I am traveling out of the country this week, so no trading for me.

A sloppy day in the markets today with a mixed finish.   Cannabis stocks seem to be coming back into favor.  Watch CBDS as it is trading right at resistance and I would look for it go higher if it breaks through.  Biotechs (LABU) made a nice move at the end of the day today.  It is forming a strong pattern and I am still looking for biotechs to be one of the leading sectors in the coming year.

APRI: Stock built a base in the $1.00 range the last month and then exploded today, trading as high as $4.06 closing on the day at $2.86 on a monsterous 52 million shares.  I am only showing this chart as sometimes, stocks with this type of momentum will continue on the next day.  so, a break above today's high and $5.00 is the target. 

CARA: Stock had a nice move today trading as high as $12.04, closing at $11.89.  It is trading at the lower edge of its up trending channel.  But, it is coming up to a resistance level and needs to break $12.74 for me to look to go long.  If it should, then $15.00 and $17.25 are my targets. Shorts, 4 days to cover.

LIFE: Here is a stock that has come down from $22.00.  Today it popped up breaking the long term declining tops line. It traded as high as $3.45, closing at $3.25.  It has a triple top at $3.85 it needs to get through.  If it can, then $4.40 and $6.00 are the targets.  I am sure the shorts will be lining up at $4.40 so watch that pivot point for th edirection yo want to trade.

ZYNE: Stock continues to preform well from my $12, $16.50 and $20.00 alerts I have given.  Today, it traded as high as $23.00 but selling off sharply after hours on the announcement of a financing.  I understand, though, that the financing is way over subscribed.  So, I am not expecting a negative chart going forward.  As such, it may consolidate in here, but a trade over today's highs and I would look to go long.  Targets are $25.00 and $32.00.  Shorts 8 days to cover.