4-20 Watchlist 

 

For overall markets we should see some volatility as it’s a big earnings week this week. Almost 1/5th of S&P 500 companies are expected to report earnings. The numbers will only show the first three months of the year and won’t factor in the hardest hit month of April. May 1st nears and the talk of reopening the country will flood the media. In other bizarre news, Mark Zuckerberg said last week that he will cancel all large, in-person events through June of 2021. As of writing futures are flat.

 

TRNX- will be on my radar again as it moved over 100% intraday before consolidating where it still held gains. 50 cents will be the key target breakout point as it was halted just shy of it Friday.

 

EROS- said on Friday it would merge with a U.S.-based privately held media company STX Entertainment which shot the stock up nicely. As Tim always says “buy the breakout” and this thing is clearly breaking out. I’ll be watching to see if it can break $3.50 where it was stopped just short.

 

BCRX- is a stock from a few days ago but I’m adding it again because after a day or two of sideways/slight down action this thing spiked again Friday. I’ll be watching this closely as it is a little choppy but is making multi-week highs.

 

TROX- traded over 20% Friday morning after the company announced preliminary results for first quarter. After failing to break and hold $6.00 on many separate occasions in the last month or so it finally successfully did. I’ll be watching a push to $6.50 and a breakout past that to buy.