The futures are green this morning, after touching 1320 earlier this morning. We are starting to pop out of the downward channel on the 15 minute chart, and it certainly feels like a bounce is imminent. Although, yesterday morning had a similar feel to it, so take it for what it’s worth. Here’s a look:
Nasdaq Pre-market movers include: OSUR, ABMD, SINA, PAAS, TSTC, ACHC, FOSL, ANGI, RIMM, & MU. Click here for charts.
I can see SINA ripping hard today after being beat up the last few months. It fits in with the whole facebook trade, so keep it on watch. The miners are also of interest to me, after the metals took on another night of heavy selling. If I see some strength early in the group, I may just go with $NUGT.
Other names on my watchlist:
Long: BCOV, EXPE, LVLT, VRML, WYNN
Short: FFIV, RGR, & V
Good Luck today.
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