Good morning all Feb 24th 2017 Free Friday Pre Market Prep from Alpha Wolf Trading on Vimeo.
Markets are showing some weakness and that could lead to the pullback that many have been waiting for. Gold is showing strength this morning while oil is basically flat and the markets flashing red. Semiconductors took a hit yesterday as NVDA caught a downgrade and a price target cut to somewhere between 75 and 100. That has been one of the strongest sectors and one of the pillars holding these markets up. If that starts to crack and crumble it could bring down the tech sector and that could lead to other weaknesses developing across the markets. I am not suggesting an impending crash but a 5 to 10 percent pull would not be a terrible thing to have happen.
*1. JNUG and NUGT worth watching for day trade opps
2. TVIX UVXY looks like there has been a lot of accumulation in these lately
3. AAOI earnings beat and gapper approaching all time highs don't chase it will be battling the sector
4. GEO and CXW roll back on phasing them out with the new administration they have already had a very nice run could already be priced in
5. GSAT earnings out and an upgrade this morning thick stock could be more of a Speculative swing or long term hold
6. PULM potential continuation play day trade
7. MTZ earnings beat nice daily and weekly could be a day trade or swing on a pullback LOTS of Debt And could use more cash in the bank
8. DYN potential swing or long term hold Could have a double bottom on the weekly
9. CYD china name contract news really like the weekly chart > pays a dividend considering for a swing or long term hold flirting with a 15 roll
10. CEMP gapper off Phase 3 news gaps to fill on the daily could be a day trade and lotto swing candidate
11. AXDX gapper off FDA news pulling back premarket look for potential bounce play off support Day trade
DO NOT CHASE!
HAVE A PLAN!
KNOW YOUR RISK REWARD!
BEST OF SUCCESS!
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I really enjoyed this interview and find the Investfeed service to be one of the best feeds out there. No trolls or spam just great content. Hope you find it worth your time I look forward to doing another in the future.
