Waiting Game

$SB - Been on an uptrend for a couple weeks and finished red on the day for the first time in a while signaling a potential trend change. History tells me it's going to have a dollar of downside now since this is the 3rd time it does this, so for long term shorting would be a great time now. Will be interesting to watch.

$CODX - Been on a choppy untrend for a couple weeks now on good news but starting to hit the IPO-YTD resistance marks, could see a breakdown into a bounce or be a wild breakthrough, either way is profitable next few days.

$MEIP - Been on an uptrend last 10 days coming back from its 2015 drop off. Had an SEC filing after hours tonight earlier tonight so will see how market reacts to it. Technically it is overextended by a dollar or so, but could go either way. 

Gap-ups

$VBLT - This one cucked me on 6/6 with in choppyness, completely shook me out. Finished green on the day with solid news so maybe see a gap up tomorrow.

$SNES - Regained compliance with the SEC. Missed a good bounce play hitting 6/5's highs on the dot and finishing green on the day. Will be looking for a spike. 

Super-Nova's 

$AXON - Infamous AXON being up 200% on a Wednesday, will be on everyone's watchlist. As for me even though it has great news with the Parkinson's disease could be slightly overextended, will watch pre-market movement and will NOT trade first 10 minutes of trading day to let it figure itself out. Could be a good long on the bounce or the spike straight out of the gates.

Players

$CANN - Had a ridiculous green day on a SEC Filing. Pot stocks are soon-to-be hot sector so will be a good spike play to buy into AFTER the market figures itself out first 10 minutes. Has great lvl 1 numbers & a complete trend change.

 

Final Word: 

I'd say all of these except the final 2 are speculative plays I'm not all that comfortable playing on 6/7 mostly because I'm not super fluent with the patterns but will definitely be on high-alert watch on the gap-ups in addition to the super nova and the CANN.