The Perfect Storm

Good morning folks, 
I almost did an emergency special video broadcast last night after doing my scans but figured I would just wait until the weekend. Basically, what I saw on several indexes is that we are at some key price point levels that are being tested. 

As we head into the Fed decision next week we are setting up for the perfect storm and not all storms are bad. If the Fed does what the majority of the street wants then I think we could get our Santa Clause rally. We can debate whether an interest rate increase will be good or bad or whether this is the right time to start raising. 

My personal opinion is that if the Fed does not raise then they will lose all credibility and the markets would react negatively. If the Fed raises a 1/4 point and attaches a very dovish statement about rate rises moving forward the markets will rally.  

We have had a nice pullback in the indexes this week and it has given people the opportunity to get their tax loss selling out of the way. Energy stocks and materiel names have been decimated with the fall of oil as everyone seems to be moving to one side of the boat. Its like everyone thinks oil will never rise again and every energy company out there will go BK. Material and interest sensitive names have been clobbered and if you look you will see that there are a boatload of companies of all sizes out there that are down 30 40 and 50 percent. 

If the Fed satisfies the street> we could have a very powerful rally as people begin to re balance their portfolios for the New Year and it could lead to some of the oversold beaten down sectors and stocks snapping back. Lets see how today plays out as we head into next week but I wouldn't be shocked if it was another choppy session. 

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 ..

04:08:59pm12/10/15 STRM

+ Streamline Health Reports Q3 EPS $(0.04) Vs Est $(0.11)

 One of those beaten down names that could bounce Super thin float look for some real volume 

06:05:26am12/11/15 BBRY	+ Mike Khouw Sees Unusual Options Activity In BlackBerry
04:15:20pm12/10/15 BBRY	+ BlackBerry Priv Sells Out At Walmart And Best Buy; Stock Rips

Trying to take out the 8 dolla holla potential W pattern very thick stock so might be more of a swing type 

06:50:24am 12/11/15 CNX

CNX Says 2016 Sold Position Has Increased to 93%

could be bottoming another thick stock need an 8 roll on big volume

Recent insider buying from 6 to 8.44 nice action yesterday flirting with the 8 roll recent IPO could get some follow through

No news just a nice looking chart potential 4 roll recent insider buying 2.25 and 3.28 potential 4 roll small floater 

07:03:55am 12/11/15 SGMO

Sangamo BioSciences Shows Phase 2 Clinical Data From Two SB-728-T HIV Studies

another nice looking daily small floater nice cash position Could go for a 10 dolla holla 

08:04:14am 12/11/15 TLGT

Teligent, Inc. Reports FDA Approval Of CEFOTAN For Injection

Could be breaking out of range> over 9 premarket small floater 

08:36:59am CGEN	UPDATE: Compugen Says Milestone Payment Relates to CGEN-1500IT Program, Will Receive $7.8M
08:36:25am CGEN	6-K from Compugen Shows Co. Achieved Third Preclinical Milestone Payment Related to Cancer Immunotherapy Collab, License Deal with Bayer

Currently halted nice balance sheet could be a nice bounce play