"An investment in knowledge pays the best interest" Ben Franklin
Good morning
Equities are up slightly ahead of some CPI numbers today which are likely to be a non event but if they come in hot it could spook those that are looking for over heating inflation indicators. We could see more consolidation as we absorb the recent move higher in the markets.
Oil is up slightly in premarket and the energy space is one I think we want to keep an eye on as there are a lot of good looking technical setups in the space.
CPI data just came in lite which the market seems to like as it takes the recent fears of an overheating economy and fears of inflation pressures off the table at least for now. Markets are gapping off the soft number. Overbought can stay overbought but gap up days are still challenging days so be patient and wait for your setup.
It has just been announced that Rex Tillerson is out as secretary of state. Drama out of Washington could dampen the enthusiasm in the markets.
Stocks to Watch
1. PTI off press release breakthrough therapy designation big gapper do not chase look for intra day setup significant buys in the 5 range by insiders small floater
2. WTI HK Both names on watch for swing positions WTI had news after the close like to get it on a pull to potential support around 3.50 HK as close to 5 as possible
3. ATHX pr testing a 2 roll do not chase potential red to green day trade
4. POTN HIGH risk Penny stock off FLuff pr play size appropriate and do not chase
5. VNET Earnings potential day trade opp with volume
6. BVX earnings potential day trade gapping pre market do not chase
7. FENG earnings beat potential day trade like the daily setup
8. NCMI earnings were lite listened to the conference call and liked what I heard > new CEO pays a 10 pecent dividend took a starter yesterday looking to add on weakness not in a rush would be great to get it closer to 5
9. RMBL potential high risk swing or long term hold play I have a starter over 5 I am looking to add they present this week no debt lots of insider ownership
10. SYNL super thin trade reports earnings beat do not chase could set up intra day for day trade but need volume
March 13 2018 Pro Pre market Prep from Alpha Wolf Trading on Vimeo.
