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Weekly Newsletter – June 17, 2019

Weekly Stock Market Newsletter - June 16, 2019

June 17, 2019

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

 
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Current Futures

DOW:

+68 (.26%)

S&P 500:

+7 (+.27%)

NASDAQ:

+33 (+.43%)

BITCOIN:

+765 (+9.06%)

GOLD:

+1.3 (+.10%)

State of the Markets

Market futures are currently heading toward 6-week highs here in early futures trading. There is major anticipation of the fed cutting rates soon, as early as this week, but more than likely next month. However, with markets running up in the way that they are over the last week, the sentiment could quickly change. It’s a total mess out there. Be sure to stay ony our toes and remember what i’ve talked about the “shock factor” and how that will influence how to safely play these markets be it long or short.

KAF Stock Picks

Written By: KAF – Lead Stock Trader

BYND

Beyond Meats ($BYND) is a producer of alternative meats. The stock has soared as much as 800% since its IPO which was just over a month ago. The short squeeze has been incredible, but like all short squeezes, they come to an end. My ultimate price target for this stock, and my honest valuation of the stock is $21 a share. Before we see that level though it will likely be 12-18 months. However, for a short term trade, I am anticipating a quick gap fill down to the $100 level, by this Friday, or next Friday at the latest. You will notice the major gap to be filled under critical $125 support and on Friday we saw some very important intraday trend support breakdown which will helped be a trigger to the bigger spillout. The most important level on this name is the $150 level, that marks a 5 day trendline breakdown, and from there there isn’t much until down at $125, and under that we officially have a gap fill to $100. $100 is an important natural levle but also psychological level due to it being the level that the stock was flating around before its recent earnigns release. By August 1 i’m anticipating this stock is floating around the $80-$90 level which is about a 50% pullback from this level.

Penny Stock Picks

Written By: CQB – Penny Stock Moderator

TLRY

Tilray, Inc. ($TLRY) is a Cannabis Manufacturing & Distributing company in the Healthcare sector. This company received a nice sympathy move from its coupled news catalyst with $NEPT on Friday. Neptune Wellness ($NEPT) signed a multi-year extraction & purification deal with Tilray, which is why we see the upward action from both companies. As Cannabis stocks heat up ahead of earnings, I expect this stock to continue its momentum on Monday. I plan to day trade this over the $39.00 natural resistance level!

SENS

Senseonics Holdings, Inc. ($SENS) is a Medical Appliances & Equipment company in the Healthcare sector. This company got a boost earlier last week from news of FDA Approval for its “Non-Adjunctive Indication For Eversence CGM System.” Since the fresh momentum faded away, it has sold off, down to lows of $1.85 on Friday. During after-hours though, it began reversing out of its downtrend and testing the $2.00 whole dollar resistance level. The resistance points are a bit choppy between $2.00 – $2.05, so I plan to day trade this over the $2.05 level for the confirmed trend reversal!

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Earnings Calendar

Quote of the Week

“Zeal is a volcano, the peak of which the grass of indecisiveness does not grow.” 

– Khalil Gibran

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Evening Stock Watch-List: June 14, 2019

Stock Watchlist - June 14, 2019

June 14, 2019

Hello there! Below is your edition of this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

+43 (.16%)

+2.50 (.09%)

+9 (.13%)

-20 (-.24%)

+2.3 (+.17%)

LULU

LULU Lemon Athletica ($LULU) is an athletic apparel company that in recent years has taken the crown in terms of quality clothing. The company released strong earnins this morning and sol doff all day nearly to gap fill territory. For full transparency you should know I am already long this stock from a $176 average. This name gave us some really nice signs of curling and finding buyers as we headed into close, and I anticipate this to finish the curl and retrace action, all initiated off of new “recent” highs which would be over $174.75. That should be a safe entry point, if you really want to wait for confirmation than over roughly $175.80 is your entry point. Price target 180+, very likely could take into next week. Don’t get antsy with this. Stay patient. Sub 170 is mental stop.

LEN

Lennar Corporation ($LEN) is a Residential Construction company in the Industrial Goods sector. This company has been on a nice long-term trend the past year, and it looks to be only going up from here. The stock got a price target upgrade and Outperform rating from Wedbush and Raymond James today, pushing the stock up nicely. I expect the strong uptrend to continue tomorrow, and I plan to day trade this over the $53.25 natural resistance level for the technical breakout!

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“Courage is fear holding on just a minute longer.” 

– George S. Patton

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Evening Stock Watch-List: June 13, 2019

Stocks to watch: June 13, 2019

June 13, 2019

Hello there! Below is your edition of this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

-62 (-.24%)

-5.75 (-.20%)

-23 (-.31%)

-20 (-.24%)

+2.3 (+.17%)

HEB

Hemispherx Biopharma, Inc. ($HEB) is a Biotechnology company in the Healthcare sector. This stock gapped up near the end of the day today, getting halted a few times on the way up, on reports of treating their first patient in their mid-stage Ovarian Cancer clinical trial. This stock does not have a micro-share float, but still low enough (78M) to provide a significant technical breakout to the upside. I plan to day trade this tomorrow over the $6.10 natural resistance level!

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Evening Stock Watch-List: June 12, 2019

Stock Watch-List: June 11, 2019

June 12, 2019

Hello there! Below is your edition of this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

-12 (-.05%)

-1 (-.03%)

-10 (-.13%)

+90 (+1.14%)

+5.2 (+.39%)

CRM

SalesForce ($CRM) is cloud based customer relationship manager that basically runs the entire industry and dominates market share. I’m a big CRM fan and love them long term always to the upside. They recently finished up an acquisition that initially sent the stock plummeting. They bought a company called Tableau for 16 billion in a stock transaction. Yes this dilltes the stock. Which isn’t a great thing as it waters down the value per share, unless of course the acquisition adds the additional value and in this case I believe it does. As far as I can tell they plan on running Tableau as its own separate subsidiary which i believe to be the right move. Anyway, enough of that. Breakout tomorrow over $150.75, or more aggressively $150.25 tomorow should send this to $155 by end of week.

CBAY

CymaBay Therapeutics, Inc. ($CBAY) is a Biotechnology company in the Healthcare sector. This stock plummeted today (closing nearly -50%) after releasing it’s NASH trial data, apparently severely disappointing institutional investors. As stocks waterfall like so, there becomes opportunity to trade the gap fill. CBAY created major resistance at the $7.00 whole dollar level in pre-market trading, and now it is reversing back towards that level this evening. I plan to day trade this over the $7.00 natural resistance level for the gap fill pattern! 

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Evening Stock Watch-List: June 11, 2019

Stock Market Watch-List: June 11, 2019

June 11, 2019

Hello there! Below is your edition of this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

+45 (.17%)

+5 (.17%)

+22 (.29%)

-15 (.19%)

+6 (.045%)

COUP

Coupa Software Inc ($COUP) is cloud based software that connects supliers globally. The company is up almost 100% this year, and it has gotten the majority of its over extension in just the last 5 trading days. The overbought levels are getting very worrisome and todays candle confirmed the beautiful bearish reversal candle on the daily. My price target on this short is sub $100 if i’m being aggressive. Under that $100 level this should really spill out into the low 90’s and maybe even the 80’s. But to be more conservative i’ll be locking in at least half profits around $105 area.

UONE

Urban One, Inc ($UONE) is a Radio Broadcasting company in the Services sector. This stock made a “modest” +50% gain today compared to some other parabolic penny stocks (see $NBY and $PRVB) on news of aquiring WDMK-FM Detriot for $13.5 million. This is a positive news catalyst for the company, and the momentum should definitely carry into tomorrow. I plan to day trade this over the $3.30 natural resistance level for the technical breakout!

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