Good morning
Even with a disappointing guide from AAPL equity futures are up slightly in premarket. As of now, the bounce we have seen this week after the horrendous October appears it may have some sustainability. The positive tweet from President Trump yesterday on trade with China gave the markets a lift and if that tone remains in tact heading into the G20 meeting equities could continue to benefit. The jobs number hits this morning and there will be a lot of focus on average hourly earnings looking for signs of wage inflation. If it comes in too hot the concerns of an overly aggressive hawkish Fed may come back into play and that could put some pressure on equities.
This is the third day of the bounce for the markets and it is Friday so it would not be a total shock if we were to see some profit taking heading into the weekend. We may be seeing the beginning of a nice rally but that doesn't mean there won't be a pause or pull back in equities.
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Click here for the charts of the stocks listed below
$INSY INSYS Therapeutics Announces Results of PK Study Assessing Proprietary Intranasal Naloxone Formulations versus Intramuscular and Intravenous Naloxone for Opioid Overdose it is the 3rd day of the move flirting with 9 could set up intra day potential red to green 8.-8.50 could be ideal entry area for potential support bounce
$UUUU I like the daily could be a short term swing earnings are in 2 weeks ideal entry in the 2.75 3.00 range small float
$SLS
SELLAS Life Sciences shares are up 46.3% after analysts at Oppenheimer initiated coverage on the stock with an 'Outperform' rating and $13 price target; The European Commission recently granted Orphan Drug Status to the SELLAS's Galinpepimuts. Potential red to green day trade opp 1.35 -1.50 area could be ideal entry
$EYES lots of insider buys in this area 1.50 seems to be acting as support could be worth a look for a day trade or high risk swing
$ATRS earnings next week love the look of the daily 2.50-3.00 area could be ideal entry area I am considering taking a lotto starter into earnings recognizing the risk CFO recently bought shares 130k 2.79 per share
$UXIN Recent IPO flirting with a 6 roll and the 50 day tiny floater could be a day trade opp with volume looking for a red to green
$PBI
Pitney Bowes shares are up 17.5% after the company beat Q3 EPS estimates and raised its FY20 EPS guidance. Potential red to green play could be a day trade or a swing or long term hold consideration on a pull to 6.90-7.45 area
$VHI bottoming pattern had a little bounce yesterday may be worth watching for a red to green could be a swing play closer to potential 2 support
$BDSI Love the daily earnings next week flirting with a 4 roll could be a day trade or swing heading into earnings but I would not hold through unless it is just a lotto position
$TROV some insider buys in the .80 cent range could be a day trade opp it has a tendency to pop and flop and they continually dilute shareholders primarily a day trade if you take it for a swing recognize the risk of dilution and a potential reverse split
$HUYA $IQ $BZUN $BILI $SOGO $JD $BABA
BABA reported earnings and the stock is pulling back but these names have been taken out to the woodshed and could benefit from a more positive tone on trade these could be day trade or swing trade considerations that are worth watching
