CLNT 1.12 – Volume spike and some late sessions buys into the close. This Chinese low floater has been #OnWatch for awhile now and could be subject of a squeeze today.
MFST 0.0171 – Closed at a new 52Wk Hi and ending on the Top 20 OTC Stocks traded yesterday, the pump is of an update to come on the comercialization of their Time Machine TTML-8102000 Laser Thermal Therapeutic Device. Take note that 3 years ago, was to be “Developing New Streaming Television Lifestyle Channel” with NTEK.
OTIV 1.21 – Volume and a breakout of their 1.05 multi-top to a new 52Wk Hi, the news of their pilot installations of its SATURN 6700 UNO NFC readers in financial self-service terminals/automated teller machines (ATMs) throughout Europe, Asia, and North America has been well received.
LOTE 0.0245 – Right to load up early on the chat alert a few weeks back, it was a smart choice again to look for .02 to show why it was worth the price. Volume flowed in to boost shares up another half a cent, indicating the bigger move is still yet to come.
EHSK 0.0028 – #OnWatch yesterday, keep an eye on this one. Good buy volume at .0028 was flowing well into it.
VTPI 0.0003 – If you need to trade trip-zero subpennies, might as well try and get .0002 or lower on this one. Volume Tuesday, nearly nothing Wednesday, then 2X Tuesday’s volume yesterday and a new 52WK Hi (0.0006), keep in mind that the 1 billion authorized shares looks to be fully allocated and this isn’t a shell that’s afraid to do reverse splits.
Despite the gap ups from Europe on ES/SPY the last two sessions, each of the two has shown weakness to hold and push higher.
On the cusp of the 14th trading session since the June 27 BREXIT lows, this towel chucking blow off whereby shorts and cash positions are being stopped out while the deafening silence from the peloton of disasters that we’re normally subjected to pull the market back has me thinking something mighty nasty is going to creep up on us. Yeah, its a long run on sentence (exactly like this ridiculous 5th Elliot wave has been), but this euphoria, irrational exuberance FOMO rally doesn’t have the ‘load the boat’ and ‘mortgage the kids’ sentiment previous ones have had.
Took a 10Bagger with MCD 124 CALLS from .04-.45 overnight yesterday after taking a trade based on their Wednesday announcement of wanting to team up with Pokemon. This Pokemon craze is no joke. If you think it is, check out how Nintendo (NTDOY) shares have more than doubled since the game was released.
AAPL is another “to-be” short-term winner from this Pokemon craze and it showed promise yesterday by pushing up to the 98.50 resistance line, dancing on it into 2PM and making a move upward to 99 into 3PM before a small peel back. GOOGL spun off and privatized Niantic Inc. but it and AAPL look to gain revenues from the game’s add-on purchases.
Prior to shutting it down yesterday, I went ahead and took some lottos for today:
- NFLX 95 PUTS @ .07
- AAPL 99 CALLS @ .33
- SPY 215 PUTS @ .29
Lots of important banking/finance companies are reporting earnings today whereby they are expected to meet or beat previously lowered guidance:
|Company Name||Time||Wall St
|CITIGROUP INC C||Before Open||1.09|
|FBR & CO FBRC||Before Open||0.11|
|FIRST HRZN NATL FHN||Before Open||0.23|
|PNC FINL SVC CP PNC||Before Open||1.75|
|US BANCORP USB||Before Open||0.81|
|WELLS FARGO-NEW WFC||Before Open||1.02|
Look for PCLN, AAL, DAL, LUV and other travel related stocks to be good Friday lotto plays in the aftermath of the crazed truck driver. Tourism related stocks in Europe showed weakness throughout the Friday session.
I still have some VRX 24 Calls after flipping the 21 PUTS .10-.20 after news from Sequioa dumped out of 5 million shares in a recent filing. Bill Ackman has been the big bagger on VRX and his advertised appearance on CNBC yesterday was reason to go long on the failed biotech. I flipped out of half the 24 CALLS from .10-.22, but still have some left in case VRX does one of its Friday runs from a Bill Ackman endorsement.
The all mighty 16th of July indicator has for a very long time been a date that has been circled on calendars. Sometimes it works and sometimes it doesn’t, but it used to work very well in the heady days of the massive late 90s bull run and fairly well since.
This July 16th is a million man prayer scheduled to take place at the Washington D.C. Mall (www.reset2016.com). The July 16th/18th period used to mark turns in trends. Why? Don’t ask because I have no idea, but option expiries and US Humphrey-Hawkins Testimonials have historically been cited.
Maybe it’s because in 622 A.D., July 16th marks the beginning of the Islamic calendar? Maybe it’s because in 1790, the District of Columbia was established as the capital of the United States. Maybe it’s because in 1945 the Manhattan Project was established.
“Sell into strength,” they say. Well, it hasn’t been much strengthier for ages (but they also say “never sell a new high”). #SomethingToThinkAbout