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June 23 2017 Free Friday Pre market Prep



Good morning
We had a fairly flat day in the markets yesterday in most sectors with the exception of health care and the IBB which had impressive moves higher taking the health care ETF to fresh all time highs and the IBB convincingly above that 300 mark. There is no doubt that were were seeing some sector rotation of money flow. It is nice to see and we could see more of it in the coming weeks ahead. However, we have had a very sharp move higher in a short period of time with the IBB having a candle completely out of the upper bollinger band, on a Friday heading into the weekend with a russell re balancing which will likely create some high volume today.

It would not be a huge surprise if we were to take a pause or even have a bit of some profit taking and a pull back in the red hot sectors. It could be a choppy day ahead so be careful.

Steel names caught a few upgrades this morning, while home builders received some mixed coverage. Shippers could be worth watching for potential bounce.

Do not chase, have a plan, know your risk reward and play size appropriate.
Good luck and best of Success always

  1. BDSI pr already had a move into this news do not chase
  2. BBRY reported earnings and had a slight miss the stock already had a nice move recently thick stock potential swing on a pull to support announced a company share buyback but I do not see that as a reason to rush into the stock its thick and could fill the gap on the daily
  3. CARA gapping off pr already had a big move do not chase could set up intraday for a scalp and lotto hold

  4. TROV potential day trade do not chase likely resistance @ 1.50

  5. NEOS potential bounce spot on the daily day trade or high risk swing need volume

  6. ADMP watching for potential follow through do not chase could be a day trade and lotto swing opp

  7. INSG potential day trade or swing on a pull to support

  8. VVUS potential bounce spot on the daily insider buys in this range day trade opp on a trend line break with volume

  9. SNCR gapper off buyout offer could set up intraday

  10. ATRS love the daily potential 3 roll upgraded by two firms with a 5 PT

  11. AVEO gapper off pr look for intraday setup potential day trade

  12. ATXI IPO could be worth watching

  13. TK SALT NAT NAO shippers to keep an eye on > do not chase

  14. HCLP upgrade with 17 target could be at a bounce spot on the daily

  15. YEXT recent IPO potential day trade or high risk swing on pull to support

  16. OCLR nice daily rumor of buyout offer @ 12 also got a PT increase to 14 could be a swing or day trade off intraday setup and good volume

  17. KPTI pr potential 10 test and roll

  18. ZSAN potential day trade on a break over 1.50 with authority

June 23 2017 Free Friday Pre market Prep from Alpha Wolf Trading on Vimeo.