MJNA - Continues to be strong ever since our alert earlier this week. Today closing above .20c and could see .30c very soon based upon the rest of the weed stocks breaking out today.
HEMP - Weed sympathy play. Would use .045c target for HEMP going forward, doubt it can go much further than that. HEMP is the weakest of the group imo.
CBIS - Should easily be able to rise to .065ish. But watch if it passes thru that level with easy because if it does I see no reason that .09c could be in play again
PHOT - One of my favs from this group. PHOT has very little resistance til it can see 52w highs again. Would need to see an extension above .05 tomorrow then I think we easy run to .07+
OPTIONS
GOOG - Closed at its highest level of 2013 today above that pesky 754 level. Tomorrow I am looking for a hold above 754 and more importantly a strong breakout above 758.50 I do believe if market is strong tomorrow GOOG could see 765
ARNA - Lotto play- bullish engulfing candle today. It previously channeled right around 8.80 so I think there is a shot we bounce to there tomorrow. The 8.50 strike calls are cheap only like .10c. Complete Lotto, needs to break todays high
HAL - Swing trade idea here if it keeps holding above 39.88 I think HAL could see multi-week run to possibly 44. The 40 strike calls March 16th Expiration are trading for 1.75. Very cheap and great r/r if you use 39.88 stop
IBM - Possible gap fill play here. It had a topping tail after earnings and then had a 3 day bounce but failed to break above the earnings high and has since put in 4 straight topping tails. I would look to try to hop in next week 200 strike puts as they are only like .75c and could be a big winner if IBM does fill in some gap back to 197ish.
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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