed day. I am not complaining at all! It has been a really nice week so far.
So what can we expect going into the end of the week?
It is worth noting that the typical Santa Clause Rally is the last week of December and the first week of January. Since we ran into the Fed announcement, I would not be totally surprised if we pulled back over the next couple of days heading into Quadruple witching options expiration.
That could let us build up a little energy to take us through the end of the year.
We could just keep running but I think it would be better if we took a little pause. However, repeat after me > the market does not care what I think!
I was really impressed with the action in the IBB, IWM, Solars and Financials.
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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 ..
06:27:10am12/17/15
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Credit Suisse Says Pandora's Higher Spin Rate Appears Less Punitive In The Long Term, Expects Shift Back To Ad-Sponsored Business & on-Demand Product
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10:45:02pm12/16/15
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QUICK RECAP: Pandora Will Pay $0.176 Per 100 Spins Vs Prior $0.153 Per 100 Spins On A Blended Sub-Ad Base, Up 15.03%
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10:11:20pm12/16/15
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Albert Fried & Co. Upgrades Pandora Media to Overweight, Raises PT to $20.00
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Gapping off the news 16 could serve as pretty substantial resistance does have a gap to fill decent short position thicker stock may need a bit of time to consolidate
05:03:54pm12/16/15
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MiMedx Raises Buyback Plan to $10M, Extends Term to Dec. 31, '16
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05:01:07pm12/16/15
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MiMedx Sees Q1 2016 Adj EPS $0.06-$0.07 vs Est $0.05 & Revs $53M-$55M Vs Est $53.21M
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05:00:55pm12/16/15
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MiMedx Sees FY16 Adj. EPS $0.31-$0.35 vs $0.25 Est., Sales $245M-$255M vs $241.9M Est.
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Insider buying @ 7.58 Gappin premarket breaking downtrend flirting with a nine roll could be a decent swing play if the IBB holds up look for it to take out 9 with conviction decent size short position in the name Can be a pop and flopper so wait for it to come to you
07:22:11am
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Oculus Innovative Sciences +36 % Premarket @$1.50; Co Announces FDA 510(k) Clearance for Microcyn-Based SebDerm Gel(
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05:34:05am12/17/15
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TowerJazz Signs an Agreement with Semiconductor Laboratory; Will Generate Revenues of $35M
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11:21:58am12/15/15
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Oppenheimer: Tower Semiconductor Has Legs, Multiples Set To Expand
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No news but really like the daily on this one it can be a git of a grinder looking for a six roll with conviction would like to get it on a small pull back
Same story as TROV Like the daily more of a swing trade for me would like to get it on a pullback to 13 or so
This could be a logical bounce spot low floater plenty of cash and lowest stock price going back to 2013 could get a nine roll need some real volume
4:25:36am12/17/15
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Cerberus Near Deal to Acquire 80% of Avon's North American Business, 17% Stake in Avon for $605M - Wall Street Journal
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06:32:17am12/17/15
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JP Morgan Upgrades Qualcomm to Overweight, Lowers to $55.00
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Gapping on a fluffy headline but there has been a fairly constant flow of decent news Full disclose this is one of my long term spec plays I trade in and out of it quite a bit
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