Good morning
We avoided a government shutdown which is a good thing and the markets are getting a tiny bounce in premarket. The two biotechs that I had in the video yesterday had negative results AEZS and NTRP another example of how difficult it is to hold biotechs overnight if you do not understand the science heading into binary events. If you don't already follow Adam Feuerstein on Twitter I highly recommend his as a good source to follow. You may not like his style but he is often spot on with his calls. Check yesterdays blog post if you missed the market wrap and stocks to watch video for this week.
The gold miner ETF's did a reverse split this morning while gold itself is pulling just a tad in premarket. Oil is also pulling in premarket.
Do not chase have a plan and always know your risk reward. Best of success trading today
- HZNP pr potential day trade or swing, Nice looking setup on the daily look for a break over 15.50 with conviction The sector has been under pressure for a long time in a dominant downtrend so play it size appropriate
- RTEC good looking daily and @ a big spot on the longer time frame could be a swing on a pull to support or a day trade on a high volume break over 24.50 or so
- XXII gapper off of pr that isn't all that .... Be careful do not chase
- KERX gapper off pr love the daily look for a break over 6.50 with authority could be a nice scalper 27 percent short interest
- RDUS flirting with the 40 roll could be swing or day trade plenty of cash
- AMRS press release a bit fluffy do not chase could present a day trade opp
- BLPH gapper off pr do not chase could set up intraday for a scalp they need cash
- ELVT recent IPO upgrade today decent looking daily setup worth watching for potential day trade opp
May 1st 2017 Premarket Prep from Alpha Wolf Trading on Vimeo.
