Find The Opportunities!

Good morning folks, 
Unfortunately I am not getting my ideal setup this morning. If you recall, my ideal setup would be for the markets to have a high volume flush of an open and the a nice strong reversal into the close. What we have instead is what appears to be a gap up day which is one of my least 
I have said it hundreds of times " the market does not care about what I want" so I have to adjust and find the opportunities that fit my style.

I nearly did an emergency video yesterday after the close because we have done some serious damage to some of the indexes. We talked about retail and the transportation sectors being one of the flies in the ointment and yesterday we cracked the long term dominant trendline which could indicate a trend reversal. The carnage has been broad based, volatility has increased and perceived safety trades like gold and miners actually held up the best. 
The IBB which was looking fairly constructive lately broke down while the IWM came within a few points of testing its long term dominant trendline. 

We have a lot to go over this weekend but I am not hitting the all out panic button just yet. Nor I am I calling this a Bear market I think it is a bit premature and frankly irresponsible to be making those claims 4 days into the year. 

I realize the headlines are ominous "Worst Start For The Markets In a New Year EVER" but I still see glimmers of hope and till I get a complete confirmation that those glimmers have failed I will remain optimistic.

Just a few quick bullet points

1. Earnings are on Deck and earnings matter
2. The dollar was weak yesterday even as the markets and commodities were weak
3. We are getting extremely oversold 
4. Employment is strong 
5. Low oil prices really are good for the economy > we just need it to stabilize
6. More often than not markets do fairly well during Presidential Election years
7. Interest rates are still historically low 

I am not suggesting things are just awesome and we should not consider that we could be seeing the beginning of a major market change in direction. All the signs are there. We had a full year of markets consolidating to and now we are seeing a historic opening to a New Year. If we really are entering a bear market, it is one of the most predicted and transparent bear markets we have ever encountered. We will go over more thoughts in this weekends video. Be careful out there but please don't panic. 

There are likely to be a lot of snap back type plays today. I expect my alerts will be going off faster than I can react. So try to narrow your focus to just a few of your favorite names or setups
UWTI XIV UVXY primary watch today 



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 ..

07:27:39am SUNE

+ Bearish Analyst Who Nailed The Downside In SunEdison Upgrades The Stock

Could provide some scalp trades

06:05:50am01/08/16 ATHX	+ Healios, Athersys Report Deal Related to Regenerative Medicine for Treatment of Stroke Using MultiStem Therapy
04:16:41am01/08/16 ATHX	+ Healios, Athersys Announce Regenerative Medicine Partnership for Treatment of Stroke Using MultiStem Therapy

Can be pop and flopper so be careful gapping on low volume


Potential snap back plays for day trades highly liquid names to get in and out of with ease