GSAT - Huge macro breakout today above that key .70ish level on very high volume. GSAT has been channeling for the last 3 months around .60c and if you zoom out to 2 year chart you’ll see the nice cup & handle formation. See chart here – http://i.imgur.com/Ff05yB0.png -. Tomorrow needs to break above resistance at 88c and then I believe it will be a 1+ stock. Key supports at .82 and .78c
FREE - We’ve seen the return of shipping stocks the last week or so with stocks like DRYS EGLE and GNK all making big runs. Now it appears money is moving into FREE based upon the fact FREE traded well over 20million shares today (highest volume ever) . Watch FREE tomorrow and rest of the week for a nice move. Needs to get above .28c tomorrow AM . The next chartable resistance is at .35c
RVLT - After falling from 5s down to low 2s over the course of the last month RVLT finally appears that it has reached a short-term bottom. On watch for a continued bounce through todays high. I like this one for a 3$ tgt
USU - Former major short squeeze which ran from 3 to 30 in 3 weeks saw its highest volume since that major run back in July. Keep this trade simple, use prior high as your pivot pt . Next resistance is just under 16$.
AAPL - Saw a very big gap up today likely caused by the news we get on Fridays close about striking a deal with CHL. The inside week that AAPL had last week broke to the upside today and now is looking good for a 513.74 test. Tomorrow we have two key events, one during the trading session here in the USA and the second during afterhours that will be in China. Tomorrow should provide great volatility with this event. Typically you’ll see sell the news with these type of events on AAPL however in the past AAPL has run into the event. This time around it has been trading flat for the last 2 weeks or so which leads me to believe that ‘sell the news’ might not work tomorrow. I am long AAPL overnight on multiple expirations targeting 510-515 .
BAC - Today we saw surprising strength in the financial sector with XLF closing up 1.16% . It also closed above its 21day for first time start of Aug. If financials are going to back on uptrend I believe BAC is the spot to be. BAC in my opinion has held up the best relative to other similar names and is only 3.5% away from its 52w high. Watch tomorrow for BAC to break above last weeks high of 14.55 if it can do that I wouldnt rule out a rally up to 14.75-14.80 this week and 15 by EOM.
GILD - The bio-tech sector continues to be the strongest sector in the markets and I believe the bullishness on the overall sector will propel GILD to new 52w highs tomorrow. Watch for a gap down that holds above 61.80-62.00 to buy for a r/g move . I think it breaks 64.04 tomorrow though, todays candle is very powerful because how it closed.
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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