Monday, February 1, 2016

We Need Obstacles


Good morning folks, 
The factory numbers out of China hit a 3 year low which leads to speculation they will have to do more monetary easing or some other form of economic stimulus. The markets are reacting negatively to the news and we are looking at a weak open. I have not changed my view for the week and its not really surprising to see some profit taking after Friday's big move. 

If you missed this weeks stocks to watch video it is on the right side of this page in the Ticker Tv section. 
My focus ETF & ETN List
Volatility                            Oil                                             Biotech
UVXY XIV TVIX     UWTI DWTI GUSH DRIP                     IBB LABU LABD       
 Gold                                                                     Dollar 
GLD NUGT JNUG DUST JDST  GDX GDXJ              UUP 


A couple stocks that caught my eye premarket 

04:12:55am02/01/16
+
Trovagene Announces Agreement with FedMed
Nice pull after the big pop> gapping premarket look for an intraday setup 

07:33:54am02/01/16
+
Mast Therapeutics Reports Top-Line Phase 2a Results, AIR001 Showed Statistically Significant Improvement From Primary Endpoint With No Adverse Events
I was asked about this stock this weekend and technically I didn't see a clean setup but this news could be what the stock was waiting for >its a penny Biotech so caution is advised but it could get a nice pop> Burning through cash likely going to need to raise at some point
08:03:27am02/01/16
+
Twitter Up For Sale? Shares Spike Amid Report Marc Andreessen, Silver Lake 'Have Considered Some Sort Of Deal'
Just speculation could be a pop and flopper Gapping premarket could set up intraday 




No comments:

Post a Comment