We did a little bit of technical damage yesterday but nothing all that significant. If you watched this weeks video we tested some areas of support that were highlighted in the video and in some indexes and we crossed below our first area of support. It wasn't the ideal way to start the New Year but in no way do I see it as catastrophic.
I am already hearing all the fear mongers starting to come out of the woodwork on the financial networks.
Is there reason to be concerned?Absolutely!
There are a lot of headwinds occurring all around the globe. Tensions in the middle east, China growth or (lack of it), monetary policy and the race to the bottom in the devaluation of world currencies, terrorist groups, a bull market that is getting a bit long in the tooth, global warming, student loan debt bubble Etc.... There is no shortage of things to find if you really want to spend your time worrying or preparing for the end of days.
Don't get me wrong! I am fully aware of all the negative stuff going on around us.
I'm just not wired to worry about those things that I have no control over. I am not going to bury my head in the sand but I am also not going to panic and give into all the fear propaganda that can become overwhelming.
For as long as I have been on this planet there has always been something to be worried about. There has always been something to fear!
Everything it relative and there is always something positive that you can find to focus on even in the worst of situations. Something that can help you overcome the fear.
The ingenuity of the human race and its ability to adapt and survive regardless of conditions is quite remarkable. The advancements in technology and the biotech sectors are amazing.
I truly believe we have the ability to come up with new cures for deadly diseases, eliminate world hunger, develop new forms of alternative energy and someday establish world peace. I think we can do whatever we put our minds too. Nothing is impossible!
The markets will go through rough patches, we will see ups and downs but if you look at our history> its never been smart to bet against us over the long haul. Corrections are to be expected and with those corrections come opportunity.
Keep an eye on gold and miners, Solar's are also worth watching and watch volatility if the sell off intensifies.
Stocks on my radar premarket
Bullish and may have a swing or lottos in play
Cautiously optimistic
Both companies are in the virtual reality space should get some action off CES which is starting the end of the week.Potential 8 roll on VUZI and 9 roll on HIMX
05:29:58pm01/04/16
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13D Filing from GE on Neogenomics Shows 32.9% Stake
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05:39:05pm01/04/16
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Exelixis +11.52% After-Hours @$6.14 Following Announcement of Positive Phase 3 Cabozantinib Trial Results
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4:39 am Mazor Robotics announced Q4 orders for 12 Renaissance systems; anticipates Q4 revenue above consensus (MZOR) :
Co announced that it received orders for a record 12 Renaissance systems in the fourth quarter ended December 31, 2015.
In the US, the Company installed eight systems and internationally, it received purchase orders from its distribution partners for four systems, primarily in Asia. For the 2015 full year the Company received 25 orders, plus one upgrade, for its Renaissance system. This represents a 25% year over year increase compared to 20 systems in 2014.
Breaking out of downward channel looking for an 11 roll and continuation small floater don't chase it look for intraday setup
Thin stock needs to take out 4.50 with conviction its a thing one could give us a decent scalp opp day trade
Held up extremely well in yesterdays carnage hot daily
could be another CES mover looking for a 3 roll
Big pop yesterday and the a guide after the close gapping premarket don't chase it look for intraday setup
4:14:48am01/05/16
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AudioCodes to Acquire Active Communications Europe for $3M in Cash, Plus Up to $2M Additional Based on Attaining Targets
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08:26:40am01/05/16
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BTIG Research Initiates Coverage on Relypsa at Buy, Announces $45.00 PT
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could be another CES mover looking for a 3 roll
06:30:05pm01/04/16
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Smith & Wesson Issues Solid Q3, FY16 Outlook; Shares React
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06:02:51pm01/04/16
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UPDATE: Smith & Wesson Sees Q3 Adj. EPS $0.39-$0.41 vs $0.28 Est.; FY16 Adj. EPS $1.36-$1.41 vs $1.32 Est.
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07:08:05am01/05/16
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BB&T Capital Upgrades Smith & Wesson Holding to Buy
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