Good morning
The equities markets are flashing green in premarket while gold and oil are pulling back a bit off a little dollar strength as a result of the UK vote last night.
We have the Fed coming up next week and we are heading into the weekend so some profit taking would not be a shocker if that were to happen. Semiconductors are incredibly hot right now and NVDA is gapping in premarket, if you have had shares and participated in this recent run it would not hurt you to take some profits here as it is getting a bit extended.
Infrastructure and the banks are looking interesting worth keeping an eye on those sectors for some potential continuation.
Do not chase have a plan and know your risk reward for every trade.
Stocks in the video
1. ITI earnings last night could be a swing on a pull to support or day trade on a break over resistance
2. ZIXI potential swing or day trade
3. LAYN potential day trade opp small floater look for a break over 8 with conviction
4. ONCS pr last night potential day trade do not chase
5. DTRM super tiny floater like the daily technical setup but no liquidity could be a higher risk swing or day trade scalp if it has volume
6. ZNGA more of a swing or long term hold on a pull to support HOT sector
7. AREX significant insider buys swing or long term hold consideration tied to oil could see more weakness if oil continues to drop
8. ARTX daily not bad could be a day trade or a swing defense sector is strong and this has an activist involved
9. XENE 10 percent owner buys 300k shares in this area could get a bounce day trade potential
10. LXRX pr ran into the news could set up for a day trade do not chase they need cash
11. KTOS more of a swing recent insider buy by CEO flirting with an 11 roll nice looking daily
12. YTRA super tiny low floater potential swing on a pull to potential price support or higher risk day trade play size appropriate and do not chase it
Jun 9th 2017 Alpha Wolf Trading Free Friday Pre market Prep from Alpha Wolf Trading on Vimeo.
