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Weekly Stock Market Newsletter – July 8, 2019

Weekly Stock Market Newsletter: July 08, 2019

July 08, 2019

Hello there! Below is your edition of this week’s newsletter. We hope you have a great trading week! 

 

Current Futures

DOW:

 

S&P 500:

 

NASDAQ:

Open at 4 pm est

BITCOIN:

 

GOLD:

 

State of the Markets

Jobs report for June beat expectations in a major way and markets dropped a full percent on that news. Why? Because people are now scared that a strong economic piece of data like strong jobs is now going to make the fed not cut rates, or at least not as sure of a thing. It’s all outrageous. Investors would rather a weak economy and low rates than a strong economy and higher rates. All pretty backwards truthfully. But, the markets bought that dip heavily and we saw new all time highs from multiple different names. Still a bull charge moving forward. Investors are looking for ANY reason to buy right now. It’s a total euphoric feeling out there. When it comes to an end it will definitely burn some people, but as of now there are no signs of slowing, and I expect a pretty strong and significant green week from markets.

Stocks To Watch This Week

CRWD

CrowdStrike ($CRWD) is a cyber security company and a fresh IPO that has really been buzzing as of late, mainly due to one of their competitors ($SYMC) having rumours of getting bought out by a major company. Even before that news though this name has been crazy strong since its IPO day holding gains of over 100%. I really like this name, and I mean REALLY like this for a move to new all time highs in the coming week up and over $80. It’s a bold call that all starts with a high volume breakout over $67.50, and then a high volume breakout and hold of $70. Those two things should relly cement this to make the $80+ move, especially if we get more confirmation about the SYMC buyout.

NFLX

Netflix ($NFLX) had a great past two weeks and i’m expecting it to only get better with the HUGE hit of “Stranger Things” surpassing peoples expectations. Expect soem news release on how hot that has been for them this week. It dropped on July 4th and the reviews have been amazing. This is on a road to $400 as long as markets dont give out. Love this for a long up and out of this wedge.

$CDMO

Avid Bioservices, Inc. ($CDMO) is a Biotechnology company in the Healthcare sector. This low-float penny runner had an impressive end to the week, after releasing an earnings beat on Friday morning. The stock price rose right at +40% after revenues rose 146% year-over-year, and had $32.1 million cash on hand to close out last quarter. It does not take much momentum to push the low share float stock to the upside, so expect breakouts to provide significant upside potential. I plan to day trade this over the $5.70 natural resistance for the technical breakout!

$OASM

Oasmia Pharmaceutical ($OASM) is a Major Drug Manufacturing company in the Healthcare sector. This low-float penny stock went parabolic Friday morning, before selling off below $2.00 (still closing +63%) in after-hours trading. The stock was moving on news of management solving their outstanding debt balances. The sell-off during midday on Friday created an interesting breakout opportunity over the $2.40 natural resistance. I plan to day trade this over that $2.40 resistance as it attempts to fill its intra-day gap!

$MAXR

Maxar Technologies, Inc. ($MAXR) is a Communications Equipment company in the Technology sector. This lower-float penny stock has seen impressive bullish sentiment over the last week or so, moving from lows of $7.41 to highs of $10.10 in the previous 5 trading sessions. The company received an Outperform rating with a price target of $20/share by Raymond James last Wednesday, and has made higher highs ever since. I plan to day trade this over the $10.10 critical pre-market resistance level as momentum carries into Monday morning!

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Earnings Calendar

Quote of the Week

“When one burns bridges, what a nice fire it makes.”

– Dylan Thomas

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Weekly Stock Market Newsletter – July 1, 2019

Weekly Stock Market Newsletter: Beginning July 1, 2019

July 1, 2019

Hello there! Below is your edition of this week’s newsletter. We hope you have a great trading week! 

 

Current Futures

DOW:

+176 (+0.66%)

S&P 500:

+20.75 (+0.70%)

NASDAQ:

+89 (+1.16%)

BITCOIN:

-1495 (-11.87%)

GOLD:

+15.60 (-1.10%)

State of the Markets

Another wild week for the U.S. stock markets! The Dow Jones, S&P 500, and NASDAQ gained another 2.2%, while Treasury yields were down around 2%. This is attributable to positive trade war talks with China. 

Let us not forget about Oil as well, up over 9% the past two weeks alone, as disasters in Iran escalated supply.

Bitcoin plummeted back below the $10,000 mark last week, after momentum faded away from Facebook’s ($FB) release of Libra, the company’s own cryptocurrency. We all know how volatile Bitcoin (as well as other cryptos) can be, but the 11% drop in /BTC futures show that maybe the world is not quite ready for this yet,

Be ready for another volatile (and exciting) week ahead, as investors are still bullish after the Feds hinted at rate cuts this summer.

Stocks To Watch This Week

$L

Loews Corporation ($L) is a Property & Casualty Insurance company in the Financial sector. Unlike other Financial stocks in the industry, Loews Corporation has a lower share float and adequate range, making it easier to day trade on a regular basis. The market gap up from last Friday morning created a nice trend-line that held throughout the day, but I expect we see some profit-taking out of the gate Monday morning. On this sell-off, I plan to dip buy this at the bottom of the gap fill, at $53.90. for the gap fill reversal pattern!

$CDMO

Avid Bioservices, Inc. ($CDMO) is a Biotechnology company in the Healthcare sector. This low-float penny runner had an impressive end to the week, after releasing an earnings beat on Friday morning. The stock price rose right at +40% after revenues rose 146% year-over-year, and had $32.1 million cash on hand to close out last quarter. It does not take much momentum to push the low share float stock to the upside, so expect breakouts to provide significant upside potential. I plan to day trade this over the $5.70 natural resistance for the technical breakout!

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Earnings Calendar

Quote of the Week

“There is just one life for each of us: our own.”

– Euripides

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Weekly Stock Market Newsletter – June 24, 2019

Weekly Stock Market Newsletter: June 24, 2019

June 24, 2019

Hello there! Below is your edition of this week’s newsletter. We hope you have a great trading week! 

 

Current Futures

DOW:

-102 (0.38%)

S&P 500:

-11.75 (0.40%)

NASDAQ:

-26 (0.33%)

BITCOIN:

+390 (+4.05%)

GOLD:

+6.10 (+.44%)

State of the Markets

What a week for the U.S. stock markets! The Dow Jones, S&P 500, and NASDAQ gained at least 2.2%, while Treasury yields were down around 2%. Not to mention Gold, which has been absolutely booming lately; the recent rally has pushed Gold up and over $1,400 for the first time in almost 7 years. 

Let us not forget about Oil as well, up almost 9% this week alone, as disasters in Iran escalated supply.

Even with the tremendous amount of gains made from the U.S. markets this month, (DOW on pace for the best June in almost 80 years) the recent craze has been focused on Cryptocurrency.  Bitcoin surpassed the $10,000 mark this week, backed by momentum of Facebook’s ($FB) release of Libra, the company’s own cryptocurrency. We all know how volatile Bitcoin (as well as other cryptos) can be, but the recent upward trend action is nothing short of parabolic. Looking at futures now, Bitcoin is up another ~+4.5%, a common trend seen in recent weeks.

Be ready for another volatile (and exciting) week ahead, as investors are still bullish after the Feds hinted at rate cuts this summer.

 

Stocks To Watch This Week

OSTK

Overstock.com, Inc. ($OSTK) is a Catalog & Mail Order company in the Services sector. This low-float stock went absolutely parabolic late in Friday’s trading session, after the company announced that there is acquisition interest (retail business) from multiple companies. The CEO stated that it is likely they sell, so the company can focus on cryptocurrency (blockchain) to further expand their business. Although this news isn’t overly tangible, the low share float and extremely high short float make this a nice technical setup. I plan to day trade this over the $11.92 critical resistance level!

PTN

Palatin Technologies, Inc. ($PTN) is a Diagnostic Substances company in the Healthcare sector. This higher share float penny stock gapped up Friday evening during after-hours trading, on news of receiving a $60 million milestone payment from AMAG Pharmaceuticals (see below). The payment is attributable to an FDA approval of AMAG Pharmaceuticals new drug Vylessi, which Palatin has a North American licensing agreement with. I expect this to run in sympathy with $AMAG on Monday, even with the higher share float. I plan to day trade this over the $2.21 critical resistance level as momentum continues into Monday morning!

AMAG

AMAG Pharmaceuticals, Inc. ($AMAG) is a Biotechnology company in the Healthcare sector. This low float penny stock received a positive news catalyst on Friday evening, an FDA approval of their new drug Vylessi (boosting sexual desire in women). As mentioned above, Palatin Technologies is in sympathy with this due to their licensing agreement. This stock has an incredibly high short float, making this prime for day trading. I plan to dip buy this at the $9.45 critical support level, which was tested three different times on Friday. This also has potential for a technical breakout over its after-hours high of day! 

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Earnings Calendar

Quote of the Week

“Be sure you put your feet in the right place, then stand firm.” 

– Abraham Lincoln

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