Good morning
We are awaiting GDP numbers and that could set the tone for the markets today. We had some decent earnings out of the tech world last night with mixed reactions on the stocks that reported. INTC MSFT AMZN GOOGL and this morning we got a big Q3 cut out of QCOM so we could see some choppy action in the tech space.
Keep an eye on gold and the miners which are flashing green in premarket. Oil is also flashing green as we get some numbers out of a few of the majors in the space like XOM which is popping in premarket off their report. If oil continues to rise we could see that space get some follow through. We have the rig count later today and rumors of an executive order to expand America first offshore drilling.
Its Friday after a nice move higher in the markets this week it would not be shocking to see some profit taking heading into the weekend. Be careful out there, do not chase, have a plan and know your risk reward before taking any trade.
Have a wonderful weekend I will be back sometime this weekend with next weeks market wrap and stocks to watch video so be on the lookout.
IPO's Today NSCM CLDR CNVA ZYME
- BLDP another news release lite on financial specifics they like the chart but they report earnings Monday and FCEL who typically runs in sympathy did an offering after the close yesterday. Could be a day trade with a small lotto swing into earnings if you locked some good profit or just a day trade depending on your risk appetite
- VDSI potential 14 test and roll off earnings also a trendline break however it had a nice bounce into the earnings. Could be a swing on a pull to 12 support
- MITK nice daily chart reported after the close last night potential day trade of swing
- MDXG earnings this morning potential day trade or swing
- GM thick stock decent earnings but the space is under pressure more of a long term hold type play
- CY earnings beat thicker stock more of a swing or long term hold type.
April 28th 2017 Free Friday Premarket Prep from Alpha Wolf Trading on Vimeo.
