Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Looks To Be A Challenging Market Today

|Includes:Bristol-Myers Squibb Company (BMY), INSY

With the market selloff yesterday, despite a strong new housing report, the market looked poised to have a pullback. Today we hear that Q1 GDP was revised to show a 3% contraction which was far worse than anticipated.

Two stocks that should open well include:

BMY: Phase 3 results for melanoma treatment positive

INSY: New orphan status designation

Both have recently sold off and are on my potential add list. I'll also be watching stocks that traded well yesterday to see if that "tell" continues today.

Stocks: BMY, INSY