The SPY and DIA are on runs with all-time new highs. The SPY may find resistance at 2350 and the DIA at 20500 where it is now, only price action will tell. The IWM is still dealing with resistance but is holding above the  descending triangle so it looks good so far. Gold is pulling back to a level of support and oil continues to be midrange.

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2 Day Trades until Tuesday

3/5 CRMD- $1.22M last traded, rel vol 1.46, Biotech, 38.75M float, 9.26% short @ ratio 18.02, 16.5 days to cover, IO .5%, no recent news since the 1^st of them adding two members to their senior leadership team. This has been up trending nicely since the beginning of the month with no large gains in a single day and measured consolidation on an intraday basis. This pulled back the last two days and is looking to retest with a gap up AH on no volume. If it holds we could see the breakout though it will likely fall back to the 200DSMA where it was yesterday. I would like to get in on a break of 2.50 and aim for $3 but with no news and shorts present I may want to see the breakout confirmed before getting in. This could be a swing up to 3 days.

2/5 URRE-$2.66M last traded, rel vol 2.29, Industrial Metals & Minerals, 20.41M float, 11.66% short @ ratio .79, IO .10%, news from the 13^th of their preliminary 2016 results with earnings due to come out on the 23^rd.PM news on the 8th of them cancelling an emergency shareholder meeting due to lack of attendance but moving forward with paying 5.5M to close a debt. The SEC filing was posted confirming this AH on Friday. I would need to wait for a break of 2.60, due to the shorts and intraday resistance, at which point I would look for $3.

EVOK- $279K last traded, rel vol .11, Drugs Generic, 9.5M float, 15.29% short @ ratio 1.4, 1.5days to cover, IO 32.37%, PM news today that the FDA exempted them from a HF validation study ahead of their NDA which should be submitted by the end of 2017. They were also upgraded  1/30 by Laidlaw with a PT of $8. This play may already be out of my reach. It shot right up to 4.60 in the PM and even if it comes down for a dip, the profit window will likely be too small for my small account.

 

VNCE- $5.41M last traded, rel vol 4.44, Textile Apparel Clothing, 48.77M float, 7.79% short @ ratio 6.67, 6.5 days to cover, IO 56.87%, AH news on the 13^th that they mutually agreed to end their consulting agreements with co-founders and that their objectives were basically met. They hit a 52week low yesterday. This may try to bounce off its lows on the daily. The only safe “breakout” entry would be at 3.00 with a target of 3.50. The RSI is quite low as well.