I hope everyone had an incredible and relaxing weekend! I spent my day yesterday driving around the city on a crazy St. Patty’s day in Chicago. (Yes, I know St. Patty’s day is the 17^th…Chicago celebrates the holiday on the weekend with the dying of the river and southside parade) The city was a madhouse and the weather was perfect outside so it was a fun day to drive around and get to meet new people. I also got a little bit of studying in last night as my girlfriend watched Spotlight (I wasn’t interested in watching). I hope you’re all ready for a busy week ahead of us as there’s a lot in play. Last week was basically a break-even week for me after having my best week YTD. I was actually happy with how the week ended considering I started the week 0-3 with $150 in losses. Glad I wrapped up a $100+ win on Friday in GBIM to bring me back to basically even for the week. Patience is key here and sometimes being under the PDT Rule is really helpful for someone like myself who is still really trying to learn the ropes. Had I not been limited to that rule, I probably would have overtraded to make up for those losses and dug myself in a bigger hole. Here’s what I’ll be watching tomorrow and next week and I hope you enjoy the video lesson.

 

Follow me on Instagram and Twitter for motivational pictures, quotes and real time trade alerts. The links to my pages are below. I will be doing a lot of traveling this year and want to share my experiences with you all!

 

https://www.instagram.com/hammertimetrading/

https://twitter.com/HammerTTrading

http://profit.ly/guru/timothysykes?aff=6394

 

#Hammertime

 

ATHX – I bought this towards the close on Friday as it was holding its gains all day and finding support at $2.15ish. If this gets back down to $2 I’ll look to sell but I plan on swinging this into Monday or Tuesday depending on how this holds up Monday morning. I have a feeling we may see a little dip Monday morning but ideally I’d like to see this take out the sellers at $2.20 and $2.25 and if we breakout from there, I think we can see a nice healthy move on Monday. I definitely don’t think $3 is out of the question so watch closely. If it cracks below $2.15 and then $2.10 with ease, I may look to just cut my losses depending on Level 2.

 

GBIM – Made some money here Friday on my last day trade of the week as this was breaking out to new intraday highs. It was up big on no news really and I bought at $2.25 before noon as it was breaking out past the previous HOD. It ended up running to nearly $2.70 and I got out at $2.62 I believe or $2.61. It was moving pretty quick as it was approaching those highs and I was trying to see if it could get to $2.75 and it just couldn’t get there. There were some decent dip buying opportunities here at $2.25 and $2.00 later in the afternoon. There now seems to be some solid support at $2.00 and $2.25 so those would be two levels that I want to look at on Monday.

 

REXX – After the huge run-up at the beginning of the month, this has come back down to earth however it looks like it’s bouncing a little as of Friday. Thursday it looks like there is some support at $1.10ish, before making a nice little run on Friday. If it can breakout above $1.65ish, I’d look for this to possibly make a run however this is an energy play and has been running similar to every other energy play the past few weeks so keep an eye on the sector as a whole as well. $1.10-$1.25 would be an ideal dip buy for me.

 

SZYM – Next to ATHX, this will probably be my most closely watched stock on Monday. This couldn’t quite breakout above $2 on Friday, where it’s attempted 2 other times since the 1^st of the year. If we can see some momentum above $2 I’ll look to buy. If not I’ll look to short this at $2. This stock is down big in the past 6 months (nearly 50%) after it changed it’s company profile. They went from trying to create fuel from algae to now creating cooking oil based on algae. The stock plummeted, as investors were worried on the uncertainty of where the business was headed. Now, they received a $28 million investment, they’re changing their name to TerraVia and seems like they have a solid plan. I’m still skeptical but if it can really break out with some more volume, I can see this getting back to the $3 range sooner than later. This is definitely something to watch short term and long term.

 

THLD – Here’s an earnings winner that is breaking out above multi-month resistance on Friday. Earlier in the month, we saw this go from $0.25 to $0.45 in 2 days. It then came back down to $0.30 after 3 sessions and then gapped up and really moved on serious volume Friday up to nearly $0.60 before closing at $0.55. There seems to be some good support at $0.50ish so I would love to get in at that price with the hope of this getting back close to $1. This was trading at $5/share not too long ago and then it dropped 73% in a session because their studies of Evofosfamide didn’t meet the primary endpoint. (basically their drug failed) Later they cut 2/3’s of their workforce. Let’s see if these past 2 weeks is actually a trend reversal or if this will get slammed back down on Monday. I’ll look for the support levels to hold up before I decide.

 

CLBS – This Company is reporting earnings an hour after the market closes on Tuesday. Since February, this saw a nice reversal at around $0.50 where is spiked for 3-4 days then went sideways for a few weeks and now it’s spiking for 3-4 days prior to earnings. I don’t want to guess earnings so I probably wont play this until after Tuesday. If earnings are shit, this will get slammed back down to the $0.60’s or even $0.50’s easily.

 

TPLM – This was a monster 2 weeks ago and since has sort of fizzled. Very similar chart to REXX so I want to see if we can see where that rebound is going to be. Friday this didn’t really do much however it did find some support it looks like at $0.98ish. I can see this rebounding 25% or so in the next few days as a rebound like we see on a lot of former runners that fade a few days or weeks after the initial spike. If I miss the bounce and it does get close to $1.25, I’ll look to put in a short order as it hasn’t been able to breakout above that level since the initial spike and drop.

 

 

Also on the radar: PBMD, VCEL, AVXL, CIE, HK