Good morning
Weakness continues in equities as we are looking at a gap down. The faster and deeper this pullback is the more likely, in my opinion, we get a hard and violent snap back. This action is going to create great opportunities in great stocks.
Keep and eye on TVIX UVXY LABD TZA for day trading opportunities do not chase the gap up wait for intra day set up
- BMY getting some action off earnings and pr this morning could be breaking out on the daily full disclosure already in it with long term hold
- SRNE letter from CEO good looking daily potential day trade bucking the market
- RDFN upgrade lil gapper potential day trade off triple bottom bounce
- SPKE potential bounce area off 9 Small floater day trade or short term swing play size appropriate
- NTN super tiny floater not a bad looking daily but no liquidity to trade
- BBG nice looking daily caught an upgrade maybe a swing on a pull to support
- SPPI gapping off pr this morning could be a high risk swing or day trade opp with intra day setup
- ARLZ HCW gave it an upgrade with 6 PT could be a day trade opp do not chase good looking daily
- EYES tiny gapper can be a pop and flopper do not chase had pr could get some follow through
- PFE potential long term hold on pull to price support
- CAPR gapper off pr nice daily potential day trading opp with intra day setup small floater need volume
Feb 5th 2018 Pro Pre market Prep from Alpha Wolf Trading on Vimeo.
""S&P's 'Global Corporate Leverage Trends 2018'
The number of defaults by highly leveraged companies could rise significantly amid tightening credit conditions, according to S&P Global Ratings.The agency estimates that the proportion of corporations whose debt-to-earnings exceed 5x - stood at 37% in 2017, compared to 32% before the financial crisis.
Removing the "easy money punch bowl" could trigger the next default cycle since high corporate debt levels have increased the sensitivity of borrowers to elevated financing costs.
Monday's economic calendar
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
12:30 PM TD Ameritrade IMX "
Source Seeking Alpha
