Hey huys hope you doing good and SHEW what a crazy day yesterday. Its days like this that will keep a already experienced trader in tact and that will like a drug get new traders addicted. Who was trading yesterday a couple of the crazy names knows what I am talking about. CBIO- FML what was that. A mill dollar float traded 20mill shares and was up almost 300% at one point, but ended the day 200% in the green. Talk about float rotation and a squeeze LOL. Its plays like this that traders make the big $. So cherish them and never fight names like this when they are in the middle of the momo RUN. DFFN up 82% AKER 68% lol, plays all around. My list like you can see on yesterdays scan was nailed to the last detail. APOP all day fade, SNAP also on FB news. CARA was the only one that didnt listen, and I took a loss but the others made up for it big time. On to today's scan and potential money makers.
STOCKS
CBIO- WOW what a stock. Crazy low floater and runner. Still have a small position left in it from yesterday with a decent avg. Im in the green but this is so unpredictable that who ever trades it has to do so with extreme caution. The spread is big and the swings are huge so do not get caught in it please. Its gapping around in PM with some small vol but in general I am looking for atleast a short term continuation in momentum. So all I want is a spike in the open. So i can sell my shares as high as possible and maybe scalp with some more. Def created some support and a base around 14$ so if looking to go long after washes thats where I would look to buy. I am not looking to short this today at all unless, the same action like yesterday happens just opposite. But I doubt it. So in general a reactive scalp on this. PT test of yesterdays HIGHS.
DFFN- Another big winner yesterday. gaping a bit down which is perfect for the chasers to get out and let people who think about their trades jump in when the time is right. So ideally washes to the first res lvl which is 4.50$ and yesterdays double top. so just under that is where I would look for an entry. PT 5.5$ or maybe even 6$.
HTGM- The annoying one as I call it. looking for a bounce today- the markets are up but it hasnt exactly had an effect on this annoying little crazy stock. So the 7$ level is where I am anticipating a bounce from. hope it gains some vol and momo so it has the power to run. PT 8$
VRTX- higher prices stock but like the TSRO trade yesterday with 200 shares - I hade about 500$ profits. So its gapping up over couple resistance points from last year. It has the tradition for continuation gaps, so I would look for a nice open and to jump on with couple hundred shares to capture the meat of the move. On that small amount of shares I can risk a bit more than often so its not a difficult play. PT 106-108$
ECONOMIC CALENDAR
- MBA Mortgage Applications 7:00 AM ET
- Charles Evans Speaks 9:20 AM ET
- Pending Home Sales Index 10:00 AM ET
- EIA Petroleum Status Report 10:30 AM ET
- Eric Rosengren Speaks 11:30 AM ET
- 2-Yr FRN Note Auction 11:30 AM ET
- 7-Yr Note Auction 1:00 PM ET
- John Williams Speaks 1:15 PM ET
/CL - Another inventory day and with last weeks not that good numbers and still the bounce in crude I am hoping for a bigger than expected output cut and another strong day on the CL. The forecast for this weeks output is 1.357mill . Again like a parrot I am repeating some stuff be careful today on the CL because the spike and huge candle will happen and stop everyone out like every week so either be prepared for big risk - which can turn into gambling or dont trade and trade afterwards. Hoping for a bigger cut and that big green candle today like the one yesterday. It bounced pretty much exactly the prices where I predicted. The 48.40-48.50 level is the one that will be the first to be tested. but in general hoping for a finish over 49$ today, unless some very bad numbers hit us.
Good luck guys as every week on Wednesday be careful with trading oil sector and CL itself. good luck and have a good one today.
Nice ..took wft this morning for 300
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