
Picks for 7/19/21
Premarket looks red across the board. Mostly sitting out today watching a few names and possibly trying to play the downside with inverse ETFs: SPXU, SQQQ and maybe some short term puts.
PPBT - MACD is crossing and the RSI is relatively low. The current price is near the POC (ytd). Friday's candle tested the .23 fibonacci level to close just under it.
Looking for a break of 5. 01to take a long swing position. Targeting: 6.75
PAE - This has moved as anticipated since I picked it and it is not correlated to the QQQ, SPY or DIA so it may be able to make some gains in a down market.
Also watching: GNSS, PT, NLST, DPLS, CERC