Good morning
Fears of an overheating economy, rising interest rates and some hawkish comments from the fed sent stocks tumbling yesterday and technically we took out some key moving averages in several sectors and indexes. Tech and semiconductors were hit hard yesterday with news of China spying on some major US companies with a tiny chip. The jobs number comes out this morning and if it is too hot we could see more weakness ahead.
Equities are lower in premarket the dollar, oil and gold are up slightly. The volatility could continue today so keep an eye on TVIX TZA UVXY VXX LABD SPXS
Jobs number hit and came in a bit lite which could be a good thing for equities. We have reversed in premarket and equities are now higher in premarket.
$SNAP
Snap Shares Up 3.6% Premarket Following Late Thurs. Cheddar Report 'Snap CEO Sets Goal of Profitability in 2019, Outlines New Strategic Goals for Employees' Potential snap back play swing
$SEED Origin Agritech Limited (NASDAQ:SEED) gained 6.3 percent to $5.376 after the company announced Origin e-Commune Network and a new joint venture with five major agricultural product distributors in the Hubei Province. Was up again yesterday could be a potential red to green play day trade .. do not chase can be a pop and flopper
$MRMD was on yesterdays morning list and it broke over 4 could see red to green follow though day
$UXIN Nice daily looking for a potential 7 test and roll could be a day trade or higher risk swing play with a 5.80-6 range entry
$ARWR full disclosure I took a starter yesterday the news was solid yesterday and the selloff was overdone in my opinion looking for a potential red to green snap back could look to add if it pulls to the 12.50 area
$APPS held up well in a tough tape full disclosure I have this as a swing and could look to add on a red to green and break over the 50 day with volume insider buys in this range and higher looking for an eventual 2 test can be a bit of a grinder
$MEET full disclosure I have a swing in this name as well looking for potential red to green follow through after holding up really well yesterday looking for a potential 6 test and roll
