Welcome To the Pack

WWW.Alphawolftrading.com


Alphawolftrading.com from Alpha Wolf Trading on Vimeo.
Good morning folks, 
I want to introduce you to Alpha Wolf Trading where the goal is simple. I want to compile a passionate group of traders and investors that want to make each other better at what we do every day. 

The video above shares with you the layout of the new site and the features for both free and Pro members. 

I have had hundreds of people contact me over these last several years with the desire to learn how to be better investors or traders. To be honest, most of those people have lacked the will and desire to put in the kind of work it takes to be successful. Most people are just looking for a way to get rich quick without doing a lot of work. Alpha Wolf Trading does not want those people. 

We want people that understand this isn't going to be a get rich quick scheme. This is for people that have a genuine desire to learn. That want to work at their craft striving to become better each and every day. You may find that short term trading isn't for you at all. That is perfectly okay! It doesn't mean you shouldn't invest. The membership is for anyone that wants to know how the stock market works and how they can make it work for themselves.

We had some issues with the new chat room yesterday but those bugs were to be expected when you are rolling out a new service. Hopefully we will have those issues resolved by the end of the week.   

Oil barely managed to hold over 40 dollars a barrel yesterday and that also pulled down some of the energy names along with the ETF's. High yield etf's also saw a bit of a pullback which weighed on the overall markets. If oil  cracks hard below that 40 dollar level it could really become problematic for the overall markets. We still have earnings that will play a key role but there is a tremendous amount of negativity coming from the likes of Icahn, Goldman Sachs and Gundlach when it comes to the current market levels. Gold Silver and the miners were showing impressive strength as many indexes showed some signs that the strength may be wearing out. Throw on top of that the fact that we are heading into August and September which are typically challenging months for the market. It makes sense to be cautious until we have a clear indication of which way we are going to break. 

If the markets do roll over the IBB, SMH and IWM could be hit the hardest along with the energy sector only because they have had such an impressive run. The IBB is close to tagging that 300 dolla holla we talked about in this week s market wrap and if it tags 300 that could wind up acting as significant resistance. Also keep an eye on volatility if the markets do start rolling over for potential day trade opportunities. Need some real fear to take hold but TVIX UVXY are worth watching. Currently we are flashing red premarket lets see if that continues after the open. Japan announced their stimulus package and that could impact the Dollar which had a little bounce yesterday. 
Today's Markets 

In Asia, Japan -1.5% to 16391. Hong Kong closed. China +0.6% to 2971. India -0.1% to 27982.
In Europe, at midday, London -0.4%. Paris -1.4%. Frankfurt -1.4%.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.2%. Crude +0.9% to $40.41. Gold +0.5% to $1366.40.
Ten-year Treasury Yield +5 bps to 1.54%

Today's Economic Calendar

Auto Sales
6:15 PM Fed's Kaplan: Monetary Policy
8:30 Personal Income and Outlays
8:30 Gallup US ECI
8:55 Redbook Chain Store Sales

  ETF's

 Volatility                                                               OIL                                      Biotech

UVXY XIV VXX TVIX                      UWTI DWTI GUSH DRIP USO       LABD IBB LABU  
VMIX VMAX      

 Gold                                SILVER         Dollar                                Financials

GLD NUGT JNUG           USLV             UUP                                 FAS XLF FAZ HYG JNK

Minerals and Miners                   Utilities           RETAIL                    Transportation              

XME GDX GDXJ                      XLU             XRT                         IYT  XTN

DUST JDST  

Agriculture                                  SPY     

DBA, DAG                           SPXS SPXL

STOCKS ON MY RADAR PREMARKET 

*PR = Press Release

AMKR Earnings catching a lil gap on very light volume gapping over 7 trendline break

Don't chase it see if 7 can serve as support for a bounce 

DGLY order pr pennant on the daily tiny floater could get some action sympathy play to TASR which is grinding higher reports earning later this week 

TOPS potential follow through day Super tiny floater do not chase looks for intraday setup and size it accordingly to the amount of risk

SALE earnings small float potential 9 test and 200 ema cross don't chase  trading below book value of 9.67 could be a decent swing candidate 

TRXC CTRV Two low floaters with PR that could get some action for potential scalp

KOOL Pr  thin floater could get a 5 test and cross over the 200 day SMA only 1.6 million shares in the float do not chase

ADXS pr currently halted  off news of collaboration with AMGN Hot daily was on this week's Stocks to watch 

RGNX news small floater  recent IPO could get some action not one to chase

Stocks discussed in this week's Ticker TV 

http://ticker.tv/vegastrader66/579e1d9cf722616455155807