Good morning and Happy Halloween
After yesterdays slight pullback in equities it looks as though we are seeing some strength in the Nasdaq and S&P 500 while the Dow is pulling back just a tad. We have a few things happening today and tomorrow that could spook the markets. ( See what I did there ?... spook the markets... Halloween... get it? I kill me. ) The dollar is bouncing in premarket giving both gold and oil a little pullback. Carter Worth from Fast Money last night was suggesting a pull back in the materials and commodities space in th near term as he is suggesting from the charts that they have moved to far too fast.
Be careful out there. Always have a plan and know your risk reward.
Happy Halloween. Be Safe and Have Fun!
Happy Halloween from Alpha Wolf Trading on Vimeo.
Tuesday's economic calendar
FOMC meeting begins
8:30 Employment Cost Index
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
9:45 Chicago PMI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
- TEAM great looking setup on the daily could be a day trade opp with vol on a trendline break or a swing on a pull to support earnings already behind it
- DPW penny play lust did an offering I like the way its above the cluster of moving averages potential day trade scalp or higher risk swing need to check on earnings date
- XRF China name potential day trade opp with volume breaking trendline
- PLUG pr has earnings next week flirting with 3 roll do not chase do not hold through earnings potential day trade with intraday setup
- STRL earnings beat swing or day trade opp depending on price action
- UIS earnings potential low floater day trade if it gets some volume just a scalp
- VTL nice daily potential 6 roll day trade with volume
- CTL potential swing or long term hold on a pull to support weak sector but got final approval for level 3 acquisition
- SNSS recent insider buy potential day trade an break over trendline flirting with 2 roll
- DMPI gapper off pr potential 1 roll small floater do not chase look for volume and early shorts if it really rips
- IDRA baker bros and insiders bought a ton of shares @ 1.50 raise look for a pull to 1.50 for potential support bounce trade
- CBI earnings flirting with 17 roll wort watching for a day trade or potential swing on pull to support
Oct 31 2017 Pro Pre market Prep from Alpha Wolf Trading on Vimeo.
