Good morning
We are seeing a little follow through of the weakness we experienced yesterday after the impressive move on Wednesday. Indexes are flashing slightly red as we look to close out the week with Janet Yellen speaking later today. Keep an eye on the dollar if she comes across hawkish the strength in the dollar could continue and that would likely keep some pressure on gold and miner stocks. We are seeing a bounce in gold premarket and some weakness in the dollar but that could change quickly off the Fed comments. Also keep an eye on volatility TVIX and UVXY if the markets or sectors start taking out key areas of support.
Today's Economic Calendar
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
10:15 Fed's Evans and Lacker at Monetary Policy Forum
1:00 PM Baker-Hughes Rig Count
1:00 PM Janet Yellen speech
1:00 PM Stanley Fischer speech
Stocks discussed in todays pre market prep Video
1. MU and MRVL potential swing or long term hold opportunities depending on price action watch the sector
2. BLIN potential red to green big insider buy recently closed over the 200 day potential 1 dolla holla Day trade
3. SNDX nice daily potential day trade for a 13 test and roll
4. LXRX earnings lil pop in premarket testing 16 potential day trade
5. VRAY testing 6 roll decent volume yesterday watching for continuation
6. HCM low float china name with news could get interesting with volume Do Not Chase can be a pop and flopper
7. PAH could get the Cramer effect after appearing on Mad Money potential flirting with a 13 roll could be considered for a swing or long term hold on a pullback
8. LIFE potential day trade on PR low floater just filled the gap on the daily DO not chase potential 4 test and roll
9. ALQA potential day trade red to green CELG recent buy @.50 cents
10. CRME potential flat top breakout small float Day trade opp on a break over 3.10
11. SCYX potential day trade on a bounce play off of news last night and a gap down lookinf for 2 to potentially act as support
March 3 2017 Free Friday Pre market Prep from Alpha Wolf Trading on Vimeo.
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