Good morning
Equities are getting some follow through this morning while gold, oil and the dollar are pulling slightly in premarket. Oil and energy names could be active today off of the OPEC meeting as we get updates. Do not chase and have a plan for every trade.
- TEVA downgrade with 16 price target not looking to add any time soon
- HZNP gapping after earnings beat and raise VRX reports tomorrow could be day trade opps in both
- XXIi earnings tomorrow gapping off article over the weekend do not chase day trade opp
- CLSN pr potential day trade opp do not chase
- BIOC potential day trade off pr do not chase need volume
- CLNT pr potential day trade with volume can be a pop and flopper
- III earnings play potential day trade looking for a 5 test and roll
- GOGO earnings already ran into the numbers potential pull to support for a bounce scalp
- CRNT earnings has a shelf out there day trade only
- ATHX pr potential day trade opp do not chase
- IIVI potential swing opp off earnings beat and raise 41 break puts it in blue skies sitting right at an area of potential price support
- ZYNE missed endpoint gapping down big GHPH reports after the close CARA potential follow through or a pull off ZYNE sympathy
- EROS gapping off rumor already pulling back potential day trade scalp opp big short interest thin stock do not chase
- IPI I will be likely closing it out today and then looking for reentry down the road
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August 7th 2017 Pro Premarket Prep from Alpha Wolf Trading on Vimeo.
Monday's economic calendar
8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
11:45 Fed's Bullard: U.S. Monetary and Economic Policy
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit
OPEC meeting kicks off in Abu Dhabi
Representatives from OPEC and non-member nations are gathering in Abu Dhabi to discuss poor conformity levels on their output cut agreement.
According to Bloomberg data, compliance fell to 86% in July, the lowest level since January.
As the producers discuss obstacles facing the participating countries, crude futures are down 1.3% to under $49/bbl.
ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, OILK, WTIU, OILX, WTID, USOI
Notable earnings after Monday’s close
ADUS, AGII, AIRG, ALB, APLE, APPS, ARNA, ATSG, BDE, BKD, BWXT, CAR, CBI, CBS, CINR, CMP, CUTR, CVCO, CXW, DEPO, DPLO, DRH, EVH, EVHC, FRGI, FRPT, GBDC, GWPH, HHC, INWK, IPAR, IPHI, IVC, IVR, LBTYA, LC, LGND, LMNX, LPI, LQ, MAR, MDCA, MIME, MNKD, MTSC, MTW, MXWL, NCMI, NGHC, NNI, NVGS, NVRO, NVTA, OFIX, OTTR, PAA, PAGP, PLOW, PNNT, PRA, PRAH, QTNA, RATE, RBA, RBC, REN, RNET, RPD, RSPP, RUN, SNHY, SREV, SWX, SYKE, THC, TIS, TPC, TTEC, TWLO, TWO, TWOU, VRAY
