“STRESS IN TRADING IS A SIGN THAT SOMETHING IS WRONG.” -JACK SCHWAGER
Good morning
A strong jobs number just hit and equities are up slightly along with the dollar, while oil and gold are both pulling back a bit. Fears of a trade war with our allies will likely continue to weigh on the markets as we continue to chop around and consolidate. There is a lot of conflicting data coming in for economists, traders and investors to digest and try to identify what it all means. On one hand the economy appears to be on solid ground and getting stronger and on the other hand we have inflation fears, trade tensions and geopolitical concerns that could derail the economy.
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Stocks on the radar
Recent IPO 8 trying to hold as support looking for volume and a break over the 8.70 area
Potential red to green all kinds of upgrades with raised PT super small floater play size appropriate
SNAP
'Citron puts a $17 tgt on $SNAP Time to spook shorts who have overstayed their welcome. On Bloomberg TV 2:20 EST to discuss our research' - Citron Research Tweets could be a swing on a pull into the 10.50 11 area
Potential red to green play gapping in premarket they need cash day trade only
YEXT
Yext Sees Q2 Adj. EPS $(0.11)-$(0.13) vs $(0.12) Est., Sales $53M-$54M vs $53.79M Est.; FY19 Adj. EPS $(0.43)-$(0.45) vs $(0.45) Est., Raises Sales Outlook from $224M-$226M to $225M-$227M vs $225.11M Est. more of a swing or long term hold play testing allt ime highs looking to get back in on a pull 14.50 could be the spot
VVUS
Vivus Director Herm Rosenman Buys 50,000 @ Avg Price: $0.79 Potential day trade or higher risk swing play CEO also bought 540k @ .52 recently .64 cent range could be ideal entry gappin in premarket look for setup
PETX
Aratana Therapeutics Files for FDA Approval of NOCITA Label Expansion 50MA bounce getting a little action in premarket look for a bounce off the 200 day around 5.40
Today's Economic Calendar
Auto Sales
8:30 Non-farm payrolls
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
1:00 PM Baker-Hughes Rig Count
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