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Remember a week ago when everyone thought we were in a massive market crash and the world was ending?
Yeah, neither do I.
While it looks like it might be a slow-ish day in the market, the overall mood is much more upbeat.
Things appear to be bouncing back. Stocks and indexes are back at highs. Things don’t seem so dire.
That’s just the way things are in 2021...
Here’s what’s going on today…
Let’s take a trip down memory lane. I remember May 15, 2020, as the day the stock market changed forever. On that day, Sorrento Therapeutics Inc. (NASDAQ: SRNE) traded half a billion shares on dubious news.
Fast forward to today. Its 60,000 shares traded in the pre-market aren’t impressive to me. I might be a wet blanket here — things could change throughout the day. But I’m approaching this one with a ‘who cares’ attitude...
Roblox Corp. (NYSE: RBLX), on the other hand, had a truly wow-worthy gap-up this morning. Jeez-o-Pete! I’d say we’ve got ourselves a VWAP hold, hot sector, momentum play.
I believe it could be a potential multi-day or multi-week idea … I’ll be looking for late-day VWAP holds for this swing trade contender.
Let’s buzz on back to the Dave Portnoy-affiliated VanEck Vectors Social Sentiment ETF (NYSE: BUZZ) … During the Pre-Market Prep session, it was finally approaching the $25 level I’ve been talking about for the past week. I talk about potential entry and risk levels...
Ugh, I’m not a huge fan of cheap rip-off furniture. Nonetheless, Nova Lifestyle Inc. (NASDAQ NVFY) is spiking. Believe it or not, I think this could be a potential short — but don’t miss my important warnings.
Siebert Financial Corp. (NASDAQ: SIEB) recently announced some impressive revenue growth. It doesn’t have the best volume, but the news is solid. As of the Pre-Market Prep, I was considering this a potential dip and rip. I’ll be watching to see what it does throughout the day...
We had a live runner during today’s session! Entera Bio Ltd. (NASDAQ: ENTX) had crazy float rotation during the time I was recording, thanks to a well-timed 8:30 a.m. press release.
The news may be junk, but the fact that they timed their PR right before the market open means they know how to play the penny stock game. It’s at 52-week highs. Could it run even more? I’ll keep an eye out...
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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
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