Good morning
Tax reform hiccups gave the markets a little pause yesterday as we head into quad witching for the markets. There were several sectors that were overbought and a few sectors that are experiencing some near term pressure like SMH and ROBO.
Keep an eye on shippers and the blockchain AI plays for potential day trade opportunities. TVIX LABD TZA worth having on the radar if we get more concerning news out of Washington with regard to the tax reform bill.
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Stocks To watch for trading and investing
- IDTI nice daily with pr this morning could be in a bounce area more of a swing type play
- PIXY Pr after the close recent IPO gapper potential day trade opp look for red to green or gap and go play size appropriate
- KANG nice earnings beat potential flat top breakout with a 15 roll smaller float
- DCIX Morgan Stanley took a 5 percent passive stake gapping in premarket other names in the space could get a lift in sympathy DRYS TOO TGP GNK EGLE DSX are just a few
- BLFS nice daily setup needs some volume very thin trader could be a day trade or short term swing with volume
- JBL earnings play gapping after pull ahead of earnings resistance @ 29 where the 200 day could ve more of a swing with ideal entry near 27.50 if it can hold
- EGLT gapping off news can be a pop and flopper do not chase day trade only
- RMBL recent IPO press release thin stock tiny floater potential day trade or higher risk swing
- MESO pr potential day trade may need to raise soon need volume
- HCLP Potential swing with 10 entry 12 target
- FLDM nice looking potential flat top break out and 6 roll swing or day trade
- SIEB potential red to green day trade opp look for 11 support
- LFIN pr big gapper potential day trade opp look for clean intraday setup
- RIGL pr and price upgrade potential day trade opp
Friday's economic calendar
8:30 Empire State Mfg Survey
9:15 Industrial Production
10:00 Atlanta Fed's Business Inflation Expectations
1:00 PM Baker-Hughes Rig Count
4:00 PM Treasury International Capital
