Equities have been in consolidation mode for several sectors and indexes this week. We are not seeing a lot of range as earnings season continues to roll on. Next week should be more eventful in terms of big names reporting. One sector that appears to be attempting to break out of a range is the semiconductors after a few good earnings reports came in Wed after the close from several names in the space. However, Intel reported disappointing numbers yesterday after the close and NVDA And AMD were pulling back in sympathy with INTC. Lets see how we close out the week and whether or not the market views INTC problems as their own and not a reflection of the overall semiconductor space. This remains a time of caution and equities remain guilty till proven innocent. Play size appropriate .. do not chase and always know your risk reward.
Equities are gapping slightly higher in premarket with oil and gold also up just a tad.
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Cowen & Co. Upgrades Triumph Group to Outperform, Raises Price Target to $22
Triumph Group, Inc. surged 26 percent to close at $16.72 on Thursday after the company entered an agreement to sell its Global 7500 wing manufacturing unit to Bombardier.
Eton Pharmaceuticals Announces Licensing Of Oral Liquid Product Candidate ET-104 recent IPO trades extremely thin gapping do not chase look for volume to even consider a trade
$IVC flirting with a 50 day MA and 5 roll small float high short interest 4.00 4.50 range for potential swing entry insider buys over 5 could get a red to green follow through day for a day trade opp
$FNKO flirting with a 17 roll nice looking setup on the daily has earnings coming up could I don't like the death cross on the daily but this could get a red to green move there is a gap to fill up to the 19.50 range
New product launch bear flag on the daily 4 could be potential area of price support 4.10-4.50 area could be a swing entry with 3.90 as a stop smaller float with insider buys over 5 new management team higher risk play
$ICLK decent looking daily flirting with a 4 roll 3.20-3.65 could be considered for a swing entry area potential flat top break out
$OSTK January 24, 2019
Overstock Reports Its tZERO Security Tokens Begin Live Trade Potential red to green
January 18, 2019
Siebert Group To Be Broker For Overstock's tZERO small float 12 looks to be acting as potential price support
Biocept 13G From Empery Asset Mgmt. Shows New 5.78% Stake decent looking daily potential day trade opp they likely need to raise cash
Oppenheimer Initiates Coverage On Yext with Outperform Rating, Announces $23 Price Target more of a long term hold consideration could be in an interesting area for entry
Koss Q2 EPS $0.02 Up From $(0.40) YoY, Sales $5.41M Down From $5.883M YoY super thin trader can get some range with volume just a potential scalp opp > do not chase