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Showing posts from January, 2018

Swing trade setups for next week

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( click to enlarge ) The stock market�s rally has been impressive since the start of 2018. The major indexes are now up about 8 percent in just one month, pushing RSI readings at levels not seen for a long time. As I mentioned on twitter yesterday, high RSI readings are usually interpreted as indications that a market is overbought, and 88 is a pretty high level for the RSI specifically in an index . So, based on that factor, i recommend you to be prepared for a potential pullback by holding a diversified portfolio with some protection because nothing can go up forever. I started buying some volatility last week as I think this market euphoria could end badly without some kind of consolidation or correction, and the volatility will be back again and much bigger than what we've seen before. That�s my thoughts and it must be seen as such, just a thought with some rationality. Honestly, i believe the easy gains have already been made in this market, and the losses on any downside move...

Stocks to keep an eye on Thursday, January 25

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( click to enlarge ) MannKind Corporation (NASDAQ:MNKD) is lining up for another serious bull run and it has the potential to become one of the most explosive breakout play opportunities for tomorrow due to its high short interest. Today it had a great move on the upside and closed at $2.69 on high volume. The stock is setting up to break out and has one more level to go, which is $2.73. A break above this resistance should at least push the stock to $3.5 per share. Long setup on watch. ( click to enlarge ) DPW Holdings Inc (NYSEAMERICAN:DPW) basing here. The buy/add point would be when it breaks over 2.57/2.62 area on heavy volume. Stop 2.01 ( click to enlarge ) Anthera Pharmaceuticals Inc (NASDAQ:ANTH) had a remarkable move up today with very high volume. Looks good over $1.92 on volume. The short-term uptrend is intact and signals further bullishness on this stock. ( click to enlarge ) I have been watching Gogo Inc Presbia PLC (NASDAQ:LENS) over the past few days, waiting for a pos...

Stocks to keep an eye on Monday, January 22

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( click to enlarge ) Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) failed to close over the 200-day exponential moving average on Friday, now located at $2.42. A close over this level would be very bullish. I will watch the stock next week for a continuation move. Resistance for this move is $2.7, which reflects Friday�s high of the day. If RNN does break resistance, I expect to see the stock move very quickly. Long setup on watch. ( click to enlarge ) Extremely bullish moves on the stock have been taking place over the last weeks. Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) hit a new high on Friday of $6.4, which is now resistance for Monday�s continuation move. If the stock can break through resistance, we should see another strong upside move. ARWR will move very quickly, so watch the stock closely next week. ( click to enlarge ) Sunshine Heart Inc (NASDAQ:CHFS) displayed some impressive relative strength with a 8% gain on volume. The area comprehended between 4.4 and 4.86 represe...

Trade ideas for this week

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( click to enlarge ) Shares of Atara Biotherapeutics Inc (NASDAQ:ATRA) closed on Friday gaining more than 27.54% accompanied with heavy volume. The stock has been on one of the most amazing runs of this month. On the daily technical chart, the stock is in a strong positive trend after it broke out from a large base-building consolidation. At current levels the stock is extended with RSI at 89. I'm bullish on ATRA, but in situations like this, I prefer to wait for a pullback rather than chase the market. ( click to enlarge ) Ocular Therapeutix Inc (NASDAQ:OCUL) broke and closed above the key resistance zone at $5, signifying that a new short-term uptrend is in place. Further rise is expected to $6.25 zone. Daily technical indicators are also showing signs of recovery. Long-term investors may hold with a stop at $4.71. Let's keep an eye on it as i think momentum will pick up. ( click to enlarge ) AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is gathering momentum to the upside and the...

Stocks to keep an eye on Friday, January 12

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( click to enlarge ) Rite Aid Corporation (NYSE:RAD) showed some strength on Thursday and closed nicely above the 2.27 resistance level on solid volume. This could be a significant turning point for stock. ( click to enlarge ) The money seems to be flowing into One Horizon Group Inc (NASDAQ:OHGI) as indicated by the OBV indicator on daily. With no resistance between $2 and $2.78, a break above the $1.75 area can see the stock trade in the $2 area pretty soon. Im long and strong with a stop around the 1.38 area. The key technical daily indicators have also begun to turn bullish, with key EMAs displaying a golden-cross following today's move. Have this on your watchlist. ( click to enlarge ) Caterpillar Inc. (NYSE:CAT) remains very strong on charts. She's extended but no one seems to care. I would wait for a little more consolidation before jumping in, but it looks like CAT is a stock to keep an eye on for awhile. So, I will be watching her carefully for any possible opportunitie...

Stocks to keep an eye on Wednesday, January 10

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( click to enlarge ) Helios and Matheson Analytics Inc (NASDAQ: HMNY) A break and close above $7.75 might trigger further gains in the near term. Daily technical indicators are turning bullish. ( click to enlarge ) I think Pyxis Tankers Inc (NASDAQ:PXS) has found support around the $2.2/2.30 range and looks poised to post a strong bounce from here. We could see a possible bounce up to $3.5-$4 a share if it can get passed the resistance at $2.99. I bought few shares on Tuesday. ( click to enlarge ) Sunshine Heart Inc (NASDAQ:CHFS) Still watching for a move out of this bottom trading range. Big volume on up days lately. This stock has a lot of potential for a squeeze. On watch. ( click to enlarge ) vTv Therapeutics Inc (NASDAQ:VTVT) Watch for the break of this bullish flag formation, go long when it breaks. ( click to enlarge ) LiNiu Technology Group (NASDAQ:LINU) Closed back above the EMA200. Watch for this one to go higher, the stoc had good volume and a nice big candlestick on Tuesday...

Stocks to keep an eye on Friday, January 05

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( click to enlarge ) Chinanet Online Holdings Inc (NASDAQ:CNET) saw its shares surged almost 780% to $9.56 per share today after announced a strategic partnership with Wuxi Jingtum Network Technology and the expansion into the blockchain industry and its related technology. Looking at this monthly chart, the stock has a strong resistance around the $13 level. We can expect to see a huge volatility in the stock, so play with tight stops. ( click to enlarge ) Izea Inc (NASDAQ:IZEA) another low float stock that could be in the early stages of a technical breakout. If the stock can break through 5.6 level, expect to see heavy volume drive the stock higher. Next resistance lies around the $7 area ( click to enlarge ) Zix Corporation (NASDAQ:ZIXI) Volume starts to pick up. Could make a nice move to the upside. A break of $4.65 with force might give the stock room to $5.20 ( click to enlarge ) China Information Technology, Inc. (NASDAQ:CNIT) had a nice breakout with a pop of 45c to $2.02 or 2...

Stocks to keep an eye on Wednesday, January 03

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( click to enlarge ) What a rally for this stock late in the day. Helios and Matheson Analytics Inc (NASDAQ:HMNY) is a stock that is still flying under the radar of so many traders. Lets see if we can get a move back over $7.40 (200-day EMA) tomorrow. If the stock closes above this key resistance level, you could see a big turnaround in this stock. ( click to enlarge ) Pareteum Corp (NYSEAMERICAN:TEUM) cleared resistance on expanding volume and looks ready to extend recent its gains. The technical chart is still showing buy signal with stock trading above all key exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $3.15 ( click to enlarge ) Intrexon Corp (NYSE:XON) broke out in a big way on great volume. I think we'll see some nice follow through tomorrow. ( click to enlarge ) My Size Inc is back on the list for Wednesday�s trading session. Nice bullish candle on high volume today. Looks like higher prices to come. The company will release a technol...