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Good morning
Equities are down this morning as tensions over Syria continue to rise. China and Russia have both come out in support of Syria and oppose any military action from the US. Meanwhile, Airlines have been warned to steer clear of the eastern Mediterranean over the next 72 hours due to possible air strikes on Syria.The Trump administration has reportedly won the support of France, the U.K. and Saudi Arabia, suggesting the strikes could be more extensive than last year's U.S. attack on a Syrian airfield. Trump Earlier Tweeted "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and smart! You shouldn't be partners with a Gas Killing Animal who kills his people and enjoys it!" Of all the things out there to worry about this is probably the most concerning for me and while I do think the markets will react negatively from an assault by the US it may be short lived depending on the intensity of any action the US takes. Regardless, we probably want to keep an eye on volatility, gold, miners, and aerospace defense sectors.
The FOMC will release the minutes from last months meeting this afternoon and we get the labor departments inflation report this morning. Both of these events could impact equities as we may get an indication of how aggressive the Fed may be with interest rate hikes.
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Wednesday's economic calendar
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
10:00 Atlanta Fed's Business Inflation Expectations
10:30 EIA Petroleum Inventories
1:00 PM Results of $21B, 10-Year Note Auction
2:00 PM FOMC minutes
2:00 PM Treasury Budget
Stocks on the radar this morning
- VUZI potential red to green day trade or higher risk swing
- MRIN super thin potential snap back play with volume testing all time lows high risk trade need to have some volume
- CNET potential red to green day trade opp
- VHC big gapper off press release potential day trade do not chase be very careful here
- INO gapper off pr potential day trade with intra day setup do not chase can be a pop and flopper
- ARWR nice looking daily potential day trade or higher risk swing opp
- FTNW super tiny float potential day trade only with some good volume contract news this morning do not chase
- CBAY gapper off Pr look for intra day setup for day trade opp small float
- BTG Thick stock almost a billion shares in the float potential day trade or short term swing if gold can break through resistance 10 FATE potential day trade getting a lil action premarket small floater decent volume for liquidity
April 11th Pro Premarket Prep from Alpha Wolf Trading on Vimeo.
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