Daily Newsletter 2:13:18

Good morning y’all

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Happy Tuesday and extremely humble to see people continue to support and visit my daily blog. Thank you all.

The market had a nice little gap up closing with a +400 points on the DOW which is nice to see continuation on the bullish side. Most stocks had few gap ups but nothing major in the Penny Stocks world, nor chart setup patterns breakouts. I honestly didn’t trade anything because everything I was watching yesterday didn’t do much, other then few of the news stocks such as $ICON and $NEPT but even those had a quick gap up and it fall but then after lunch hours it came back up; so the market is not showing any predictable trades and for me am better off holding off trading until I see a reliable, predicable, with volume stock before entering a position.

Today, the stock market is have a pullback and the futures in the pre-market is down more than 100+ points. So staying alert is key.

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Here is iTwitsTrades Watchlist Today:

NEWS:

$KDMN (Today announced topline results from an ongoing Phase 2 clinical trial
evaluating KD025, its Rho-associated coiled-coil kinase 2 (ROCK2)
inhibitor, in patients with idiopathic pulmonary fibrosis (IPF) who were
previously treated with or offered pirfenidone and/or nintedanib.)

$OPGN (Entered into a global supply agreement to use Thermo Fisher Scientific’s real-time PCR technology in the company’s Acuitas AMR Gene Panel Tests)

$CATB ( today reported new positive efficacy and safety results showing preservation of muscle function and sustained disease-modifying effects in boys with Duchene muscular dystrophy (DMD) in the MoveDMD trial open-label extension following 48 and 60 weeks of treatment with edasalonexent.)

Chart Patterns:

  • $KBSF great looking and very bullish on the daily as its trading above the 50 SMA @4.40 act of support as well. Low vol which could b risky, waiting for any vol or news before going long. On watch.
  • $SGOC here is a nice upcoming possible squeeze if it can get back above the major resist @1.25 and break it w/ vol. which could lead to nice gains as its setting itself up for bottom play. On watch
  • $AKTX one of my favorite chart setups on daily, 3 green candles as conformation for possible continuity and test the 3.85 50 SMA resist area. Good vol on intraday, on watch for the break of 2.76 for a run. Very Bullish.

Market Briefing By CNBC:

Dow futures were pointing to triple-digit losses this morning after the Dow gained 410 points Monday, adding to Friday’s 330 point gain for the best two-day rise since June 2016. During last week’s crazy swings, the Dow had dipped into correction territory from January’s record highs. Ahead of today’s open, the major stock averages have gained back nearly half of the losses incurred during the market sell-off that began Feb. 2. (CNBC)

Volatility is the ‘new normal,’ but that’s not a bad thing: Market watcher(CNBC)

Today’s PM Gappers:

Today’s Hot Press Releases Scanner:

Monday’s Over Market View by FinViz:

Monday’s Top Gainers and Losers by FinViz:

Please Note:
I do not know how quickly or slowly upside may or may not be realized, therefore please assess the trade situation for yourself.
Equities can be extremely volatile, so if you aren’t able to secure your desired entry and the stock starts moving without you then you can always wait.
Pullbacks/consolidations often present the best risk adjusted opportunities to experience gains because you can get in right above support and cut losses quickly in case the trend fails. Establish a stop loss that is appropriate for you.
As I say, I would always make limited orders and never market orders, Since every traders/investors circumstance is different, make sure you create a personalized approach that works for you and always consult a financial adviser (not me).
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