Good morning
I have to go meet someone this morning I will not be in the chat for the open. I will be in as soon as I can.
Here is the Join me link for the live session. https://join.me/377-387-676
Equities are seeing some pressure in premarket the dollar broke out over resistance and it is up in premarket. That could put pressure on the big multinationals and industrials. Gold and oil are both slightly lower in premarket.
Equities selling pressure is picking up in premarket keep an eye on TVIX UVXY TZA
Nearing a potential area of support for a starter long term hold position watching the 166 165 area for potential toe dip a pull to 150 would be even better ;)
BIOL
Biolase Director Jonathan Lord Buys 100,000 @ Avg Price: $1.31- Recent reverse split tiny floater potential higher risk swing on pull to that price range or day trade with volume
BRQS
Borqs Technologies Q2 EPS $0.06 Beats Breakeven Estimate, Sales $56.34M Misses $63.4M Est.
Borqs Technologies Sees FY18 Net Income $4M-$6M, Sales $195M-$215M Very thin trader potential double bottom play need volume to even consider it do not chase
Constellation Brands To Invest $4B In Canopy Growth To Establish Transformative Global Position And Alignment CGC gapping and TLRY potential sympathy play off this news .. The whole space could catch a lift off this news
PETQ
PetIQ Q2 EPS $0.16 Misses $0.38 Estimate, Sales $171.142M Beat $148.44M Estimate
PETQ spiking up 2.0% to a high of 32.5 on high volume gapping off big revenue beat testing all time highs could small floater could be a day trade or a swing on pull to support
SORL
SORL Auto Parts Q2 EPS $0.35 Beats $0.29 Estimate, Sales $128.505M Beat $106.44M Estimate
SORL Auto Parts Reiterates FY18 Outlook; Sees FY18 Sales $480M vs $451.57M Est. China name has had some nice runs in the past could be a swing opp look for clean entry near potential price support
ELMD
Electromed, Inc. Announces Results Of an Independent Clinical Study: Bronchiectasis Exacerbations Reduced, Lung Function Stabilized With SmartVest another very thin trader look for volume for potential day trade size appropriate
ZEAL
Zealand Announces an 85% increase in Soliqua 100/33/ Suliqua Royalty Revenue in Q2 vs Q1 flirting with 14 roll trades extremely thin need volume to even consider it do not chase if you play it play it size appropriate
CMG
Morgan Stanley Upgrades Chipotle Mexican Grill to Overweight, Raises Price Target to $600 Small floater gappin in premarket flirting with 500 roll
MAGS
Magal Security Systems Q2 EPS $0.07 Up From $(0.14) YoY, Sales $25.348M Up From $13.254M YoY
Another small floater that trades thin potential day trade with volume do not chase
