Tomorrow all eyes will be on what the new APS play is because they sent out emails this evening saying their pick will be tomorrow. Follow us on twitter at @stockgarage because we normally find it before emails hit and will tweet out any stocks we come across as potentially being an APS play. We will also tweet out the moment it becomes official. Normally I look to trade APS right at the start of when emails are hitting and then sell within the next hour. Then I let the afternoon trade go by and come back to get involved for the power hour to take for a gap but have your own plan, if thats buy tomorrow and hold for two weeks then so be it. Either way form your plan now. The reason we are focusing so much on APS tonight is because of the amount of liquidity and volatility they bring. Also anytime APS has a pick it typically will cause the rest of the penny market to be a little slow. (more so than it already is lol)
MDMN - On watch for a breakout tomorrow above .064 . This stock has provided some great recent trades in the last few months and if it gets above .064 tomorrow it could be a nice runner.
INO - Nice pop today above that 1.80 resistance today on heavy volume. It doesn’t have a lot of chartable resistance til 2.50ish but there is some minor resistance at 2.15 but even a move to there would be a nice 10% move
NVIV - Great looking reversal candle today that could turn into a nice snapback trade.. The stock just dropped from 4.40s down to a low of .94c today so even a small bounce could be a big move. I like it for 2.00-2.40 zone for this week. Needs to break todays high and I would want it to hold above 1.20-1.25 tomorrow for support.
SPY - We are still in a wait and see mode in my opinion. The market has been holding around this 163-165 zone for the last 5 days and I am not thinking this is going to change for sometime. I am doing my best to sit on hands and wait for a better overall market movement. Right now I believe we are going to be range bound til we here from the Fed on Sept 18th. I’ll be buying dips around 163 and selling rips around 165 until something changes. This is not a time to overtrade. Very tough right now finding really great setups, and when its hard to find great setups I know better than to pretend there is something there thats really not. Cash is a position, I know its a cliche but its true.
QIHU - Holding at its 52w high now for the last 5 days showing real strength to its recent run and now is looking as if it wants to trend higher tomorrow break that 52w high at 81.94. Today we saw very big call buying take place on the 82.50x weekly calls with two big blocks going through in the morning for a total of 1050 contracts at 1.50c. Thats a pretty heavy sized bet that QIHU makes its move soon. Ill be buying a 81.94 break, this still has a almost 20% of the float short so could squeeze again.
AAPL - Going to look here for a down open and a r/g move tomorrow. I like it against 486 long, under 486 the downside could open up to low 470s but personally Im only looking for long trades on AAPL as it holding up very well during market pullback.
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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