Charts below update daily with the most recent market prices.
"Scan" just means a stock idea. Comes from me 'scanning' through hundreds of charts to find opportunities.
When introducing new terminology I will try and link the word to an Investopedia article about the term.
UPDATES THURSDAY - 9/29/2016:
BAS!!! +$4,000! I don't know about you guys, but I had a hell of a day trading my oil ideas from yesterday. The market was looking good but then news about 10 large hedge funds all selling Deutsche Bank came out and sent the indexes into a free fall. Bio stocks had a pretty rough day as well. No new ideas today... I am going to Austin City Limits Music Festival tomorrow so I won't be trading and probably won't have an update.
Working trades:
BAS +33% - MONSTER DAY. I bought on Wednesday at $.62, sold 3/4 of my shares between $.81 and $.85. Still holding 1/4 overnight to see if it continues. If the market or oil is pulling it down I will sell it quick, these can fall fast.
SDRL +8% - another great oil move. Same plan as above, if it gets a trend going I'd play it, if it starts to sink I'd be out quick.
VCEL -4% - not moving very much, taking this off of my watch list.
AGTC +3% - still working perfectly, up about 10% from when posted. I think this will keep rolling and then have a REALLY big day soon.
UPDATES WEDNESDAY - 9/28/2016:
OPEC agreed on oil production cuts today. There are no specifics, but the details about how much they will be cutting production will be out in November, supposedly. This is bullish for oil. Crude oil jumped 5% today. When some macro-economic event like this happens, stocks begin to move, especially beat down oil stocks. There were dozens of little oil stocks up 20% at the end of the day. I have added two in particular to my watch list, but here is a list of them to look out for:
AREX
BCEI
NOG
BTE
EPE
GLF
HNR
JONE
MDR
REXX
TPLM
Too many to count. The ones we want to look out for are the ones with the smallest "floating shares" and the highest percent of float short for the best chance of a short squeeze.
Below are the top two on my watch for now:
Stock price when posted: $.62
"Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States." - Yahoo Finance
Trade plan:
+ Buy break over $.63, stop loss at $.55
- Start selling when you're making money, could possibly run to $1.25, but don't wait for that
Stock price when posted: $2.31
"Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide." - Yahoo Finance
Trade plan:
+ Buy below $2.35, stop loss at $2.20
- $3 is a nice target but sell some earlier to take profits and minimize risk
Working trades:
VCEL +4.5% - keeps on goin'.
AGTC +4.5% - beautiful trade idea. Working out swimmingly, keep it going until it stops working!
ZIOP +8% - still working from last week, again if this breaks over $6 could be a nice gainer.
Waiting:
DSX -1% - taking idea off watchlist, too much else going on to wait on this!
UPDATES TUESDAY- 9/27/2016:
Woah today was nuts. UVXY personal trade went horribly, I nearly lost my shirt today, but my day was saved thanks to making bank on RGSE! I had this on my personal watchlist and still missed the first huge move it had today from $2.40 to $5.60 in a matter of minutes. Was able to find a pattern I know well and bought at $5.13 around 12:30pm, sold half my shares at $6.80 and the other half at $7.90 just an hour later! Was posting the trades LIVE on my twitter. Helped some people make good money today! Just look below at the power of technical analysis when I made that the RGSE trade, GREEN arrow is my entry, RED arrows are my exits.
Working trades:
SCYX -1.25% - SCYX got up to $4.30 today. That is +30% from my trade idea last week! Closed down below $4 though and couldn't keep above support. I am done with this one as of right now!
ATNM -15% - not a good day for ATNM. Opened huge at $2.20, so if you sold according to my trade plan anywhere above $2 you made a great profit. If you held until close today you're back at break even. Done with this trade idea.
VCEL +2% - consolidated today. Same plan.
FH -2% - still holding above support, moving slower than I anticipated though. If this doesn't rip soon I'll take off watch.
AGTC +3.5 - broke and held over $9 today. Like the risk vs. reward on this one
Waiting:
DSX +1% - holding above support. Same idea as FH above
UPDATES MONDAY - 9/26/2016:
S&P500 down almost 1% today. A lot of weird action today. Presidential debate is tonight, Wells Fargo is getting sued, Deutsche Bank is losing money at an alarming rate, and of course don't forget all of the economic indicators saying there is a recession looming. Indexes are sitting right above support and if they fall below that support I think we will see a lot of panic selling! *chart below*
Working trades:
SCYX +2% - closed over $4 today. Another good move. Right below resistance though so be careful if still holding!
ATNM +11% - great breakout today! Just as I planned. Got up to $2.04. May go further, but my goal was hit so I'm taking this off watch.
VCEL -5% - VCEL almost hit $3 today, then began to sell off. Plan is still intact if you haven't sold any shares. Just be careful not to lose money on this after the awesome moves it has already had since day 1 of plan.
FH +0% - consolidated higher today. Looking for continuation.
Waiting:
AGTC -.5% - hit above $9 a few times today, closed weak. Still like the plan though.
DSX -5% - no follow through yet. If it can't hold $2.75 I am taking off watch.
VIEW LAST WEEK'S TRADE IDEAS HERE
Holy BioTech breakouts! Pull a biotech name from a hat and there is a 95% chance it broke out last week. If bios continue to have strength there will be some big moves this week. I only posted a few today because posting chart after chart of small-cap bio stocks would just be redundant.. they all look the same. So, here is a list of the ones with the best breakouts last week I believe have potential this week:
BDSI
BLRX
BTX
CPRX
CRIS
MRNS
SCYX
etc.
CRIS, SCYX, and VCEL all went incredibly well from my trade plans last week! Many ideas from last week continue to be working. If they are not
Stock price when posted: $8.96
"Applied Genetic Technologies Corporation, a clinical-stage biotechnology company, develops genetic therapies to treat patients with inherited diseases." - Yahoo Finance
Trading in a channel/wedge between $8.50 and $9 for the last two weeks.
