Happy Monday!
Pro tip: if you really want to be ahead of the game for the week ahead, subscribe to my no-cost Weekly Watchlist.
It goes out every Sunday, and it gives you an idea of some of my top swing and day trade ideas for the coming week. Start the week prepared!
Here’s what I’m watching today…
One of my top watches is AMC Entertainment Holdings Inc. (NYSE: AMC). It didn’t do what I wanted on Friday … Today could be a second chance.
We talked about its potential as a MOAS (mother of all squeezes) last week. I share the significance of AMC potentially breaking the $14.50 level.
A follower asked about BioNano Genomics Inc. (NASDAQ: BNGO). It tried to break out on Friday but just went sideways for about five hours. It was a gapper in the morning but pulled back hard.
It’s stuck in a channel now, so it’s not what I would call an ideal chart. Maybe I’ll care if there’s news or wild volume, but until then ... meh.
I’ve been watching ammo play Ammo Munitions Inc. (NASDAQ: POWW) for a while now. They just dropped a press release detailing some exciting growth...
I’d set an alert at $7.50 for this one. Why wait till then, when it looked promising in the $6s? I explain the dangers of buying before a stock breaks key levels and why Monday morning press releases require a discerning approach.
Smith & Wesson Brands Inc. (NASDAQ: SWBI) is another gun-related stock. But it’s not really moving. I appreciate the idea of looking at other plays in a potentially hot sector. But SWBI’s sideways chart isn’t doing anyone any favors.
A follower asked if Vuzix Corp. (NASDAQ: VUZI) is a good swing idea. Honestly, just look at the chart. It’s been sideways for weeks. I suspect most followers already know what I’m going to say. You can’t be loyal to stocks. It was a favorite last year, but right now it’s over.
AT&T Inc. (NYSE: T) may look like it had a big move from $32 to $34 … But with a goliath company like this, it’s not reasonable to expect big moves. Personally, I think companies like this are more promising as investments than day trades.
Someone asked about Northwest Biotherapeutics, Inc. (OTCPK: NWBO). OTCs have been hot lately, but it’s hard to call it in the premarket. I might look for an afternoon OTSwizzle if it’s closing near the high of the day … Otherwise, not interested.
InnSuites Hospitality Trust (NYSEAMERICAN: IHT) is at the same level as it was on Friday. I had an alert set at $8. It was never triggered on Friday, but it has squeezed several days in a row over the past two weeks so I’ll keep watching.
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By Stock Chat

where the coffee is hot and so is the chat

7 thoughts on “Pre market prep- stock market 05/17/2021”
  1. Avataaar/Circle Created with python_avatars Adrian Jovale gomez says:

    I ask question. It is possible to determine squeeze by using hold dollar half dollar strategy??

  2. Avataaar/Circle Created with python_avatars Ra He says:

    Muchas gracias. 👍

  3. Avataaar/Circle Created with python_avatars Dennis Scott says:

    Key level dismount/ aka. "key level sell". = "You KLD IT"!!! YEAH!

  4. Avataaar/Circle Created with python_avatars Eroll Potter says:

    Every day baby 😇😜😎

  5. Avataaar/Circle Created with python_avatars Matt Hartley says:

    Thank you Tim!!!!

  6. Avataaar/Circle Created with python_avatars Bff1 says:

    Tim morning

  7. Avataaar/Circle Created with python_avatars Anthony Addair says:

    Thank you Tim. Happy Money Monday aka deadlift day

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