MAIN STOCKS I AM GOING TO WATCH ON MONDAY AT THE OPEN:

• HEAR (long/short) - I made a good trade on HEAR on friday. It`s an earnings winner which i bought late-day because of the multi-week breakout. Wanted to hold over-weekend but it has reached my profit target so i have sold entire position and i don`t need to worry. At the moment i am only interested to buy it on a dip. Maybe a weak open/panic which i doubht it will happen. In case of a gap-up an morning spike i am actually interested to short it for a pullback. There is some overhead resistance in the $2.00 and low $2.00 so this will be my guide for risk. 

 

• FNMA (long/short) - FNMA was a nervous bomb for me on friday. I was shorting it three times and everytime i made a loss. It didn`t bother me much because i knew that when the top will came i will get it all back. Unfortunatelly stock panicked without because i didn`t get my fills and i was really pissed. To my luck i catched almost the exact bottom and got my money back on the bounce. It`s is hard for me to trade OTC stocks because i don`t have level 2 for OTC. Anyways at the moment i don`t have exact plact for FNMA. I am still going to watch it closely for possible setups on the long or short side. Now that this stock is in play i want to use the advantage of it because it can offer some good trading opportunities. I quietly hope that it will go higher for some shorting opportunities later on. 

 

• WLTGQ (short) - Another OTC stock with over-extended chart. On friday it had it`s first red day but it has held on. Tomorrow i am going to watch the $0.25 area which is resistance just above. I am hoping for a failed morning spike towards that area because this could trigger a nice panic down to $0.15 cents.

 

• FOLD, KERX, EXEL (short) - Those are all biotech companies which chart is getting over-extended. Watching at the 5 minute chart for last few days, the price-action is pretty much the same. Daily chart is getting over-extended and none of them has had any major pullback. I am hoping for another push up and than a pullback. I am interested to short them into a further spiking.  I don`t say i am going to short and hold that they will go back from where they have came from. My goal is just a 50 cents to $1.00/share pullback which i think is possible. 

 

Some other stocks i have on my radar:

• CARA, STEM, DRYS, IONS, PTCT

 

And probably tomorrow in pre-market there will be some new interesting plays.

Have a great day and stay safe!

Matic