Daily Newsletter 2:6:18

Good morning Y’all happy selloff Tuesday!

B_W

Well, the futures were dropping and selloff was at its highest since 2011. At one point, my mobile app ThinkOrSwim stopped responding due to selloff volume, which according to TDAmerTrade kept crashing it. I hope everyone is paying attention to the market overall and its conditions. One of the most important things I’ve stayed committed to is checking the market’s condition and what is affecting it on each day’s trading opportunity. I’ve learned that a company could release the best press release but it doesn’t move and at times it may close in red and its due the overall market condition was down on that day.

Here are few of the stocks that are making a move today, but for me, I most likely will be taking another day off trading. I am one of the worse short trader and my prime setups are long, nonetheless many traders will tell you to adjust, and be flexible and all that B.S. positive talk as if they are trading fake money. Am using my real money to trade stocks, therefore, I’ll trade whatever I feel confident trading. I learned to mute the noice around me and listen to reliable, credible, and educated views and most importantly to be inspired by it, not influenced by it.

Here is today’s iTwitsTrade Watchlist:

News:

$AKTX ( up more than 11% in pre-market trading after the company said a final three patients achieved statistically significant results in its phase 2 trial of Coversin.)

$ARGS (has entered into an option agreement with Pharmstandard International and Actigen for an option to acquire license to a group of fully human anti-PD1 monoclonal antibodies and related technology.) 3m in float)

$TROV (announced that the first patient has completed the first cycle of dosing with PCM-075 in combination with low-dose cytarabine in its Phase 1b/2 multicenter trial of patients with Acute Myeloid Leukemia (AML)

Chart Patterns:

$TVIX and $UVXY

Market Briefing By CNBC:

U.S. Dow futures this morning were indicating another nosedive at the open that breach the correction level, defined as a decline of 10 percent over time from recent new highs. Monday was the worst day for the Dow and S&P 500 since August 2011 as well as the biggest single-day point drop for the Dow in history. Futures have been volatile all night and have been positive at various junctures. (CNBC

Today’s PM Gappers:

 

Today’s Hot Press Releases Scanner:

 

Monday’s Over Market View by FinViz:

Monday’s Top Gainers & Losers by FinViz:

Please Note:
I do not know how quickly or slowly upside may or may not be realized, therefore please assess the trade situation for yourself.
Equities can be extremely volatile, so if you aren’t able to secure your desired entry and the stock starts moving without you then you can always wait.
Pullbacks/consolidations often present the best risk adjusted opportunities to experience gains because you can get in right above support and cut losses quickly in case the trend fails. Establish a stop loss that is appropriate for you.
As I say, I would always make limited orders and never market orders, Since every traders/investors circumstance is different, make sure you create a personalized approach that works for you and always consult a financial adviser (not me).
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Yahoo
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