"The most important rule is to play great defense, not great offense. Everyday I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum drawdown. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out" Paul Tudor Jones
Good morning
Equities are getting some follow through in premarket from yesterdays rise taking the IWM and Nasdaq to all time highs. Biotech struggled even with what seemed like a lot of positive news in the space. Gold and oil are down slightly in pre market while the dollar is up just slightly.
Recent IPO already reported strong earnings a couple weeks ago breaking out potential red to green play could be a swing or potentially a day trade opp
Did an offering which priced at 7.50 per share, setting up on the daily potential day trade opp with volume break over 9
Nice move yesterday could get a potential red to green move flirting with a 15 roll smaller floater looking for potential support around 14.50
Potential higher risk swing or day trade opp had a nice volume pop yesterday could look for a red to green entry around 2.17 tiny floater do not chase can be a pop and flopper
Could be putting in a bottom Big volume day with reversal candle on Friday this is a turn around story with a whole new management and board team small floater could be a high risk long term play may have some resistance around 2 and test the recent low for a double bottom bounce
Potential snap back play after yesterdays sell off Insider buys at this level last year
Recent IPO possible flat top breakout small float China name could be a high risk swing or day trade op with high volume break over 6.50
GHDX
Genomic Health Shares Up 22.1% After Co. On Sunday Reported TAILORx Which Demonstrated Oncotype DX Breast Recurrence Score Test Definitively Identifies 70% Of Women with Early-Stage Breast Cancer Who Receive No Benefit From Chemotherapy could get a red to green follow through day small floater testing all time highs could do a capital raise soon
Nice mover yesterday on good volume on no news right into potential price resistance looking for a potential red to green move 4 test and roll
Twitter To Join S&P 500 gapper off the news could be a swing or long term hold on a pull to potential price support
Potential continuation and sympathy play to TWTR
