Good morning
It could be a choppy wild day with triple with expiration today. We are looking at a potentially higher open as The NASDAQ and S&P are both flashing green in premarket. Gold and oil are also getting a little bounce in premarket with the dollar just slightly red.
Tech has had a rough week and there appears to be some sector rotation going on so it would be prudent to be patient before taking new swing or long term hold positions in that space. The SMH and Tech in general have had an amazing run and a pull back will create buying opportunities. Be patient and wait for better entries or confirmation that the pullback has ended.
The IBB and IWM have had a constructive week as they consolidate. The specialty generic drug names are getting a group of analysts coming out and upgrading some names in the space and it is one of the most beaten up sectors out there so we could get a little lift there.
Be careful out there make sure you have a plan, do not chase, know your risk reward and play size appropriate. Best of success always.
I forgot to add AUPH to the video had news this morning gapping a bit could set up for a day trade
Stocks in this mornings video
1. ADMP potential red to green or continuation move day trade opp with potential for lotto swing
2. MYO recent IPO very thin low floater could get whacky day trade gapper potential red to green or continuation day trade play size appropriate
3. CLSN gapper DO NOT CHASE chronic pop and flopper they still need cash even though they pulled their offering
4. APPS earnings turn around story full disclosure I have lottos in this I am looking to add to the position
5. SRNE recent insider buys significant amount of shares in this area its already up 3 days in a row and testing the 50 SMA could be a day trade on a 2 test and roll or a high risk swing on a pull to 1.70 1.60 range
6. VTL potential 3 roll and long term trend line break insider buys possible day trade or high risk swing
7. TWTR potential swing or long term hold on a pull to 16 for a starter and 15 for potential add CEO bought 500k @ 16.50
8. BDSI like the daily setup if the IBB can break over 300 with conviction this could get some nice action
9. NYMX insider buys in this are good looking daily clearly defined area of price support potential day trade opp or higher risk swing
10. VRX TEVA HZNP ENDP *ZTS (Best looking and strongest chart) Sector catching some upgrades thicker stocks potential day trade or swing opp
11. X and AKS option action yesterday potential swing opps but may be better to wait until next week to look for entry STLD just reported and missed
12. CYRX upgraded with a 5.50 PT its up several days in a row do not chase but could set up for a scalp opp
June 16th 2017 Alpha Wolf Trading Free Friday Premarket Prep from Alpha Wolf Trading on Vimeo.
