Good morning
Equity markets are flashing red premarket while the dollar is showing a bit of strength. Oil and gold are pulling back off the dollar strength. It shouldn't come as a surprise that we are seeing some weakness after a 6 day run. Let see if the weakness continues or we get some type of red to green bounce.
We have the ASCO conference coming up this weekend expect lots of news out of the biotech space leading into it.
- BDSI nice looking daily potential follow through could be a day trade opp or swing on a pull
- ECYT potential day trade they are presenting at ASCO this weekend day trade only do not chase
- PTNR press over the weekend could be a day trade opp do not chase
- ARRY ADXS both have news of tie up with BMY but it appears as thought they are paying for the trials not BMY they gapped but are already pulling back do not chase .. could be worth watching day trade opps
- PSDV potential day trade opp or small floater testing the 200 day
- CANF pr potential 2 test and roll
- RFD nice daily potential day trade opp with volume or swing on a pull upgrade with 23 price target
- IMGN press release potential 5 dolla holla and roll
- PTGX gapping off pr do not chase look for a pull to support and good volume > gapping on a small purchase
- CVO insider buys day trade with volume or swing on a pull to support but higher risk play they are losing money
- ZNGA more of a long term hold play in a ho sector looking for a pull to support close to 3 for entry
May 30th 2017 Pro Premarket Prep from Alpha Wolf Trading on Vimeo.
