Stocks to Watch ” There was the 12k”
The Fed is committed to pumping as much juice into this market to keep it going. This market wanted 12k bad enough to ignore all the warning signs and keep printing highs. Sure we are going to pay for it later but for now let’s trade like there is no tomorrow. Lot’s of great set ups for the nimble trader.
Watchlist: KEYN NANO GRM MDW PNX BIOF
KEYN
Never saw it coming but what a killer blast in the last hour. It’s an earnings play so this could be just the beginning . As long as it maintains the gap.
NANO
I’ve been trading this thing for over a year now. I missed the original break out from a few days back but today this has sunk in all new highs. I expect this to run some more. Don’t chase these up wait for pull backs to build positions.
GRM
We were all watching this close for a short but no go. This chart is out of control. I have no interest in buying this because the rr is pathetic. I will have to take a short shot here soon.
MDW
As risk piles on traders buy the gold. This chart looks nice and gold is due for a bounce. I liked the action on this today and I like the long plays for tomorrow.
PNX
This is a great momo chart that is working solid in this market. Strong action all day.We’ll see how Thursday plays out for higher prices
BIOF
A heavily oversold stock that got a sweet bounce. BIOF is a very sketch stocks that has a lot of odd movements. I don’t like breakout buying on this I prefer dip buying.
CBB
HWAY
