Alpha Wolf Capital : Don't Worry

Good morning folks,
It has been a brutal beginning of the year so far if you are a bull. Last weekend I thought we may see some weakness follow through from the end of year close and that we could feel some pain.

I did not see it as being this swift but then again I din't know North Korea was going to set off a bomb either.

The next couple of days could be critical in terms of breaking some key technical trends and its possible that we may have the beginning of some long term trend reversals.

I am not in panic mode nor have I turned into a bear.

We could be setting up to have a better than expected earnings season and ultimately that is what drives the market. If earnings are worse than expected and we start seeing major layoffs being announced then we will have to adjust our approach to the markets. Right now, the way I view it, is that there are some great value plays being created in the turmoil. As of the close yesterday we were not yet "extremely" oversold and the fear index is not yet in panic range.

Ideally what I would like to see is a weak open and then a strong reversal in the markets with some high volume attached to the move. I don't want to see a gap up day and low volume consolidation. Hopefully we get that move over the next couple of days as we head into earnings next week.

In this type of market when you are looking for quick in and out scalps
UVXY XIV TVIX have been working out well. In the chat room we have Grimm who has made that her consistent go to play and she is very good at what she does. If you are interested in learning or just hanging out in a laid back respectful room with like minded traders come check it out. http://www.chatzy.com/TradersDen

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 ..

6:01:55am01/07/16 GBX	+ Greenbrier Reaffirms FY 2016 Guidance
06:01:39am01/07/16 GBX	+ Greenbrier Q1 EPS $2.15 vs $1.62 est, Revenue $802.4M vs $758.8M est

Nice earnings beat lil gapper premarket in a very weak tape high short interest could be a decent stock to start building a swing in small floater pays a dividend Insider selling recently

Energy Recovery Announces Successful Completion of Field Trials for VorTeq Hydraulic Pumping System
Potential 7 roll has been consolidating for awhile on the daily but it does have that huge gap so be careful

07:59:14am01/07/16 SUNE	+ SunEdison Says It Will Raise $725 Million, Reduce $738 Million Of Debt
07:06:02am01/07/16 SUNE	+ SunEdison Prices $725M In 2nd Lien Secured Term Loans And Enters Exchange Transactions Which Result In $738M Reduction Of Debt