MJNA - Very nice breakout today above that .16c level today. Should turn into a great penny swing if it holds above .16c. Would use .20-.25c target for now
GNBT - very bullish intraday chart today for GNBT as it absolutely ripped today +60% and closed up at the highs. Tomorrow I want to see .058c hold for support and as far as next resistance there is resistance at .072ish and then nothing til .09c
BMSN - Was definitely a tough trade today as this morning it showed up a sign of weakness by not crossing yesterdays high but towards the EOD it got some volume and made another run but topped out at .0045. Thats back-to-back days of HOD .0045. So what does that tell us? Wait for the breakout!!
STEV - has a history of making 3 day swings. Today was day one breakout so that means we can expect the next two days to be strong IF we break above todays high. Thats trading 101, if it cant breakout yesterday high then it cant move higher. I know it sounds simple but there are people who dont understand that yet.
TGRO - We mentioned this one yesterday on twitter we are watching it for some potential momentum . Today it broke above its channel since it started trading just a few days ago.
MFTH - Broke above recent highs with over 100k$ in volume today . If it can keep above .0035 going forward i think that resistance back in sept of roughly .0065 could be back in play
OPTIONS
SPY - SPY hasnt broke under the prior day low in now 11 trading sessions and also has made 11 straight higher highs which overall is a bullish trend. However, I do believe there is reason to be cautious here and perhaps consider a short setup on SPY. I am looking for the trend I mentioned to break to grab some puts. So if SPY breaks underneath todays low of 149.93 I will enter 149 puts for next week expiry. Also the VIX had it highest close today in 18 trading days. Take note of that as well.
PCLN - Pretty nice bull flag pattern forming on the daily here and holding support at 694 and with the 8ma getting closer I think PCLN get setup for another Thursday/Friday run. Watching for trigger long above yesterdays high
Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.
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