“If you’re prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won’t get bored.” Peter Lynch
Good morning
There has never been a better time to become a member of Alpha Wolf Trading
I am very excited to announce that we have reduced the price on our annual membership to $197.00 a year. That means for just over 50 cents a day you will have access to all my pre market prep and post market wrap videos with stocks to watch for trading and investing ideas, my trade plans for swing and long term investments, a live chat room, a live webinar during trading hours with screen share, 10 hours of educational videos and real time alerts when I execute my swings or long term hold plays. CLICK HERE TO TAKE ADVANTAGE OF THIS INCREDIBLE OFFER.
I may have temporarily lost my mind! I am not sure how long we will keep the membership at this insanely low level so take advantage of this while you can. Learn more about our membership offerings here: https://www.alphawolftrading.com/membership
Fears of a global trade war seem to be subsiding after Peter Navarro appeared on CNBC explaining the Trump administrations position on trade. The most recent economic data released this week also indicates that the economy and wages aren't running rampant and suggests that the fears of runaway inflation were a bit overdone. However a new subpoena from Mueller to the Trump organization gave the markets something new to worry about. There will always be something for the markets to worry about.
Technically we are working off some recent over bought conditions in some choppy consolidation action. We are testing some key moving averages as potential support but for the most part this is just constructive price action and not a significant change in sentiment.
Friday's economic calendar
8:30 Housing Starts
9:15 Industrial Production
10:00 Consumer Sentiment
10:00 Job Openings and Labor Turnover Survey
1:00 PM Baker-Hughes Rig Count
Come Join us for our open mic live chat with screen share for the trading day here https://join.me/429-076-790
Stocks on watch this morning in todays Free Friday Pr market Prep
- AMPE provided corporate update daily is coiling up potential day trade or higher risk swing look for some volume
- CATB very thin stock testing long term trend line after consolidating flirting with a 2 roll Do not chase will likely need to raise cash soon day trade potential with volume
- HWCC more of a swing or long term hold >activist investor involved there reported earnings with a beat this morning sitting on potential price support Thin floater do not chase higher risk because of tiny float
- QBAK earnings super tiny floater could be a day trade with volume or a higher risk swing because of the low volume and lack of liquidity Do not chase
- AMRS earnings beat gapper look for a pull to potential price support and bounce Small floater 6. to 6.50 could be ideal for support
- OSTK looking for potential support and bounce off 200 day potential day trade or higher risk swing off nice round number of 40 dolla holla if it holds
- PFSW earning beat but very thin stock only traded 15k shares yesterday flirting with an 8 roll looks great however we need some volume to trade it
- OPTT low floater can be a pop and flopper do not chase day trade only reported earnings after the close
- AUPH earnings worth watching for potential day trade looking for a 6 roll and break over the 200 day with conviction
- KODK gapping off earnings do not chase look for intra day set up smaller float look for pull to the 5.60 area for potential bounce play
- CBAY bounce off the 50 day flirting with 13 roll premarket after earnings small floater potential day trade
- JBL earnings beat taking out the 200 day in premarket could be a swing or day trade opp look for pull to potential support for a bounce
- ADBE gapper long term hold consideration on a pull back
- PFNX earnings beat already ran into earnings right at resistance on the daily thin stock look for a pull to 4.50 area for potential support bounce
March 16 Free Friday Pro Pre Market Prep from Alpha Wolf Trading on Vimeo.
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