Alpha Wolf Capital : Turnaround Tuesday?

Hey there folks,
We are flashing green this morning premarket. If you have been following me for awhile you will know that gap up days are my least favorite type of days in the market. I was hoping for a gap down and reversal which would have been perfect for some snap back setups. It is nice to see some green on the screens however, if we have entered a new trend of sell the rips then as a long biased trader gap up days can make it very challenging to find ideal intraday setups.

I know this weeks market wrap video was a bit of a downer but I also suggested we could be looking at a viscous snap back. There is a lot of technical damage that has been done and it will take some time for that to be repaired. This gap up does not change my opinion or my plan. I will remain focused on very short term swings and primarily scalps.

I just went and saw the movie "The Revenant" and scalps is forcing me to think about it.

In one word, the movie was>>> AWESOME!! If you think your life is though, go see that movie. It was extremely violent and intensely graphic but it was inspiring to see what people are capable of overcoming.

My plan is also to continue watching XIV UVXY TVIX UWTI for trading opportunities.

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 ..

6:30 am IDI provides business update, expects strong growth during 2016 (IDI) :

In conjunction with its recent SEC filings, the co provided a business update saying it Operating cash flow has been positive since the closing of the Fluent acquisition.'Recent insider purchases by members of Board and Management show continued confidence in business strategy and execution.' Establishment of a facility of up to 5 million common shares for additional financial flexibility should the Company choose to exercise it in the future for certain growth initiatives. The Company has no present intention of accessing this facility at current levels.Development of Company's risk management platform, idiCORE, continues through BETA release phase; currently on schedule for full market release in early 2016. Wholly-owned subsidiary Fluent looks to continue strong YOY revenue growth (previously more than 100% from Q3 2014 to Q3 2015).

Potential snap back play bounce off five support