LOTE - Broke out again above 16 today but more importantly it CLOSED above that level which should lead to more upside tomorrow. Looking for new 52w highs tomorrow. I know its a higher priced stock but it moves like a sub-penny play. I still like my 20.00 target here
PLUG - Sick move today closing up 35% and looks prime for another leg tomorrow. Needs to break todays high in first 15min of the day. If it gaps above .40c then I dont like the setup anymore. Target is .42 tomorrow
TDEY - Pending breakout here as it has obvious resistance at .0015 and although it popped above it today there wasnt really any volume when it broke out so it failed to close above .0015. Watch for a break above .0015 tomorrow WITH volume and then I think we can see a move to .003.
NORX - Continues to grind higher, still a good swing play here. As long as it continues to make higher highs and higher lows I cant help but like the long setup here. 1.00+ could be in play this week
FNMA - Our 2.00 target gets more and more realistic as FNMA again today traded higher closing up 11%. FNMA has dipped fairly hard past few days in the first 2hours of trading so make sure you are using that to your advantage for new entries.
FMCC - Again, same story with FNMA. Its gonna go as high as FNMA goes, FNMA is leading the way.
LULU - Talked about this one last night for potential bull flag break out and today it did pop to new 52w highs but failed to close near the HOD which isnt the worst thing to happen just wouldve been better had it closed closer to highs. Anyway it did show signs of strength today and I think tomorrow and rest of the week LULU will be a good trader as many retail names have been going strong as of late. Would look for entries around 81.15 on a dip or a break of 82.20 tomorrow. I like the 80 strike calls.
AMZN - Was on the weekend watchlist and its still in tact as far as technicals go as it trades above its 8ma and puts in higher lows. I wanna see it break 270 tomorrow with volume. There is pretty high OI on the 275 strike calls and I think we might see those go ITM before friday.
BIIB - I think some of these biotech names could get a bounce tomorrow but BIIB in particular has held up very well as most the sector pulled back. Tomorrow I like BIIB for continuation and for a push into 52w highs. Id look for long entries near 229.50 or on a 234 breakout . The spread on the options can be pretty nasty so make sure you place orders at the bids or in between the bid/ask. Fight for your entries. You could pick the best stocks but if you have bad entries it doesnt matter.
P.S I also really like GILD, just dont want to write up a post on it haha ;)
PLUG - Bull flag on the daily that got good volume today and could get moving again tomorrow. Needs to hold .24c and break through .27c . next leg could see a move back to .35ish in the next 2 days.
SNAX - Lower level bull flag here with top line resitance at .25c that tried to breakout today but failed. I think it will try again tomorrow and if it can break with some power could see nice 20% move tomorrow
FNMA - Nice move today off our watchlist today and I think will continue higher tomorrow and I will stand by my 2.00 target
FMCC - Lagged today, might play catchup tomorrow with FNMA and might see a bigger % based move. Same 2.00 stands for FMCC.
APDN - we highlighted this stock a few nights ago and then apparently they reported earnings and the stock gapped up a very large % and got sold off that day which is never fun when a big gap fails. But now that it has pulled back some on light volume back into support I want to bring it back into the spotlight because it is a very nice looking chart that really could get moving if we see a sustained move above .26c. I like an entry down here with a stoploss set at .20c
BIDU - Really nice breakout into the earnings gap. Looking for follow through tomorrow into that 103 resistance. Would buy a gap down and look for a r/g move in first 15min of the day.
HLF - Caught yet another squeeze today and with heavily shorted stocks getting squeezed for the past few weeks I see no reason by HLF can’t see a move possibly 60 in the next few days. HLF had a bull flag going into the close. It needs to hold above 49 tomorrow morning and break above 49.50 for that bull flag overnight to play out. I would go with 50 strike calls
LULU - bull flag on the daily as the 8ma touched the candles today which can be a great timer to use when waiting for bull flags to get moving again. Needs to break through 81.50 to get 2nd leg. Measured move is to 83.50ish
FNMA - Bull flag setup on the daily chart and makes me believe we will continue to grind higher at some point this week. I want to see it hold above 1.20 for support and for resistance needs to break 1.47 and close above it to get the next leg.
NORX - We highlighted this one on monday say it could turn into a nice swing play and on friday NORX made new 52w highs. I think this chart is very similar to NHUR which made a monster move past few weeks. I think NORX could something very similar. Needs to keep trading above .72c but I think a move to 1.00-1.20 this week in definitely in play
SMAA - Put in a reversal candle on friday, now needs follow though by ging above fridays high of .047 then I think it will be a good bounce play but I am lowering the bounce target to .06 now
LOTE - Looks like this monster squeeze play is not over and I think we will squeeze to 20s this week. This is a great intraday trader. Needs to get above 16.50 on monday then I think we can get a move into new 52w highs
YELP - Holding well onto its earnings gap from few weeks ago and is wedging on the daily chart which could breakout to more upside this week. Its a pretty heavily shorted stock which have been great runners recently like SCTY TSLA FSLR etc… and YELP could see a similiar type move. Im watching for a break above 31.30 to get involved and I will be trading the June 33 strike calls.
GS - Looks prime to break 52w highs this week and then could be off to the races here.The last time GS break 52w highs was back in early Jan. and it went off on a multi-week rally and I think we could see the same thing this time around. The next resistance I see is 175 and I think we will be trading there by mid June. I am a short term trader though so I will be playing a 159 break using weekly 160 calls and I will sell into the parabolic move.
VZ - Bull flag on the weekly chart that could get moving again this week. We just finished 2 weeks of consolidation and I doubt we see a 3rd. Needs to break above 53.67 for me to take a long position. Target is 55-56
AMZN - Descending channel here with restistance line at 272 and support down under 250. I want to play a break of this channel so I might get long monday at open in anticipation of that 272 level to breakout on that day. Some times with stuff like this I will use a adding strategy where I take starter in anticipation for a breakout and then if and when it breaks out depending on the option pricing I will add the position. This way I am not fully committed right away therefore reducing my risk.
BMIX - Nice move today off last nights scan, closing at the HOD and looks ready for more upside going into friday and next week. I like the 1.20 target here for a swing play. Use prior day low for absolute stoploss
CLDS - Nice reversal candle today, looking for a bounce tomorrow back to .95ish. Needs to get above todays high in first 15min of the day and then not go back under it. Similar setup was on 4/22-4/25
GOFF - Monster move today, should get some follow through tomorrow into resistance at .035-.04. Needs to get above .03c in first 15min.
SMAA - Same setup from last night. Never triggered the reverse play today, so maybe it will tomorrow. Same target remains. Read last nights post.
MSFT - Looking for a red/green move tomorrow. It has done a r/g move 4 days in a row so I am ready to trade it again tomorrow if this setup comes into play. I traded it this morning for a nice play. Tomorrow I still think we could 35 prints if the market is strong, but thats a big IF.
TSLA - Doesnt matter what the market does here. On watch tomorrow TSLA to rip past 100. I am long some lotto calls on the 100 strike looking for another monster move tomorrow. Needs to get above 97.12 during the open.
Otherwise tomorrow honestly, I am planning on just sitting it out. Could see another inside day tomorrow and there isn’t a rule that says I must trade everyday. SPY made a huge move this week and tomorrow is monthly expiration and I have a feeling we are going to see SPY pin at 165.
FNMA - Looks like its about to go parabolic if it can get extension tomorrow. Last time it ran like this it ran for 5 days before topping out and now that it has based much higher for over 1 month I think there is a good chance we will break into 2.00 soon
FMCC - Sister trade off FNMA – prefer the other but you can maybe do pair trade they will both run together. Same setup here
APDN - This stock could be the next big momo stock, I would wait for a pullback to maybe get involved but I am watching this closely now because this stock has been in a channel since September of 2012 and is breaking out of the channel this week with strong volume. I think in the next few weeks we will see APDN trading for .50c+ . Im looking to buy this on a pullback near .24ish
BMIX - Looks like its getting some sort of promo, on watch for big volume at the open, could see a drift to 1.00-1.25 -update it is getting a hard mailer promo.
BRGO - Nice reversal candle today, if it can get above .0025 tomorrow I think it will see a decent pop to maybe .0032. Daytrade setup here
SMAA - on watch for a reversal play tomorrow. Watch our video on how to play reversals if you dont know what to look for. This has the setup in the making, recent drop of more than 50% with huge volume today. Needs to go under todays low of .0389 then at some point come back above it to begin the reversal trade. Bounce target is .08c
More highs….The key thing to this market rally has been the rotation between sectors. Over the weekend I talked about how if markets are gonna continue higher I believe that XLV and XLF is where we might find some momentum and judging by the big move they made so far this week I’d say it worked out nicely, but now that they have rallied big this week I think we will see another rotation back into technology or XLK. XLK has a bull flag on the daily that could breakout tomorrow as well as the fact its flagging right underneath 2012 highs. The key thing here is that it needs to get above 31.74 (september high) for these setups to come into play.
V - Riding along the 8ma nicely and closed at the highs today and looks good for more upside tomorrow and possibly could see 185 by friday. Support level at 181.40s so I want to see that level get bough tomorrow on any dips. If tech is gonna make a run I think V is going to a nice spot to be involved.
INTC - I like this setup for a potential lotto play for thursday/friday. There is huge OI on the 25 strike calls and not that I would buy those calls I think we could see a move to 25 by friday. I would much rather trade the 24 strike calls. The technical setup here also is pretty nice as it went under its 8ma for only 1 day (yesterday) and then closed back above it today showing that the dip was bought and if it can get some extension above 24.25 tomorrow that 25 level might become more realistic for a EOW target.
MSFT - Sticking with my technology thesis MSFT also is acting famously as it quickly approaching new 52w highs and with big OI on the 34 strike calls expiring this week I think we could see a push through 34 and possibly touch 35 by friday.