Good morning
Equities set a record on Wednesday with the 1000 point move higher but it was yesterdays action that really impressed me and could be the type of action to indicate we are trying to find some sort of bottom. Equities were looking like they were going to give up all the gains from Wed with the Dow down over 600 points, then without warning there was a powerful reversal and equities came roaring back to close out the day in the green. The markets remain guilty until proven innocent and it is important to recognize that bounces will be swift and dramatic the more oversold equities become but that does not mean the trend lower is over. There is a lot of work that needs to be done before we can declare being out of the market decline or the bear market in some sectors. It looks like we are going to have a gap up day this morning as equities are up in premarket signaling strong gains. Lets see if the gains hold or if we have another volatile day with dramatic swings in both directions. Gap up days can be very challenging make sure you have a plan and play size appropriate for the kind of market we are in.
$YEXT nice sized insider buy in the 13.35 range like this as more of a long term hold or swing play would like to get it in the same range as the insider
$ABIL rose 33.3 percent to $2.36 in pre-market trading after the company disclosed that its $1.5 million outstanding line of credit with an Israeli Bank will be repaid. Low floater could set up for intra day trade
$APHA rose 16.6 percent to $6.48 in pre-market trading amid rumors that Green Growth Brands is said to plan a hostile offer for the company. Potential day trade opp do not chase the whole sector has been struggling
$CHK full disclosure I took a starter ion this name @ 1.87 thick stock more of a long term hold play recent significant insider buys in the middle of a acquisition of $WRD I think it will be a long term positive for CHK looking to build out the position under 2
