Happy Monday!
As of the premarket, today was feeling like a defense day. It didn’t feel like a good day to get aggressive early — too much choppy and indecisive chart action.
Days like this are the perfect example of why I stick to the 9:45 rule or wait until the afternoon to trade. It gives stocks the chance to prove themselves.
Here’s what I’m watching today...
SemiLEDs Corporation (NASDAQ: LEDS) was one of my main watches last Friday. But it ended up doing nothing...
Yet today, it spiked big in the premarket. It just goes to show that when you have low floaters hanging around, it may be worth keeping them on your watchlist.
I mocked Alfi Inc. (NASDAQ: ALF) last week, calling it a corporate BS hype machine. But hey, if it actually breaks $5.50 I may be singing a different tune…
Someone asked about DraftKings Inc. (NASDAQ: DKNG). I offer a very brief education on support and resistance. DKNG just went below support. That’s the opposite of a bullish sign. My take? I still like the sector. But there are some key things we need to see.
Regional Health Properties Inc. (NYSEAMERICAN: RHE) had a green move before and during today’s session. For me, that upgraded it to ‘not dead yet’ territory! I explain why I like it as a potential afternoon move over $20.
A follower asked about Etherium. I give a brief synopsis of my thoughts about real cryptos versus day trade-only varieties like Dogecoin.
Polarityte Inc. (NASDAQ: PTE) has some news related to diabetic foot ulcers. Diabetes news has proven to move stocks before. But the chart’s a disaster, and it’s a higher-float stock...
As of the premarket, I thought it could have potential as a dip and rip ... Check out the chart and see how it fared throughout the day!
I’d classify this as a real-ish stock … BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) is a slow mover and doesn’t have much volume. But I explain why it could still have potential.
Is the pump back on? Asia Broadband (OTCPK: AABB) went wild on social media a few months ago. Yes, it has run in the past, but I don’t see any reason for a spike right now. If you ask me, it’s just a dead cat bounce.
I was watching Peloton Interactive Inc (NASDAQ: PTON) last week … Nothing has changed. I have an alert set at $90. I think the squeeze could begin there. But I already told you about that on the Weekly Watchlist (link to sign up for no cost in the P.S. below)...
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