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June 20th 2018 Proi Pre market Prep



"The very best way to make money in a market is in a small growth company that has been profitable for a couple of years and simply goes on growing." Peter Lynch

Good morning
Equities are gapping up in premarket as dollar strength continues while gold and oil are both slightly lower.

Canada has legalized cannabis and the speculative cannabis space could be in play. Keep in mind that the valuations on many of the cannabis plays are richly valued already. They may have a low stock price but they are by no means cheap stocks or undervalued. If you are going to be active in the space, trade size appropriate and do some due diligence before you go jumping into anything.

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GE has been booted from the DOW and this could be getting close to capitulation I May look to add to my long term hold if it has a significant drop I would love to get it at 10 or lower but that may be wishful thinking we may get a double bottom bounce from the 12.70 area


BLPH has a presentation today and could get some action it has already had a nice move being up 17 percent on the week so if the news is just average it may be a sell the news event If the news is really strong we could see a 3 roll


BOX nice looking daily trying to take out the 28 dolla holla 26 seems to be trying to hold as support and could be an attractive entry point for a swing, A break over 28.50 with volume could present a day trade opp over 29 and it is in blue sky all time highs


CLBS Caladrius Biosciences Shares Up 20.5% After Co.'s CD34+ Cell Therapy Program Received FDA Regenerative Medicine Advanced Therapy Designation For Treating Refractory Angina huge mover yesterday off that news and it is gapping up again today may present a red to green scalp opp After a move like this I would expect them to raise cash soon


CLSN popped yesterday small floater and can be a pop and flopper had a nice volume surge could get some follow through I did not see any specific news to justify the move they need cash day trade only do not chase


CRY good looking daily has had a very nice run overbought may need time to consolidate but a break over 29 could be a nice day trade a pull to the 50 day could be a bounce play


NEPT Neptune Technologies & Bioressources Shares Up 26.9% After Co. Earlier Signed Multi-Year Agreement With Canopy Growth To Provide Extracted Cannabis Products full disclosure I took a starter yesterday @ 3.05 if it were to pull back to 2.70-3 area I may add. Could be a short term swing first target 4.40 second target 6


VUZI Vuzix Option Alert: Jan 18 $10 Calls Sweep (22) below Bid!: 1409 @ $0.557 vs 139 OI; Earnings 8/8 Before Open [est] Ref=$6.85
nice daily insider buys in the 6 range held up well in a weak tape small floater looking at it as a higher risk swing I like the space they are in could be a trade on a break over 7.50 could be a swing on a pull to potential support 5.50-6.50

Today's Economic Calendar
7:00 MBA Mortgage Applications
8:30 Current Account
9:30 Jerome Powell: “Monetary Policy at a Time of Uncertainty and Tight Labor Markets”
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories