Daily Newsletter 2:14:18

Good morning everyone.

Happy Wednesday… Yesterday’s market was the first time since we had the selloff, to see a bounce and now its doing the consolidation. This is exciting because now am comfortable taking a trade on the long side, and its because I’ve seen action in the penny stocks as well when they get a good press release. Volume is gaining up in the penny stocks again.

Yesterday’s DOW WAS UP ANOTHER +40 points which is awesome. The futures today all are up which indicate for another Green Day.

Here are today’s iTwitsTrades Watchlist:

NEWS

$TEUM ( today announced that it is has been awarded a 3-year contract to provide its Global Cloud Platform for a Connected Home and Office Project in the United Kingdom)

$AUPH (today announced that it has launched ALL INTM, an educational program for people living with lupus nephritis (LN). ALL IN is designed to raise awareness for LN and to support members of the LN community)

$DRRX ( today announced that its licensee, Pain Therapeutics (Nasdaq: PTIE), reported yesterday that it has resubmitted the New Drug Application (NDA) for REMOXY® ER to the U.S. Food and Drug Administration (FDA).)

( today announced it will launch its Regulation A+ offering at 12 p.m. EST on , allowing any investor the opportunity to own stock in the Company.) bitcoin blockchain

Chart Patterns:

  • $CNIT this stock is really starting to grind and push up, as it continues to hold the 50 SMA support @2 I will be looking for a position today on the first pull back and near the 2.11 or the break of 2.23 with good volume.
  • $CREG low float stock that could get a bounce of the 200 SMA @1.85 area. Worth keeping it on watch as the stock is known as a superNova w/ a recent run to 9 just few months ago.
  • $OPTT +5% w/ 17m in float, its not bad nor the best but the chart on the daily looks bullish as continues to uptrend w/ support @1.05 and resist @1.15 break of that area it would test next area of resist @1.27 200 SMA on daily. On watch

Market Briefing By CNBC:

U.S. stock futures were higher this morning ahead of a key inflation report. The Dow, S&P 500, and Nasdaq, all on three-day win streaks, have recovered roughly half their losses from the bottom of the recent sell-off. (CNBC)

Around 6:55 a.m. ET, Dow futures indicated a rise of about 140 points at the open. The Nasdaq and S&P 500 futures also suggested markets would begin trade in the black.

Today’s Hot Press Releases Scanner:

Today’s Morning PM Gappers:

Tuesday’s Top Gainers & Losers by FinViz:

Tuesday’s Market over all view:

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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