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Weekly Stock Market Newsletter – October 28, 2019

Weekly Newsletter: October 28, 2019

October 28, 2019

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

 

Current Futures

DOW:

+41 (+.15%)

S&P 500:

+4 (+.12%)

NASDAQ:

+18.50 (+.22%)

BITCOIN:

+955 (+10.90%)

GOLD:

+.60 (+0.04%)

State of the Markets

The wreckage was significant this week mainly stemming from Mondays insane washout. Markets did show some promise and ability to bounce upwards though recovering a good portion of the early losses on the week to where markets in essence finished basically flat on the week overall. The intense volatility provided a ton of opportunity for us however as we were able to capitalize on violent moves both upwards and downwards. The markets are incredibly volatile and are hanging on to every word about trade, rate cuts, and now the Chinese Yuan value. Every evening at about 9:15 est the PBOC will come out and “fix” the Yuan to a value against the US dollar. This is significant because this week the PBOC has slowly but surely devalued their currency. This helps with Chinese exports and to offset the additional tariffs from the U.S. recently. It’s a massive whirlpool out there where the only thing that has been consistent is instability.

Be sure to watch my video lesson WINTER IS COMING if you haven’t yet.

Last Week Profits

weekly-profits

Stocks To Watch This Week

TWTR

Twitter, Inc. ($TWTR) is an Internet Information Providers company in the Technology sector. This stock had a significant gap down Friday morning, dropping from $31.07 to $29.92. Given the volatile range last week, I expect similar moves early on next week, especially Monday morning. A nice descending wedge pattern formed last Friday as well, so I plan to day trade this over the $30.40 natural resistance level! 

BYND

Beyond Meat, Inc. ($BYND) is a Processed & Packaged Goods company in the Consumer Goods sector. This stock gapped down quite a bit last Friday morning, but bounced nicely off the the $97.75 natural support level. After forming a double bottom, the stock made a move up to the $101 level. However, it really struggled at the $101 level, and has yet to have a nice breakout. I expect BYND to breakout Monday morning and make a move into the $2.00 gap fill.

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Earnings Calendar

Quote of the Week

“Out of difficulties grow miracles.”

– Jean De La Bruyere

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Weekly Stock Market Newsletter – August 12, 2019

Weekly Stock Market Newsletter: August 12, 2019

August 12, 2019

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

 

Current Futures

DOW:

+28 (+.11%)

S&P 500:

+4 (+.14%)

NASDAQ:

+16(+.21%)

BITCOIN:

-380 (-3.18%)

GOLD:

-60 (-.04%)

State of the Markets

The wreckage was significant this week mainly stemming from Mondays insane washout. Markets did show some promise and ability to bounce upwards though recovering a good portion of the early losses on the week to where markets in essence finished basically flat on the week overall. The intense volatility provided a ton of opportunity for us however as we were able to capitalize on violent moves both upwards and downwards. The markets are incredibly volatile and are hanging on to every word about trade, rate cuts, and now the Chinese Yuan value. Every evening at about 9:15 est the PBOC will come out and “fix” the Yuan to a value against the US dollar. This is significant because this week the PBOC has slowly but surely devalued their currency. This helps with Chinese exports and to offset the additional tariffs from the U.S. recently. It’s a massive whirlpool out there where the only thing that has been consistent is instability.

Be sure to watch my video lesson WINTER IS COMING if you haven’t yet.

Last Week Profits

Stocks To Watch This Week

UBER

Uber ($UBER) technologies released earnings Thursday afternoon and reported a terrible miss on EPS, and announced they had lost over $5 billion last quarter. This name traded insanely tight on Friday and wedged really well all the way into close and even into after hours. $39.50 is the majore support level that will signal and confirm further pain to the downside when it gives up. I expect this to trade as low as $36.50 this week based on continuation from last weeks earnings.

OSTK

Overstock released earnings on Thursday afternoon and the stock originally got absolutely crushed to the downside, however the short float on this name is almost 70% which lead to an immediate short squeeze right at the opening bell Friday morning. The move from Thursday after-hours lows to ridays intraday high was almost +50%! This name has been running massively alongside Bitcoin especially this past week as there has been a mass move from capital within China to Bitcoin which people are terming as a “safe haven”. Sound backward and funky? Its because it is. This name is starting to get ready for us to work into a large short position, and potentially a starter short as early as this week. The key things we have to watch for are 1- the short float 2- the borrow fee, and 3- Bitocoin action. Based on those three indicators we should be able to safely start sizing in short here.

RKDA

Arcadia Biosciences, Inc. ($RKDA) is an Agricultural Chemicals company in the Basic Materials sector. This low float penny stock had a fantastic day last Friday, after releasing news that their leading product got USDA approval for Drought Tolerant Soybeans. While this is a positive news catalyst, with a micro-float of just 2.79 million, any type of news would send this stock running. I plan to day trade this over the $5.05 critical resistance level for the technical breakout!

YRIV

Yangtze River Port and Logistics Limited is a REIT company in the Financial sector. This low float penny stock soared on Friday, closing up +35% before running up even more during after-hours trading. The stock is moving purely on momentum at this point, so be careful when trading this! Definitely not a stock I plan on swinging, as this company is soon to be delisted after the SEC found some serious concerns with management. I plan to day trade this over the $0.85 natural resistance level for the technical breakout! 

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Earnings Calendar

Quote of the Week

“I’m successful every day because I look in the mirror, and I’m happy with who I am.”

– Rose Namajunas

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Weekly Stock Market Newsletter – August 5, 2019

Weekly Stock Market Newsletter: August 5, 2019

August 5, 2019

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

 

Current Futures

DOW:

-203 (-.76%)

S&P 500:

-25.50 (-.88%)

NASDAQ:

-84.75 (-1.08%)

BITCOIN:

+975 (+9.20%)

GOLD:

+1.40 (+.10%)

State of the Markets

Markets started to really feel the chill of winter approaching. The Fed cut rates by 25 BPS which wasn’t a surprise, and they then turned a bit hawkish just as I had anticipated. The markets cracked almost a full 2%, but then completely retraced and made up the gains the next day, until Trump came out and initiated an additional 10% tariffs on $300 billion worth of chinese goods. Markets completely gave up and cracked below the levels that they initially bounced from. I anticipate some sharp come backs at the U.S. from China in regard to trade.

Be sure to watch my video lesson WINTER IS COMING if you haven’t yet, it shines light as to why the China trade war and these events are really not even the core problem at hand.

 

Stocks To Watch This Week

QCOM

Qualcomm Inc (QCOM) released earnings Wednesday afternoon and missed quite badly. We then saw algo’s push this to a gap fill, and ther eversal came in sync with Trump tariff announcement. This is setting up beautifully for us on a short under $70. I likely will get a little bit moer aggressive with it and take a starter close to out of the gate Monday morning, and then add heavily on the $70 crack and breakdown, price target $68 within a day or two, but as low as $60’s if markets roll like I imagine they will in the coming weeks.

OLED

Universal Display Corp ($OLED) is my #1 short that threw me in a whirl of emotions Thursday afternoon and Friday morning. The initial mis reaction that sent he stock spiking upwards of 20%, and the the massive crack that brought the stock down 20% was un unbelievable emotional roller coaster. However, this short has been 6 months in the making, and I know what I have here on my hands, and trusting my self paid off huge. Now, the stock did bounce almost $20 off its lows, but the critical thing was that we saw this stay red post earnings. This name is the most fundamentallly out of whack, over extended name in the market in my opinion. Their massive chinese exposure will be a huge killer to them as the trade war only gets worse. There are a few really critical things to watch here moving forward. First, for an entry tomorrow if you aren’t in, the move under $202 is your trigger pull. But from there, we get really into fun things as long as i’m patient enough. Notice the initial breakdown of the 30 day trendline (the upper red line), we are sitting right on it currently and I expect thsi level to flusuh this week and really settle below this trendline. From there it’s all eyes on the 6-month trendline which is currently around the $175 level, but will move up quickly with each day, by Friday it will likely by above $180 if you chart it out moving forward. THAT is the MAJOR trendline breakdown that i’m looking for that will send this stock down to critical support of $145.

WKHS

Workhorse Group, Inc. ($WKHS) is an Auto Parts company in the Consumer Goods sector. This low-float penny stock has been on a tear over the last several weeks, but really amped up the price action as their earnings are set to be announced on Tuesday. This is a “buy the hype, sell the news” type play, as bullish momentum keeps pushing this up into earnings. Regardless of what earnings actually are, I plan on being out before they are announced, just way too risky for me. I plan to day trade this over the $4.25 natural resistance level for the technical breakout over Friday’s highs! 

GEMP

Gemphire Therapeutics Inc. ($GEMP) is a Biotechnology company in the Healthcare sector. This micro-float penny stock gapped up nicely last week, after announcing that their leading drug, Gemcabene, will be introduced into the Chinese market through a strategic partnership, which also provides an upfront deposit payment of $2.5 million. This positive news quickly sold off after throughout the week, creating an opportunity for a gap fill breakout, pending a trend reversal this week. I plan to day trade this over the $0.84 natural resistance level for the gap fill pattern.

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Earnings Calendar

Quote of the Week

“I’m successful every day because I look in the mirror, and I’m happy with who I am.”

– Rose Namajunas

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Weekly Stock Market Newsletter – July 29, 2019

Weekly Stock Market Newsletter: July 29, 2019

July 29, 2019

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

 

Current Futures

DOW:

-11 (-.14%)

S&P 500:

-25 (-.09%)

NASDAQ:

-3.25 (-.11%)

BITCOIN:

-255 (-2.54%)

GOLD:

+1 (+.07%)

State of the Markets

HUGE WEEK for markets! Interest rate decision will be Wednesday at 2pm est. China and US trade talks on Monday. Massive potential for volatility. STAY TUNED FOR MY VIDEO LESSON COMING SHORTLY.

Stocks To Watch This Week

NVDA

NVIDIA Corp (NVDA) is a PC graphics chip maker in the same space as big names like Intel (INTC) and AMD. With AMD reporting earnings on Tuesday, and the technicals lining up as well as they are on this name, I expect this to get really fun to the downside this week. This sector (Chipmakers) has been to the bearish side so far this earnings season, with the most notable name INTC, releasing an earnings beat, but reporting negative year over year growth, and going heavily red after initially being way green. From a technical perspective note the head and shoulds patternf orming here, as well as the levels of retracement that this has hit. The last should reversed sharply after a 31% bounce, and this shoulder, its right in that same retracement level. The potential on this continues to lay to the downside, as the sector as a whole has seena  massive move to the upside over the last tw months. Major breakdown levels are first $172.30, and then $170. After that its a patience game as this could really, really give back a lot down towards the $140’s.

AMD

Advanced Micro Devices (AMD) is in the same sector as NVDA above. This thing can get really, really nuts with earnings Tuesday. Current implied volatiliy on earnings is just over 10% but that feels quite low. Note the critical 8 month trendline at stake here. If this gives up $31 its all over for this and 30-50% retrace in the ensuing months is not at all out of the question, especially with how overbought this name is sepcifically, being up over 100% in just the last 7 months. Watch the trendline that I have noted on the right, that will be the tell all. Also notice the last time the stock broke $30 about 10 months ago, it pulled back 50% down to $16 in the course of 1 month. Be ready to act quick on this if earnings are disappointing, and even if they aren’t, this could very very possibly pull an INTC and sell off its initial gap up entirely.

SLDB

Solid Biosciences Inc. ($SLDB) is a Generic Drug Manufacturing company in the Healthcare sector. This low-float penny stock boomed last Friday morning, after releasing news of a $60 million Private Placement set with both new and existing investors. This funding satisfies the company’s short-term need for capital, allowing investors to worry less over dilution from stock offerings. With this being a potential swing in mind, I plan to day trade the descending wedge breakout by buying over the $6.10 natural resistance level! 

GEMP

Gemphire Therapeutics Inc. ($GEMP) is a Biotechnology company in the Healthcare sector. This micro-float penny stock gapped up nicely Friday morning, after announcing that their leading drug, Gemcabene, will be introduced into the Chinese market through a strategic partnership, which also provides an upfront deposit payment of $2.5 million. This positive news quickly sold off after market open, creating an opportunity for a gap fill breakout on Monday morning. I plan to day trade this over the $0.84 natural resistance level for the gap fill breakout!

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Earnings Calendar

Quote of the Week

“In every day, there are 1,440 minutes. That means we have 1,440 daily opportunities to make a positive impact.”

Les Brown

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Weekly Stock Market Newsletter – July 22, 2019

Weekly Stock Market Newsletter: July 22, 2019

July 22, 2019

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

 

Current Futures

DOW:

-3 (-0.03%)

S&P 500:

-1 (-0.02%)

NASDAQ:

+11 (+.04%)

BITCOIN:

+175(+1.67%)

GOLD:

+1.3 (+.1%)

State of the Markets

Chop would be the word I would use to best describe the action we saw alst week. This market is so susceptible to any political, or economic news. The market made new all-time highs this past week, entirely off the news that interest rates are set to be cut. Initially the anticiaption was that rates would be cut .25%, but now we are already starting to factor in the potential for a .5% rate cute, which in my opinion is truly absurd. The rate cute is set to happen next week, so we have a while to wait for that. Everything is chopping hard here at all-time highs, but this past week was a bearish “outside week” for indexes and it does have me a bit concerned and even bearish especially with some conflict going on with Iran currently. I anticipate overall a red week from markets just simply based on those two factors but there will be so much more that develops day to day. Like I said our markets are literally turning on a dime right now on any ounce of news they can get their hands on.

Stocks To Watch This Week

NASDAQ

Not often i break down a major index but this warranted it. This is the NASDAQ here that broke under a critical 30-day trendline on Friday and washed out under critical levels in after-hours on Friday. This is a very significant reversal indicator from markets, and I do anticipate we get some short term follow through to the downside on this trendline breakdown. I anticipate that markets will bounce and retest this trendline which at that point would be a resistance level, and that would be the bounce to look to size in to the short side.

SENS

Senseonics Holdings, Inc. ($SENS) is a Medical Appliances & Equipment company in the Healthcare sector. This penny stock gapped down last week after announcing a 25 million public share offering.

It gapped down to just around the $1.00 level for a few days after the news, but has started to test its gap-to-fill from last week. As the stock is beginning to wedge on a multi-day ale, I expect a big breakout to the upside due to this stocks’s high 25% short float. I plan to day trade this over the $1.20 natural resistance level for the technical breakout!

MGI

MoneyGram International, Inc. ($MGI) is a Credit Services company in the Financial sector. This low float penny stock was able to break out of its downtrend last week, after releasing news that the company has sealed a contract with South Korean start-up company Sentbe. This will increase MoneyGram’s exposure to the new region, thus being a positive news catalyst. It made a nice move on Friday from the news momentum, and it’s low-float makes this prime for a breakout, I plan to day trade this over the $2.30 natural resistance level for the breakout pattern over Friday’s high of day!

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Quote of the Week

“The true sign of intelligence is not knowledge but imagination.”

Albert Einstein

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