" Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria" Sir John Templeton
Good morning
Equities are up slightly in premarket. We could be looking at another choppy day ahead of the long weekend. Gold is up slightly while oil and the dollar are both down slightly. There is no sense of urgency to be loading up positions ahead of a holiday weekend. If you are not comfortable with the way the markets have been acting there is nothing wrong with just sitting on your hands or starting your weekend early.
Today's Economic Calendar
8:30 Initial Jobless Claims
8:30 Personal Income and Outlays
9:45 Bloomberg Consumer Comfort Index
9:45 Chicago PMI
10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
1:00 PM Fed's Harker: Economic Outlook
1:00 PM Baker-Hughes Rig Count
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
- GEVO earnings beat tends to pop and flop do not chase
- BILI potential red to green IPO play from yesterday
- PSDV Pr gapped last night could set up for a day trade opp do not chase
- CAFD Pr potential day trade opp
- GME earnings beat but down grade from BAC could be a red to green bounce play could aslo be a swing consideration in the 11.50 12 area Higher risk play small float big short interest
- OSTK rumor they pulled their offering may be a day trade opp look for intra day setup and confirmation on the news
- TST Potential red to green day trade opp looking for a 2 roll
- IO upgrade with 35 PT super tiny float could be a swing on a pull to support or a day trade opp with volume. Likely going to be tied to oil which is acting weak lately on supply concerns
March 29 Pro Pre market Prep 2018 from Alpha Wolf Trading on Vimeo.
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