Stock traders have had some feasting this week with the BGI run from $1.25 to $5+, the LOTE loading from a week prior to see .02 being teased for a test, and the official launching of SPRN. The early morning big board runners have far outweighed the OTC tickers and yesterday showed how many OTC traders have switched their view to options with not a single ticker recording over 800 trades total.
GTII 0.41 – Remember that run TTII had starting at the end of February from .035 to 7.30 (20,757%)? They changed their ticker symbol as of yesterday so watch for volume in excess of 50,000 and/or a PPS of under .35 to warrant a closer look.
GDEE 1.79 – A new 52Wk Hi at 1.86 got recorded and volume broke above $500K Wednesday which makes any and all of those who took the .50 range chat alert to heart the day before the BREXIT results on the cusp of getting a 3 bagger when $2 prints.
NUVM 0.0049 – NUMV was a happy addition via the chat room thanks to LuhBrawn pointing it out. The Level 2 looked spectacular, nothing dirty appeared, and the trade worked well throughout the session to close at a new 52Wk Hi. Volume never met up with NUVM prior to yesterday and it may take some time for folks to go dig into their Amazon listed products. Will have to see if this “attention” can continue to be in focus today.
SFEG 0.0595 – Nice little run there since alerting the Q being dropped from it premarket on June 28 @ 0.0048. Tie in the HOD/52Wk Hi yesterday, .0655, and you got yourself there a nice little 12 bagger (1254%).
I recognize the bullish picture since last week Monday and I respect fully that we’ve been here several times before. I mentioned the JOBS and Oil data in this mornings post July 6 SPY 209.67 and a have, and have had, an open mind of this Monday’s 2104 on ES to be retested. The picture since yesterday’s 10:30AM LOD looks advantageous for the bulls, yet volume failed to indicate such on the CALLS for JUL 8 & JUL 15 yesterday.
VXX is solidifying a BULL run, printing 12s premarket, yet noting in the EU session has been able to push ES up above 2100 (2098 HOD as of 5AM EST). This isn’t as much of a hint as it is a confirmation that the Daily and Hourly charts show us being over bought and due for a pullback.
Breaking through 4 resistance lines yesterday with just 2 weeks before earnings week, early AM prints were 117.02. Those 118 CALLS from .18 entry last week are going to be GLOWING GREEN this morning. I’m still holding the AUG 19 125 CALLS from .77 which are 1.73 and may just see if the next line, 117.59, can get broken through today.
One week ago, NFLX opened Thursday’s session at just above 91 and dropped into the 89s before some good old fashioned news pumping sent it to 100 this week for a PHAT short chance. 93s printed yesterday and unless you can somehow summize a reason as to why its due for a bounce, those 92s that were visioned #OnWatch Tuesday are still likely to show themselves before the weekend.
Despite a Harry Potter lover eating a semi truck having some ill effects on Elon Musk’s baby, TSLA got a 4 Star rating the last 5 sessions thanks to closing the gap on 4 of them right back up to 215 or better each and every time. We don’t have the gap down today and new reports are out now about a second crash that may have been operating on the vehicle’s pioneering self-drive autopilot technology. Does it mean 219 is to be tested or are we due to see that drop back down to the 205 line? Undoubtedly #OnWatch ahead of Cheap Friday.