Picks for 1/26/21

Lots of recent talks about bubbles in the market. I tend to agree that we are getting to correction territory. This is starting to remind me of the tech bubble. If you start seeing CNBC commentators high five and talk about "nothing stopping this market" look out. Also, in my experience, in the past tanker and cargo shipping stocks tend to trade at the top of volume boards at these times. Just some signals to be aware of.

Today I am watching many of the same names.

TMDI - I believe if this breaks $3.50 it will likely move much higher.

AMPE - I like yesterday's test of the 9 and 20 EMAs

VERI - VERI made a new high yesterday and closed at a key Fibonacci level. Looking for a break of $43.59 to possibly add for a swing trade.

Also watching: INUV, MARK, GNMK, HCHC . May consider some OTM Game Stop calls just in case the WSB crew pulls off their squeeze.

52 views0 comments

Recent Posts

See All

Picks for 12/7/21

CNDT - MACD is crossing and the price has consolidated for several days at the 4.96 level, which has acted as a key support/resistance level in the past. The most recent candle tested the uptrend lin

Picks for 12/6/21

AAPL, WBA, SXOOF NLST - Market overreaction to the case vs Samung may create an opportunity to add shares.

Picks for 12/3/21

CDEV - It looks like it could be in the early stages of a reversal as the most recent candle tested the 200 sma and closed above the .50 fibonacci level. A tight stop is necessary until the reversal