Monday, January 11, 2016

Be Careful Out There


Good morning folks, 
As I write this we are looking at a small gap open pre market. Markets around the globe continued to struggle making it less likely that our markets will be able to hold the premarket action. My ideal setup would have been for an aggressive gap down on some big volume with a strong reversal after a nice capitulation flush.   

Earnings start this evening with AA kicking it off and that could provide a catalyst for the markets. ACI announced bankruptcy restructuring and that could put more pressure on the energy and coal sectors. 

I remain skeptical of the markets and will be looking for quick hits in these conditions. Trading could be tricky so be careful out there. I will be focusing on volatility UVXY, XIV TVIX, and I will be watching oil with UWTI.  



Stocks on my radar premarket


Bullish and may have a swing or lottos in play

Cautiously optimistic


Very Cautious may  present a short opportunity ..
8:03:59am01/11/16
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Juno Therapeutics Acquires AbVitro For $78M Cash And 1.289M Shares Of JUno Stock, To License AbVitro Technology Rights ANd Grant Certain Product Option Rights To Celgene
catching a bounce premarket could set up for a day trade 


07:56:14pm01/10/16
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MiMedx Sees 4Q Revenue $51.8M vs $51.3M Est, 2015 Revenue $187.3M vs 186.99M Est
07:51:36pm01/10/16
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MiMedx to Acquire Stability Biologics for $10M at Closing in Cash, Stock
Recent insider buying @ 7.58 Potential bounce spot with a 9 test and roll 
Penny play low floater can be a pop and flopper gapping off the news could get some follow through for a scalp 


08:04:13am01/11/16
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CORRECTION: Wells Fargo Upgrades Weatherford International to Outperform
Could be a good snap back play 


06:02:14am01/11/16
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Synergy Pharma Announces Positive Trial Update
Another snap back candidate 

08:34:45am01/11/16
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Sphere 3D Announces Initial Results From Collaboration With Microsoft On SnapCLOUD Adopters
May need to raise cash soon lil gap premarket off the news 

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