Good morning
We are heading into a long weekend and the equities markets are pulling back just a tad after a nice 6 day run. Oil is pulling just a tad as gold is flashing green in premarket. It is not a shocker to see the markets take a breather here as it should be expected to see some profit taking into a long weekend where anything could happen geopolitically. This continues to be one of the most under appreciated bull markets I have ever seen in my lifetime. I have no idea ho much longer it will last but there is no doubt that the bulls are firmly in control. Earnings season was impressive for the most part and next week we have the ASCO conference coming up so the biotech sector could start heating up as we head into that event. I am sure there will be both good and bad news coming out of the event so it could be pretty volatile and there will likely be opportunities for both longs and shorts.
Keep an eye out for this weekends blog post on How I lost 80k in one stock and what I learned.
Best of Success trading. Have a great weekend. Be safe and have fun.
- IPI insider buys @ 2.30 potential long term hold or swing nice daily setup technically >turn around story
- GEO pr more of a swing type or long term hold would want it on a pull to support
- ZSAN insider buys potential swing or day trade opp a bit more risky but sitting right on the 200 day nice tight consolidation
- SALT potential 200 day bounce could be a day trade or swing type on a trendline break
- CLNE insider buys in this area potential bounce play could be a higher risk swing or day trade opp with volume
- MRVL good earnings but ran into this report could be a great long term hold or swing on a pull to support around 15.50
- ADRO nice looking daily presenting at ASCO next week probably need to wait till after the event consolidating nicely
- BDSI nice looking daily but lots of insider sells and they are in need of cash day trade only on a short term trendline break
- EGHT potential swing or day trade if it pulls to 12.50 or s could be a good swing entry and a break over 14.50 could get some follow through may set up intraday for a scalp trade
May 26th 2017 Stocks To Watch Alpha Wolf Trading Pre Market Prerp from Alpha Wolf Trading on Vimeo.
