Good morning
We get core CPI data this morning which could shed some light on any potential inflationary pressures for the longer term. Financial stocks remain in focus for wall street as more earnings roll in this morning from BAC and WFC.
Equities are slightly higher as the bulls appear to maintain control while markets test new all time highs on a daily basis. The dollar and gold are flat as oil is showing some strength in Pre market.
It is extremely important to make sure you have a plan for each and every trade or investment you take. That is what we teach at Alpha Wolf Trading we focus on knowing your risk reward and identifying your stops and your targets before you take the trade.
Regardless of your time frame or style of trader/investor you may be. If you are having a difficult time with trading and investing and you are tired of trying to follow others into their trades & experiencing poor results. Join the pack & Alpha Wolf Trading and learn to find, define and execute your own trading and investing plans.
Have a plan, know your risk reward and never chase.
Best of success
Email me @ Tim@alphawolftrading.com if you have any questions I am always happy to help others.
Stocks of interest in this morning video
1. HALO Nice looking daily flirting with an 18 roll potential day trade or higher risk swing
2. MGTI Potential day trade looking for a3 test and roll look for intraday setup
3. ARRY hot daily nice tight consolidation potential day trade opp or higher risk swing
4. AAOI potential scalp bounce or short play at 50 resistance
5. ONCE look for pull to 90 support and bounce
6. MGEN Super thin pr gapper need volume for liquidity potential day trade opp
7. SIEN good looking daily setup potential red to green 16 support and bounce
8. ITEK gapper big volume in premarket do not chase merger details with very early stage company day trade only and play size appropriate
9. Steel names worth watching X AKS FCX off of China news
10. INO CERS CODX NLNK zika Virus plays worth watching fr day trade opps do not chase
11. SONS gapping off earnings guide lite volume look for a pull to 8 and bounce
