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Nov 17th Pre Market Prep With stocks to Watch for trading & investing



Good morning
It has been a wild week where equities were looking they could be heading for a long overdue correction. Several sectors had broken below key moving averages and potential price support areas. It was starting to look like the buy the dippers had decided to stay on the sidelines and the shorts may finally have the markets right where they wanted them. Tax reform was starting to look like it did not have a chance in Hades of getting done in Washington and the markets were reacting accordingly. Yesterday that changed with a version of the potential tax reform bill getting passed through a house vote. The markets had a nice bounce off that news but we have also have had some great earnings this quarter and that helps. Walmart reported strong earnings before the open and that gave the Dow a nice boost.

Low float mania has been all the rage this week and could continue next week as we head into the Thanksgiving holiday. Be careful out there with these type of plays you have to make sure you play them size appropriate and have a well defined plan for your trade.
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Stocks to watch today

  1. VUZI Potential swing or long term hold consideration recent insider buys in this are around 6
  2. EGLT Gapper off pr late yesterday. can be a pop and flopper already did an offering with warrants priced 1.80 potential day trade opp look for red to green
  3. NGVC earnings gapper ugly daily potential day trade opp GNC < insider buys & VIPS potential sympathy plays
  4. SKIS Like the daily thin one had pr could get some play it is the season for skiing potential day trade or high risk swing because of the small float
  5. HEAR insider buy >potential day trade could have to do a reverse split to stay listed
  6. METC Insider buys potential snap back play day trade do not chase
  7. XGTI pr of order potential day trade opp look for volume gapping look for support around 1.60 for potential entry
  8. TSLA Event last night gapping this morning fairly small float big short interest could get squeezy do not chase look for a setup
  9. LQMT Bounced off potential price support yesterday high risk swing or LT hold Ideal entry would be in the teens
  10. NXTD Fluffy pr gapping a little this morning do not chase it potential scalp opp
  11. SPLK Earnings beat gapper look for a pull to 74 or so for potential support swing or LT hold entry could also be a day trade opp with an intraday setup
    12 NVFY earnings gapper can have some nice runs < do not chase but could set up intraday for a scalp
  12. DCIX TOPS SHIP shippers getting some action premarket do not chase and play size appropriate
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Today's Markets
In Asia, Japan +0.2%. Hong Kong +0.6%. China -0.5%. India +0.7%.
In Europe, at midday, London -0.1%. Paris flat. Frankfurt flat.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq +0.1%. Crude +1.5% to $56.16. Gold +0.4% to $1283.40. Bitcoin +0.5% to $7882.
Ten-year Treasury Yield flat at 2.36%

Today's Economic Calendar
8:30 Housing Starts
10:00 E-Commerce Retail Sales
11:00 Kansas City Fed Mfg Survey
1:00 PM Baker-Hughes Rig Count