Yesterday the IBB was about the only sector to have a fairly decent move. Unfortunately the rest of the markets struggled. Oil really put a drag on the whole energy sector and ironically the transportation sector struggled as well. The biggest concern for me though was the action in the IWM. That small cap sector broke below some key support and now looks as though it may be heading lower in the near term.
I heard an interesting statistic yesterday that the middle of December is typically the time for tax loss selling. It makes sense and it typically lasts a week or so. There are usually a lot of losers in the small caps so we may not be done feeling the selling pressure in that space.
Watch volatility and oil for potential short term trades. TVIX if volatility picks up from the selloff intensifying and oil for a potential snapback trade.
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 ..
07:02:19am
12/09/15 |
Cara Therapeutics Reports Positive Top-Line Results From Phase 2a Trial of Oral CR845 in Chronic Pain Patients With Osteoarthritis of the Knee or Hip, Showed Statistically Significant Pain Reduction In Mean Rescue Medication For Top 5mg Dose
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No News just like the daily it has been flirting with the 12 dolla holla probably needs news to take it out
04:08:21pm
12/08/15 |
UPDATE: Dave & Busters Raises FY15 Sales from $844M-$853M to $857M-$861M vs $852M Est., Adj. Net Income from $52.5M-$55M to $59M-$60.5M, Comps Growth from 6.5-7.5% to 8.5-9%
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5:02:03pm
12/08/15 |
Tuesday's After-Hours Movers Led By Kinder Morgan, Krispy Kreme And AeroVironment
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04:11:22pm
12/08/15 |
AeroVironment Sees FY16 Sales $260M-$280M vs $265.9M Est.
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04:11:02pm
12/08/15 |
AeroVironment Reports Q2 Sales $64.7M vs $57.7M Est., GAAP EPS $0.19 May Not Compare to $(0.09) Est.
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Watching for double bottom bounce more of a swing full disclosure I have been building a swing position
06:45:52am
12/09/15 |
Powersecure Announces $55M of Contract
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Big cup on the daily small float could be another swing opp as it tests 52 week highs has had a nice run already would be ideal to get it on a pullback to support
Was on this weekends video for snapback play and it provided some nice day trade opps but I would also consider this for a long term hold now that the dividend cut is out of the way Full dislclosure I have a swing position in the name
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