Good morning everyone.
Happy Wednesday. The market faced a big pullback and it never bounced as it continued to make new lows throughout the entire day. Most stocks from all major sectors have closed in red. Pre-market futures seem to also point for another red day with possible more selloff. There is no major news for the reasoning behind the selloff. That being said, as most stocks dropped, there was one that made major move a.k.a. $CHEK this stock ripped closing the day +100% as it topped at $17.88 and of course dropping right before the closing bell. The reason behind this move is because it had all the hype, momentum, and volume. Majority of all traders were all over it making their profits. Since it had most of the volume. Thats one of the prime reasoning behind its big spike.
Today’s goal would be watching $CHEK for possible continuation or crash. Either way, its going to have one of the two possibilities. Your not going to see this stock move side ways, its either going to rip or fall.
Here is iTwitsTrades Watchlist today:
- $GSUM (today announced that it has integrated its “Marketing Dissector” with Tencent’s Social Ads platform, entering a new age of multi-platform integrated marketing solutions.)
- $PSTI (announced today that the U.S. Food and Drug Administration ( FDA ) has cleared Pluristem’s Investigational Drug Application (IND) for a Phase III study) 100M in float slow mover
- $CPTA (Capitala Group Announces $1.0 Billion of New Permanent Capital for New Senior Debt Focus)
- $DARE (Daré Bioscience, Inc. Enters into Exclusive Worldwide License Agreement for Juniper Pharmaceuticals’ Intravaginal Ring (IVR) Technology Platform)
- $LOV (Spark Networks SE Sponsored ADR to Host Earnings Call)
- $JNP (Juniper Pharmaceuticals Licenses Intravaginal Ring (IVR) Platform to Daré Bioscience)
- $TZOO (Travelzoo Reports First Quarter 2018 Results)
- $ZLAB (Entasis Therapeutics and Zai Lab Announce Exclusive License Agreement in Asia-Pacific and Global Strategic Development Collaboration for ETX2514)
$CHEK and $TVIX
Today’s Market Briefing by CNBC:
Global stocks and U.S. futures were lower this morning after a huge Tuesday decline on Wall Street wiped out April gains and sent the major U.S. averages to a nearly three-week closing low. The move came as the U.S. 10-year Treasury yield moved above 3 percent for the first time in more than four years. (CNBC)
Today’s Pre-market Gappers:
Today’s Pre-Market News Scan PR’s
Yesterday’s Overall Market:
Yesterday’s Top Gainer and Loser: