"No profession requires more hard work, intelligence, patience and mental discipline than successful speculation" Robert Rhea
Good morning
Equity markets had a nice powerful snap back bounce yesterday and we are getting some follow through this morning. Gold has been gapping up recently and is coming into some potential price resistance overhead we are seeing a pullback this morning in premarket while the dollar and oil are both up slightly.
We have some short term trend lines and moving averages that could act as resistance for equities in several sectors and indexes.
Today's Economic Calendar
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
1:00 PM Results of $34B, 5-Year Note Auction
- ITUS potential day trade off pr gapper look for intra day setup
- NBRV potential day trade> gapper look for intra day setup and volume
- NSPR Potential day trade gapping do not chase small floater
- ARWR nice daily potential day trade off upgrade and 10 PT
- IMMY pr potential day trade opp
- EGAN potential swing or day trade opp love the daily broke over 8 looking for red to green follow through
- TRVN Pr potential day trade opp likely need to raise cash do not chase
- IMMU potential day trade off pr 14.50 seems to be acting as support on the daily
- TELL potential 6.50 support for a bounce recent insider buys could be a a higher risk swing or day trade opp
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March 27 2018 Pro Pre market Prep from Alpha Wolf Trading on Vimeo.
