I hope everyone is having a great night so far! Today was a solid day as I crossed $6k in profits (before commissions) on my overnight swing in CJES and my afternoon day trade in EBIO. I am still in CPST and DSX, which I know a lot of you have been freaking out about because I haven’t exactly stuck to my plan on either of them. CPST crashed late in the day and unfortunately I missed it because I was at the roof. DSX has fallen back-to-back days and if it doesn’t get some momentum tomorrow I’ll get out. You guys have to understand that my risk/reward sometimes has a little bit of leeway and if it’s something that I personally am confortable with adjusting and I end up losing more…that’s on me. You guys really need to do your own due diligence when getting into a trade and not relying on my alerts and thesis. I’m only right 65% of the time so please understand that if you get into a trade because of an alert (whether its me, Tim or someone else), you MUST do your own due diligence and come up with your own risk/reward. My risk tolerance may be higher or lower than yours and that’s fine. Everyone has his or her own comfort levels and if I decide I want to risk a little more than I originally planned, THAT’S ON ME! Cool? Good, I’m done ranting haha. Here’s what I’ll be watching tomorrow and I hope you all have a great night! DREAM BIG!!

 

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EBIO – I was already at the rooftop when I noticed all the chatter that this was spiking in the morning so I missed the initial run up to $2.10. I did see it midday when it was holding right around the $1.70’s and it seemed as if there was some good support there. I decided to get in at $1.73 risking $0.03-$0.05/share with the goal of it breaking out past the $1.8- intraday resistance. When it did that after about 30 minutes of nothing, it spiked, came back down but held $1.80 and then started ramping up to the $1.90’s. It failed there the first time and I decided to get out since there was a big wall of sellers at $1.93 for a $170 profit. It cracked back down to $1.80 and then spiked right back up before crashing a little at the close. This has proven in the past that it can squeeze a lot on a Friday so I’m curious to see how this acts in the morning. If it can hold $1.70ish again tomorrow, I may consider going long again depending on the price action in the morning.

 

XGTI – This has been on a nice little run the past week since the tank after the big green candle on the 23^rd. Today it broke out to new highs towards the close and I’d love to see if it can breakout above the $0.2178 resistance tomorrow. If so, I think this can run back towards the high of $0.289 from the 23^rd. I would certainly be careful here because this can easily lose 30-40% of it’s value very quickly so set your stop loss tight!

 

TPLM – This was a big winner back in March when it spiked from $0.32 to over $2 in 4 days. The volume has been increasing the past few days and we finally got back-to-back green days in a row. If this can re-break $0.20 in the morning, there is quite a bit of upside here. If it can get more volume and really start squeezing on “Short Squeeze Friday”, I wouldn’t be surprised to see $0.30ish. $0.19 would be my ideal buy risking only $0.005 or so.

 

Secondary Watch: AVXL, VLTC, CPST, DSX