Watchlist for 10.13.017

By Madbash

 

HMNY The monster is wounded and she will probably get a bear attack in the morning.  I would love to long 100-150 shares into a morning panic toward the 14-16 range.  This has some major correcting to do, but there will be a bounce.

 

INFI This pharma ticker is not low float, but it did rotate its float with 61 million in volume.     This could be worth bounce play off of the 3.40 area, but I say this has resistance all the way up to 4.50  I will watch for morning volume, as this could run with a strong break of today’s highs in the 3.70s.

 

SRAX  This low float Tech Ticker has had low volume the past…forever, but it had a nice run last month that has opened the door for more gains.  A strong break of 3.45 could propel this past 4.00, but I see resistance all over the chart.  Volume trumps all, so I will watch closely while I likely will not play.

 

AKER This Low Float ticker had an impressive 110% morning spike into the 1.80’s but gave up a big portion of its gains to close in the 1.20s The a/h has been a bit strong, so this could see another morning spike.  I would only ever short a chart this ugly, but I will just be watching tomorrow.

 

MGTI This OTC Ticker is one that everybody loves to hate.  She has merciless squeezes, and reported good new toward the end of the day.  This ticker also has bitcoin hitting new highs so it will be one to watch. 

 

BTCS, BITCF, DIGAF, BTSC, GBTC, SING  These are all Bitcoin Tickers to some degree or another.  I will be watching them for nice spikes and breakouts of day highs.   

 

KNDI This Tech Ticker had a nice run from the 5’s up to 10.  I am watching for a day or two’s push up to the 9 area which would be nice resistance to play a short off of.   

   

I  will have 0,0,0,3,3 Day trades available from IB, and I am nursing a cash account @ Etrade, so I have one trade I can make tomorrow. Alexander Elder said it best with this quote.  “If you let the market make you feel high or low, you will lose money”  With that in mind I will do my best to follow my plans and not let Elation, Fear, or Greed influence my decisions.   

 

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