Notes: this is for the entire week. Not necessarily a move during Monday morning. I have learned in the past that my impatience has cost me profits so it's all a matter of letting the opportunity present itself. These tickers are in addition the to previous earnings/contract winners, biotech runners, and crap news tankers that are always in play.

These are just a few that have recently peaked my interest:

 

$CLF: Seems to be bucking the news trend. Daily chart has a longer term cup and handle forming. Recent high around 3.75 looks doable. Daily volume has picked up about 20 to 30%.

$PDLI: Previous earnings winner and the bottom looks like it is in on the daily. If 3.40 is broken to the upside watch 3.50 (nice round resistance number) as a daily resistance break which was previous support a few times recently on the daily. 

$SDLP: Keep an eye on 4.00 for a break to the upside but the daily buying volume is leveling off so make sure the volume is there per your trading timeframe.

$NMBL: Relatively unknown previous earnings winner that looks to be getting life. A break of 8.50 could easily move this up to 10.00. This is a questionable play; 7.80 needs to get broken intraday. Stock has a short float of almost 13% which might beat down any rally.

Just a word about the short % float and squeezes, and again this is just my opinion...

Just because a stock has a high % short float does not mean it is going to squeeze during the day or during power-hour. High % short floats are there for a reason because those holders are simply bearish for whatever reason. Stock rallies can easily be stopped by more shorts coming in to kill any upward move. Why? Because those seller accounts are several digits larger than yours and they have no problem selling 5000 more shares against your 50 share lot.

Rallies do and will happen to make a stock squeeze just be aware that you need a huge amount of sudden buying volume to make it happen.

Trade smart.

Palmer

The Penny Stock Quest