Back from holiday and only traded by holding stocks overnight. Made a whopping USD 600 last week trading ZN, MBRX (which I failed twice), NVAX and ELTK, with biggest gains on ZN and ELTK. I am holding a short on IPI overnight at 3.57, a small position.
The stocks I am watching today are, as of now, MTBC and IPI. I tried to trade MTBC yesterday, but it looked like a fake out. Bought at 1.70 and sold at 1.69 when it dropped to 1.65 early at the morning break out. (also proves I am wrong too.. and yes.. i cried a little when it hit 2 dollars).
MTBC had a strong chart overall yesterday and it climbed nicely. If this pattern continues (and I doubt it!) I will buy at 2.50 and sell around 2.75. Will hold longer if MTBC has the same pattern as yesterday and will hold for that nice 52 week breakout of 3.50ish.
IPI I am not expecting to move up. But this also has a nice chart yesterday. USD 4.00 looks like a great entry point. Save enough to prove itself, yet at break out levels overall. If it does break, IPI will jump nicely to something like 4.50 / 4.60ish. Although I have not seen this pattern happen in a while. Before, breakouts were nasty little monsters that jumped 30% easy but dropped as quick as that. It was easy (with quick fingers) to scalp a nice profit out of these breakouts.
Anyway, lets hope pre-market has more for us in petto, because this is a crap list and will, most likely, not trade this garbage.