Good morning
The markets did rally late in the day yesterday but it was not enough to have them close in the green. This morning we are looking at another weak open but in the short term we are also looking oversold and we are trying to hold onto some key moving averages in a few sectors like the IBB IWM IYT while tech and the SMH have broken through and closed below potential areas of support. Volatility continues to rise and if the sell off picks up momentum we could see more volatility ahead. TVIX UVXY TZA SPXS should be on your radar for short term trading opportunities. We could see a snap back in the next few days as we head into earnings season which will start with banks on Friday.
Hurricane stocks are again on watch amid the rapid escalation of Hurricane Michael in the Gulf of Mexico, which is forecast to become a major hurricane by this evening and make landfall on Wednesday. The National Hurricane Center warning cone currently includes Florida, Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, New Jersey and Delaware. Related tickers: HD, LOW, DUK, ALL, CB, AIG, TRV, PGR, GNRC, CMI, BGG, WWD, CAT, RBC, CYD, WPRT, UQM, HYGS
$BAS nice pop yesterday it will be tied to oil but there has also been some insider buying in the name The sector in general is worth keeping and eye on potential 12 test and roll
$OPRA recent IPO could be testing 8 as potential support could be worth watching for a bounce play day trade
Monday October 8, 2018 3:28:29am
Opera Software and Ledger Capital Partner to Integrate Blockchain into Opera Products
$LUNA Some recent insider activity good relative strength yesterday could get a red to green follow through day I could consider this for a swing or a day trade ideal entry as close to 3 as possible
$BDSI was on this weekends list and managed to close above 3 yesterday potential red to green follow through day could be a day trade or higher risk swing play another one where an entry close to 3 could be ideal
$WYY penny play contract announcement this morning could get some action can be a pop and flopper full disclosure I have a lotto hold in the name with a cost basis in this range
$SDI tobacco play could move in sympathy to PYX trades super thing but has a great looking daily could be a high risk swing play do not chase
$TPB another tobacco play with a hot looking chart on the daily flirting with all time highs looking for a 44 roll with volume tiny floater do not chase and play size appropriate
$GEVO $PEIX $AMTX got a lift off of ethanol announcement from the Trump administration yesterday could get some follow through GEVO recently had some insider buying both are gapping look for potential red to green
$VIOT recent IPO flirting with a 9 roll China name could be a day trade opp with volume
$EYEN
H.C. Wainwright Initiates Coverage On Eyenovia with Buy Rating, Announces $12 Price Target tiny floater potential day trade
$SDPI a bit extended on the daily but flirting with a 4 roll which is a big spot on the weekly tiny floater
