Market Turmoil!!

Good morning folks,
The year doesn't appear to be starting off on a positive note as equities are selling off around the globe. Weak manufacturing data out of China coupled with rising tensions between Saudi Arabia and Iran have all but killed any chance of our "Santa Clause rally" or "January effect". 
As we talked about in the video > technically we have a long ways to pull back before we have to start worrying about a severe bear market or dominant trend reversal. 

This doesn't mean that a correction or pullback won't be swift or painful. If you are comfortable trading in high volatility markets or if you are short biased this could be a fantastic way for you to start your year. 

I am a long biased trader and in markets like this I start to try and identify stocks I would like to own on significant pullbacks that I think present attractive value propositions. This does not mean I identify the first area of support and jump in as soon as it hits. I will identify multiple areas of support. I watch the market action and I am aware that once fear takes hold things can get far worse than many people anticipate. In times like this it pays to be calm and patient.

Nothing lasts forever, eventually the markets will settle and fear will subside. The important thing to remember is not to overreact or panic. Don't make your trading or investment decisions out of fear. Gain control of your emotions and react accordingly. If you can't reign in your emotions then walk away and come back when you can. Everything is temporary and you would be wise to pull yourself away from an environment where you could make some poor choices based on an emotional overreaction. 


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 ..

Gold, and volatility are my main focus for short term trading today 
TVIX GLD NUGT GDX GDXJ 

07:39:50am 01/04/16 AMGNUNIS

Unilife +118% Premarket as Co Announces Exclusivity Agreement With Amgen

Big gapper  CHRONIC pop and flopper Do not chase it High short interest and dollar roll combo can be powerful but make sure you have a clean setup 

08:10:32am01/04/16 RDCM	+ RADCOM Names Yaron Ravkaie To Succeed David Ripstein, Company Sees Q4 Rev. $2.7-$3.0M vs. Est. $5.25M
08:09:30am01/04/16 RDCM	+ RADCOM Reports $18M Initial Order, A Portion Of A Significantly Larger Multi-Year Sales Agreement

Mixed news flirting with a 15 roll but has already had a nice run into the news 

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