PCXCQ - Woke up today with huge volume and price action. In the past we’ve seen this one make big moves when there is big volume. Watch for a move above .215c tomorrow, if it can get above it and hold I think it can also take out todays high around .24c. Ultimately looking for a move back to .28c. Careful taking this one overnight though…
EXMCQ - Holding onto gains from its recent run from .06c up to .30s. Today EXMCQ broke above its prior day high for the first time since putting in a top on 9/27 . Next resistance is at .33c, many of these shipper names have been holding up well last few weeks and all could get into motion (pun intended) very soon.
PHOT - Broke and closed above the .06c resitance today, this has been uptrending for a while in a ascending triangle. Former runners run, I think we see it tag .10c by early next week. —- Needs to hold support now at .06c
SGLB - In a bull flag on the daily, id say the longer it can hold above .125c the better but nonetheless I like to see penny stocks form bull flags because it is pretty rare nowadays . A daily close above .146c will get SGLB moving again with our .20c target still in play
FNMA - still on my radar for a break above 1.64 that shows some power the one we saw yesterday was very weak and I sold my swing trade when it had the push thru failure. But with a nice inside bar today and still in flag on daily, this thing could try again. No position for now.
AAPL - Looking for a trend breakout tomorrow or monday. It has been struggling with this 492-495 level for the last 2 weeks but I like how well AAPL has been holding up during this market pullback. AAPL was one of the few names that has been holding above its 9/19 high (2013 market high) . Watch for clean break above 492.38 for a rip higher. The daily chart also shows a cup and handle and with the 8/21/50ma’s all acting as support I believe we see breakout very soon. I am long both weekly and next weeks calls looking for a move above 495 tomorrow.
CMG - Broke into new 52w highs today and I believe is a strong canidate for new all-time highs before they announce earnings on the 17th. Im looking at next weeks calls, could see big move tomorrow. All time high is at 442.4
GLD - Looking at Oct W4 GLD puts here because I believe GLD is on pace to fall apart again and break into new 52w lows. I would love to see a short term bounce tomorrow on GLD so I can get puts for cheaper but if not I will look to short a move under 10/1’s low of 123.81
SBUX - I tried swinging this one earlier in the week but sold when it went green to red on 10/8. But now that the market is perhaps setting up for another move higher I think SBUX is a great name to look for new highs and a move into the 80s maybe next week. I might re-enter the swing maybe this time with a call spread .
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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