TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Dare we say correction phase in the face of a rally? That’s what many analysts have been saying for some time now as the bulls continue to hang on skewing major averages still in the upward direction despite shedding off nearly -300 points on the DJI yesterday alone. The S&P and Nasdaq fell lower as well marking some of the worst days yet. Not surprising after the highs we’ve recently been tagging. Swings get bigger, ay mate?

Futures are pointing the wrong direction this morning indicating a lower DJIA open by -124 points at the moment. Asian markets and European markets are all currently experiencing sell offs as well.

Gold, Silver and other precious metals seem to be doing well along with Oil which has now climbed back above the $50 mark striking nearly $52/barrel again. The price 1-year targets have now been raised. Commodities typically do well in the face of hard times or market shed offs. Or crashes for that matter. But not always. In this instance, oil and metals are doing well.

Penny stocks have played out interestingly lately with some real standout performers among the marijuana stocks we follow. One stock that has been displaying amazing growth is THCZ. The stock closed off yesterday’s session at a new 5-year high of .1335 striking above the .14 cent mark intraday yesterday. The stock is showing no signs of slowing down and appears to only be beginning. Stock Market Monitors and DiamondEye StockPicker have given THCZ a “Buy” Rating with a $1.50 price target. This stock has sparked much attention/interest in the Pot Stock Sector recently as well indicating the start of the 2015 Pot Stock Rally. HEMP yesterday soared up nearly 7% to close the session and traders will be keeping an eye on that one as well. ERBB is another performer which had a bottom day yesterday but bounced back and traders are watching for a major pop there as well. ERBB was also given a “Buy” Rating with a $1.00 price target by Stock Market Monitors and DiamondEye StockPicker.

Kraft (NYSE:KRFT) stock soared yesterday up over 35% to $83.17 on news of their merger with Heinz, the ketchup giant. The merger is estimated at nearly $40 billion. The stock is selling off in the premarket this morning, currently at about $82.07 a share. Hershey (NYSE:HSY) is another stock to watch to see if it can hold the crucial $100 mark amidst this falling market. BP PLC (NYSE:BP) and Sunoco LP (NYSE:SUN) are interesting oil plays we are watching to see how they react to falling markets but soaring oil prices. Coca-Cola (NYSE:KO) closed yesterday at $40.45 holding its $40/level. AT&T (NYSE:T) finished at 32.62. McDonald's (NYSE:MCD) is at $98.14 and Johnson & Johnson (NYSE:JNJ) held above $100/level at $100.34 but is lower this morning at $99.74 in the premarket.