"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor." Jesse Livermore
Good morning
Equities are down in premarket which should not be a surprise after being up several days in a row. We are heading into the weekend ahead of the G7 summit where trade discussions will likely be the focus point for Wall Street. There are several sectors that are overbought in the near term so a pause to refresh or slight pullback would be healthy as long as we can maintain certain levels of support. I will go into more details on that this weekend with the stocks to watch blog for next week. Sign up to have my stocks to watch blog sent directly to your email every weekend for free.
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APHB AmpliPhi Biosciences Announces Presentation Of AB-PA01 Bacteriophage Therapy Case Study At 41st European Cystic Fibrosis Conference 200 day MA bounce small floater gapping do not chase potential day trade opp trades thin has an event today through the 11th could get some action need some good volume to trade it
Small bio with a very nice looking daily setup looking for a break over 2.50 with volume nice volume spike yesterday looking for potential follow through for a flat top break out
CCXI UPDATE: ChemoCentryx Says Vifor To Pay Co. $10M Related To Expansion Of Collaboration, License Deal To Include China
Potential 50 day bounce spot small floater look for 11 to act as support could be a day trade opp with volume do not chase
EGY VAALCO Energy Shares Up 9.7% After Co. Regained Compliance With NYSE Listing Standards; Co. No Longer Contemplating A Reverse Stock Split One of our Pro Members pointed this out yesterday very nice looking setup Energy space is holding up really well as oil consolidates this could be a nice swing or long term hold consideration 1.70-1.95 area could be a good entry range for a swing On a break over could also be wort watching for a break over over 2.35 for a scalp
another Oil and gas name posted by another Pro member with a great looking daily small floater looks like 7 could be acting as support looking for potential 8 test and roll could be a swing play with an entry as close to 7 as possible
GALT Galectin Therapeutics Shares Spike Higher; Traders Attributing To Article 'Galectin Therapeutics's Market Value Should Soar In The Coming Months' https://seekingalpha.com/article/4180041-galectin-therapeuticss-market-value-soar-coming-months potential red to green follow through day trade opp could have some support in the 5 area and resistance in the 6 area
HIMX Option Alert: Jan 18, 2019 $15 Calls Sweep (14) at the Ask: 2000 @ $0.35 vs 10292 OI; Earnings 8/2 Before Open [est] Ref=$8.535
Signals Option Alert: Jun 15 $8.5 Calls Sweep (36) at the Ask: 3500 @ $0.25 vs 1645 OI; Earnings 8/2 Before Open [est] Ref=$8.39 some bullish call action more of a swing trade or long term hold play for me nice looking setup on the daily likely to have resistance at the 200 day entry as close to 8 would be ideal
INSY Insys Therapeutics Shares Quiet As Traders Circulate Word Minnesota Attorney General Announced Suit Against Co.
BZ NOTE On Insys Suit By Minnesota Attorney General: Former Attorney General Eric Schneiderman Had Previously Given Formal Notice Of Suit As Of Feb. 1, '18https://ag.ny.gov/press-release/ag-schneiderman-sues-fentanyl-maker-insys-therapeutics-inc-dangerous-and-deceptive potential day trade opp looking for a 200 day test do not chase
Reported better than expected earnings very tiny floater insider buys not huge but still something could be a high risk swing because of the small float. potential red to green play I would be considering this one for a swing play JVA
Coffee Holding Q2 EPS $0.09 Beats $0.05 Estimate, Sales $22.19M Beat $20.8M Estimate
Positive article on seeking alpha in the right sector significant insider buys at much higher prices very thick stock moire of a long term hold play could have resistance @ the 200 day Entry as close to 16 would be ideal https://seekingalpha.com/article/4179930-kinder-morgan-bargain-4_75-percent-dividend-35-percent-upside
SRRA Block Trade: SRRA 522,400 @ $3.01 at the bid nice setup on the daily flirting with a 3 roll potential day trade or higher risk swing
POLA Polar Power Reports Received 105-Unit Purchase Order For 15kW Back-Up DC Generator Set From Newly-Signed Tier-1 Wireless Carrier Customer In US, No Terms Disclosed tiny floater with a nice setup on the daily 5.15- 5.50 could be an entry for a higher risk swing a break out over 6.30 with volume could present a nice day trade opp
EDAP Edap Shares Up 70.1% Premarket Following FDA Clearance Of Co.'s Focal One Device For The Ablation Of Prostate Tissue flirting with a potential 4 roll in premarket on good volume small floater potential day trade do not chase look for intra day setup
Today's Economic Calendar
10:00 Wholesale Trade
1:00 PM Baker-Hughes Rig Count
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