"To win in the markets, we need to master three essential components of trading: sound psychology, a logical trading system, and an effective risk management plan." Alexander Elder
Good morning
Fears of a trade war with China could be elevated today as the Trump administration is set to unveil a tariff list targeting 50b of China goods while China has vowed a swift retaliation. Equities, gold, oil and the dollar are all slightly lower in premarket.
Recent IPO's have been on fire lately with stocks like IQ HUYA BILI & PVTL having some huge runs. There could more action in the recent IPO space make sure you are playing them size appropriate, do not chase and always have a plan for your trade before entering. For some reason I could not pull up the charts on Finviz but keep an eye on HJLI & ROAD
TXMD JP Morgan Initiates Coverage On TherapeuticsMD with Overweight Rating, Announces $11 Price Target bounce play off the 20 day and 6.50 Price support
NITE Nightstar Therapeutics Shares Up 17.8% After Co. Received Regenerative Medicine Advanced Therapy (RMAT) Designation From FDA For NSR-REP1 In Choroideremia Nice flat top break out yesterday potnetial red to green play with volume
Potential snap back play after a high volume sell off at the end of the day Full disclosure I took a small position @ 2.02 The company could raise capital soon but it looks like there was confirmation of a 950 truck order from UPS
Low float IPO testing all time highs not seeing any significant news but this is the type of stock that has been running lately Do not chase and if you play them make sure to play them size appropriate
Great looking setup on the daily could be a swing opportunity Ideally I would have liked an entry closer to the 2 dolla holla and 50 day support Could see a red to green 2.30 -2.35 could be a decent entry spot looking for a 3 test
Recent IPO that could get a red to green looking for a 14 roll just a day trade opp with volume
T AT&T Says It Could Close Time Warner Transaction As Early As This Week, Says It Will Manage Turner Networks As Part Of Separate Business Unit I like this for a long term hold IRA play looking to take a starter in the 32 area pays a nice dividend
Today's Economic Calendar
8:30 Empire State Mfg Survey
9:15 Industrial Production
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
4:00 PM Treasury International Capital
