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Weekly Newsletter – May 27, 2019

Weekly Stock Market Newsletter - May 27, 2019

May 28, 2019

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

 

Introducing...

KAF Tax Management
Taxes are a hassle. Let us simplify it.

Current Futures

DOW:

+148 (+.58%)

S&P 500:

+11.50 (+.41%)

NASDAQ:

+1.50 (+.02%)

BITCOIN:

+330 (+4.23%)

GOLD:

-1.10 (-.09%)

State of the Markets

U.S. stocks finished lower on the week, even with Friday’s hefty rebound. In fact, the DOW fell for the fifth straight week, the longest since 2011. The ongoing fiasco between the United States and China held the markets down and created numerous short opportunities, which we were able to take full advantage of. We had huge trades on $BYND $ROKU $TSLA and $NFLX this week, finishing up a 5-day stretch with nearly $10,000 in profits! Oil suffered in a big way last week as well, posting its worse week of 2019 as investors worry about future tariffs. Investors showed us on Friday though that there is still some optimism in the markets, that there may be hope that we get some positive terms in the near futures, as well as continued corporate strength.  

Penny Stock Picks

WRITTEN BY: CQB – Penny Stock Moderator

WKHS

Workhorse Group Inc. ($WKHS) is an Auto Parts company in the Consumer Goods sector. This low-float penny stock got a lot of love last week, going from lows of $1.25 on Tuesday to highs $1.94 the very next day. Since then, it has sold off a bit, but still holding higher lows and forming a nice multi-day trend-line (see 5 day chart). Last Friday, it saw lows of $1.45 before grinding up to the $1.64 mark during after-hours trading. I plan to day trade this over the $1.65 natural resistance level for the technical breakout towards previous pre-market highs of $1.87!

NVCN

Neovasc Inc. ($NVCN) is a Medical Appliances & Equipment company in the Healthcare sector. This micro-float, sub $1, penny stock went absolutely ballistic last week, going from the $0.45 range up to nearly $0.99. The parabolic move to the upside came after the company presented it’s case report of successful trial data in Paris last Thursday. The stock has sold off badly since then, as traders took profits just as quick as they came. Last Friday, it found a bottom at the $0.48 support level and now reversing. I plan to day trade this over the $0.56 natural resistance level for the trend reversal setup!

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Earnings Calendar

Quote of the Week

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

– George S. Patton

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Send us a quick email and we will get back to you as soon as possible!
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Weekly Newsletter – May 20, 2019

Weekly Stock Market Newsletter - May 20, 2019

May 20, 2019

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

 

Not a member? Start a one-week free trial today!

Introducing...

KAF Tax Management

Taxes are a hassle, let us simplify it. 

Current Futures

DJIA:

+61 (+.24%)

S&P 500:

 +8 (+.28%)

NASDAQ:

 +29 (+.38%)

BITCOIN:

+720 (+10%)

GOLD:

+1.5 (+.12%)

State of the Markets

It was an UNBELIEVABLE work for bringing in over $7,000 in profit. I traded the same stocks both long and short, in a sniper-esque ways which is a sign of peak trading. Really, really happy about how i was able to read the market momentum and volatility. I have been almost entirely momentum trading. Which is different from catalyst trading. What I mean by this, is all I care about is range and momentum, i don’t care about the catalyst. A stock could have realeased a bullish catalyst but due to momentum and volatility I could be banking on it to the short side. Stay closely attentive to alerts this week because we are having some incredible success.

Stock Picks

WRITTEN BY: CQB/KAF – Stock Moderator

BYND

Beyond Foods ($BYND) is making a splash as 2019’s hottest IPO. The stock IPO’d at $25 and saw as high as $96 last week. I habve recently sized into a hefty short position and this week is finally the week it pays off. I am in short over 700 shares with an average in the mid 80’s. My price target on this ultimately is as low as sub $40, but i will take some profits off the top under $60. This is the week we should see the unraveling begin. The stock recently fell under an extremely critical level of support of $88. It also just so happens that Citron, the notorious shorting company, released a massive short report on BYND on Friday as well with a price target of $65. This name is heavily, heavily over valued. Valued even more than the industry its self. It’s what I would call an A+++ setup to the short side. In the short term it may do some more squeezing and even touch the $100 level. But all i care is where this will be 6-months from now, and that’s sub $40.

BLIN

Bridgeline Digital, Inc. ($BLIN) is an Application Software company in the Technology sector. This micro-float penny stock began to reverse out of its two-week downtrend on Friday, as you see from the breakout that resulted in a high of $6.00 at market open. It attempted to break back over its $5.80 critical resistance level a couple of times later in last Friday’s session, but failed to do so and made new lows into close. It got a walk-up after-hours Friday evening though, coming back to re-test that $5.80 resistance again. I plan to day trade this over the $5.81 critical resistance level. This is a very low-float, volatile stock, so adjust your position sizing accordingly!

$BLIN chart - 05/20/2019

OTLK

Outlook Therapeutics, Inc. ($OTLK) is a Biotechnology company in the Healthcare sector. This low-float penny stock has been in a bit of a parabolic uptrend since its earnings release last Wednesday beat expectations. Since the earnings release last week, the stock has went from lows of $0.85 to a high of $2.72 on Friday. It has since sold off, but held the $2.00 natural support level perfectly for the bounce towards its $2.30 natural resistance. I plan to day trade this over that $2.30 natural resistance level for the technical breakout pattern!  

$OTLK Chart - 05/20/2019

Earnings Calendar

Most Anticipated Earnings - 05/20/2019

Quote of the Week

“Your Journey is about being more involved in life and yet less attached to it.”  -Anonymous

Contact Us

Email: support@kafinvesting.com
Send us a quick email and we will get back to you as soon as possible!
24/7 Customer Support! Contact us anytime.