“Behind every stock is a company. Find out what it’s doing.” – Peter Lynch
Good morning
After yesterdays impressive bounce equities are basically flat in premarket. the dollar is up while gold and oil are down slightly. We are waiting on several earnings reports from the likes of JPM WFC CITI and that could set the tone for todays action. There are a lot of good looking technical setups out there in multiple sectors with stocks that have been in consolidation mode. Earnings season is kicking off and that will likely provide the catalyst to determine which direction those setups break in.
Nice looking setup on the daily could be a day trade with volume on a break over 5.60 looking for a 6 test potential red to green 5.25-5.40 entry increased volume yesterday
PIXY ShiftPixy Shares Up 6.9% After Co. Issued Upbeat Guidance Including 102.6% YoY Sales Growth In Q3 gapping into potential price resistance off earnings tiny floater could set up intra day but it tends to pop and flop
Nice looking setup on the daily > tech has been a strong sector could present a trade opp with volume looking for 62 test and roll possible red to green with an entry close to 60
Both of these have good looking daily setups the solar space could get some follow through potential day trade opps with volume JASO and ENPH also worth keeping an eye on
VRAY has already had a nice run however could get a red to green 9 test and roll
Several recent contract award announcements this on hit last night July 12, 2018 1:03:05pm GLDD
Great Lakes Announces Receipt Of $70M Award On San Jacinto River In TX recent golden cross on the daily could be more of a swing play
FLNT Block Trade: FLNT 500,000 @ $2.375 full disclosure I have a small starter in this one there has been significant insider buys could be sitting on potential price support for a bounce potential day trade opp or higher risk swing
VSTM
BTIG Research Initiates Coverage On Verastem with Buy Rating, Announces $17 Price Target Flirting with an 8 roll nice upward trend potential day trade or swing on pull to support
Today's Economic Calendar
8:30 Import/Export Prices
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
Fed to release semiannual monetary policy statement
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