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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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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! 

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

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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Weekly Newsletter – June 10, 2019

Stock Market Newsletter: June 10, 2019

June 10, 2019

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

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

Current Futures

DOW:

+123 (.47%)

S&P 500:

+14 (.49%)

NASDAQ:

+43 (.57%)

BITCOIN:

-365 (-4.56%)

GOLD:

-7 (-.53%)

State of the Markets

Last week markets made a massive 5% push on news; that the Fed is likely to cut interest rates in July, but some real hopefuls are hoping for that cut in June. Currently markets have priced in a 20% chance for interest rate cut in June, and a 70% chance for rate cuts in July. 

So what does this mean? 

If rates are cut in June, then markets will POP, and if they don’t markets won’t really mind. If they cut in July, markets will not do much because, you guessed it, it will be priced in. But if they don’t cut in July, then its major selling time, as this week’s massive 5% push calculated for that rate cut.

There is more news to be discussed as well though. Friday late evening President Trump announced that the U.S. and Mexico had agreed to a trade deal. There are a lot of moving parts with this deal including some aspects of border security that are required by Mexico, but in short, markets will love that news and expect a significant gap up tomorrow. 

 

Now on the negative/bear side, the U.S. jobs report for May was released last week and they were the worst growth numbers since roughly 2010. Only 75,000 jobs were created against the expected 185,000. The numbers were abysmal, however no one even blinked an eye. We also have to remember that anytime we get a fed rate cut, that implies our economy and markets aren’t strong enough. In a sense, it’s almost like a stimulus package. 

 

So while markets are currently focusing on all the bullishness that the news above brings to markets, you have to be educated and aware that this news is two-sided, and there are plenty of bear markets to be made. In short, don’t get too comfortable out there. 

KAF Stock Picks

Written By: KAF – Lead Stock Trader

BYND

Beyond Meats ($BYND) The major short squeeze on Friday led to the short float moving from 51% down to as low as 25%. This means that roughly half of the shorts who were in BYND had to buy on Friday and exited their short position. Additionally, roughly 24 million shares were traded on Friday, and about 6.5 million of that were short sales. These numbers are important and mean a few things, first, this verifies that a large portion of buying on Friday were shorts exiting. And even though there was some volume with shorts trying to enter BYND on Friday, they only made up about 1/5th of all the trading volume from Friday. While there certainly are still alot of shorts in this name, on Monday we will start to see shares become available to short more readily, which should take a lot of pressure off the short squeeze. Next, we have to consider the very high turnover on the float from Friday. The stock traded 2.5X its float on Friday, making the average buy on Friday right at about $132. Now, this is a BIG deal. For a few reasons. This means that when the stock falls under $132, the average buyer from Friday is red. Additionally, this level is incredibly important because it acted as MAJOR support from friday as the stock put in a triple bottom mid day right at $132. Additionally this $132 level was major resistance earlier in the day as well. So, we have a lot of things happening and riding on $132 support. The fall under $132 should likely mean the stock is done making new all-time highs, and the slow trickle back to halfway understandable valuation levels kicks in. Keep in mind everything I mentioned here is purely off the intraday trading aspects of the stock, I won’t even get into the insane valuation levels. Price target on this stock within 5 years is $21. But thats meaningless if you’re day trading it. Also, would not be surprised at all to see a secondary this week so Beyond can take advantage of the valuation levels they are currently getting.

AMBA

Ambarella Inc ($AMBA) is a semiconductor play related to HD video. I like this namea  lot and I love their earnings they posted last week. We saw this make a wild green to red move the day it posted earnings and now its sitting about a delow below where the stock was before they released the strong earnings. $40 is the big breakout level here and we should see $43 by end of week. Be patient, these swing set ups have been money, as long as markets are decently rational, which of course is never a guarantee.

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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Weekly Newsletter – June 2, 2019

Weekly Stock Market Newsletter - June 2, 2019

June 2, 2019

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

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

Current Futures

DOW:

-134 (-.54%)

S&P 500:

-13 (-.47%)

NASDAQ:

-43 (-.60%)

BITCOIN:

+330 (+4.23%)

GOLD:

-1.10 (-.09%)

State of the Markets

U.S. stocks finished lower on the week yet again, making it 6 red weeks in a row from the DOW, the longest res streak since 2011. This week had a totally new complication thrown in the mix, and that was tariffs amongst the U.S. and Mexico. The China U.S. drama continues, and also heated up even more this past week. There is a ton of opportunity both long and short in these markets. From a longer term standpoint, you have to just sit back and enjoy the market sell off, because if you were prepared for it like we have been, that means you have a lot of cash itching for you to put it to work. In the coming weeks, getting “starter” positions on some key names will be important. From a day trading standpoint, we are in heaven as the range and momentum patterns have been almost automatic for us to lock in profits on. It’s a great time to be a KAF Investing chat room member! We are playing options, pennies, mid caps, large caps, and everything in between. 

“U.S. stocks, Treasury yields, and oil prices all dropped on Friday after President Trump surprised the market by threatening to impose a 5% tariff rate on all goods imported from Mexico. Friday’s 1.3% decline in the S&P 500 sent it below its 200-day moving average (2776) and extended its weekly decline to 2.6%.—The Dow Jones Industrial Average (-1.4%), the Nasdaq Composite (-1.5%), and the Russell 2000 (-1.4%) extended their weekly losses to 3.0%, 2.4%, and 3.2%.—The 5% tariff rate will go into effect on June 10 and will increase incrementally during the summer to reach 25% on Oct. 1.”

KAF Stock Picks

Written By: KAF – Lead Stock Trader

OLED

Universal Display Corp ($OLED) is in the organic light emitting diode space, more commonly known as OLED. I really love this company, and this space a lot as their technology has become the main staple in so many different commerical, research, and even retail spaces. About two weeks ago they released some very strong Q1 earnings, and the stock initially spiked all the way to $190, but has been selling off ever since. This name is getting close to a major reversal and anything sub $150 for an entry is a gift here in the near term. I like this to reverse and fill a few gaps on the chart up to $160, from there it will need overall market strength if this wants to continue it’s road to $190, but it is certianly in the cards. As for an entry, notice the strong and clean downtrend from Friday. I am expecting this to get explosive up and over that downtrend, and that should initiate the gap fill back to $160.

GOOS

Canada Goose Holdings ($GOOS) is a clothing company specializing in coats. The company is based out of Canda but has stores all over, including in China. This sector and clothing has become a huge trend recently, and the recent earnings miss has set up for a very nice opportunity to play this double bottom, with a $36.50 breakout, and price target up to $42.

Penny Stock Picks

Written By: CQB – Penny Stock Moderator

AVEO

AVEO Pharmaceuticals ($AVEO) is a Biotechnology company in the Healthcare sector. This penny stock had a monster day last Friday, heading from lows of $0.64 to highs of $1.00 in after-hours trading. The steady uptrend and bullish sentiment is attributed to a press release last week, stating the company will present in the upcoming BIO International convention. I expect this uptrend to continue into Monday, and plan to day trade this over the $1.00 natural resistance level!

GNCA

Genocea Biosciences, Inc. ($GNCA) is a Biotechnology company in the Healthcare sector. This low-float penny stock went parabolic last Friday morning, getting halted a few times on its way up to a high of $8.00 (from lows of $5.00). The huge move came from the Journal of Clinical Oncology selected the company’s trial data to present in an upcoming ASCO annual meeting. I expect momentum to continue into Monday, and plan to day trade this over the $6.25 natural resistance level!

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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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