Good morning
The markets had a nice bounce yesterday and some sectors that were approaching key levels of support made a nice reversal over the last couple of days. Financial, Semis, transports and the IWM all had nice bullish bounce moves. Oil, energy, gold and the miners took a pause along with volatility. Energy and oil have been one of the weakest sectors out there and there doesn't appear to be anything on the horizon to change that. Retail even participated in the rally but that is without a doubt my least favorite sector.
Biotech and healthcare have held up really well over the last few weeks and next week will be big for biotech's as we get earnings from a number of the major players in the space. Steel caught a nice bounce off of yesterdays executive order from President Trump and I would be looking for that strength to continue.
However, is is Friday and we still have several geopolitical concerns including a big election in France where another tragic terrorist event took place yesterday so it would not be surprising if we were to see some profit taking heading into the weekend.
Have a plan, know your risk reward and do not chase. Best of Success.
- GE earnings beat more of a long term hold ideal entry to start building a position as close to 29 entry as possible
- SQ nice looking daily could get some action off V earnings has earnings coming up short term swing opp potential or day trade scalp if it get some good volume
- X and AKS potential continuation plays swing on a pull back to support or red to green scalps day trades
- VBLT lil gapper off news testing a 6 roll small floater do not chase
- SSH insider buy 100k shares .89 cents do not chase potential day trade opp just did an offering of 1.6 million shares priced at 1.00
- IDRA decent looking daily worth watching for day trade
- LPTH potential continuation decent looking daily positive news flow lately day trade or swing on a flag breakout
- AUPH pr after the close and an upgrade tight looking daily potential day trade opp with volume
- IMGN potential continuation
- CNAT Press release decent looking daily potential 8 test and roll
- CEMP potential day trade opp active pre market
- INUV gapper not sure why but worth watching for day trade opp
April 21 Free Friday Pre market Prep from Alpha Wolf Trading on Vimeo.
Have a great weekend be safe and have fun!
