Daily Newsletter 2:15:18

Gooooooood Morning Y’all:

Happy Thursday, its been a fun week to see the stock market hold its gains and continue to be on the bullish side, Even though we had a big drop on the DOW/SPY during Pre-market due to rise of inflation, which caused panic to many, the market bounced and ignored the news. Closing the DOW +253 on the upside thats 1% higher. Its always exciting to see a bullish market, because it means increase in volume on the penny stocks world, giving us traders opportunity to go long on great setups with confidence.

Today the market and futures all seem soar at the opening with another 100+ points higher. Will be watching the morning news scanner and the Trade Ideas Gappers scanner. For faster updates, check out my twitter page for tweets during Pre-market and if your not on twitter, read the daily newsletter as it would include it all.

Here are today’s iTwitsTrades Watchlist:

NEWS:

  • $OMER (Omeros Reports Significant Improvement in Overall Survival Data in OMS721-Treated Patients with Hematopoietic Stem Cell Transplant-Associated Thrombotic Microangiopathy, down big after the hit piece yesterday…be careful of dead cat bounce)
  • $CYTX today presented data from the U.S. 88 patient, 19 center, randomized, double blind, placebo-controlled STAR clinical trial of Cytori Cell Therapy (Habeo) for the treatment of impaired hand function in patients with systemic sclerosis (SSc).
  • $GST (Announces 68% Increase in Year-End 2017 Proved Reserves, 2017 4th Quarter Production, Operations Update, 2018 Capital )
  • $MNGA (Doubled the sales team to take full advantage of growth opportunities in the local market. The MagneGas team has also launched a comprehensive integration and product training program to better equip the expanded sales force on the full benefits of MagneGas2®, the only known renewable cutting fuel on the market)
  • $ARGS (today announced the issuance of U.S. patent 9,879,053, covering the strain-independent amplification of human immunodeficiency virus, or HIV, nucleic acid sequences for use in vaccinations.)
  • (today announced that, pursuant to its continued collaboration with MD Anderson it has developed and licensed what it believes, based on preclinical testing, is a breakthrough in its effort to develop a new cancer treatment that selectively kills highly resistant tumors.)

Chart Patterns:

  • $AMRS issued nice fat upcoming bounces to all their “executive officers” in their recent 8K filling. Chart looks bullish and break of 5.5 could lead to nice gains. 20M in float. ***Earnings 3/1 in AH
  • $NOVN +5% Intraday w/ only 9m in float. Break of 3.8 could test 200 SMA @4.7 resist. Healthy and bullish chart setup on daily. Keeping it on watch for today or tomorrow for that run-up. ***Ph 3 data results will b announced on 2/20/18 @ the AAD conference.
  • $GALT ever since its last recent drop, the 50 SMA on daily continues to show strength of major support, its at support testing it again. Back above 4 could lead the up-trend on daily. Nothing major but good trend line hold. 28m in float.

Today’s Market Briefing by CNBC:

U.S. stock futures were sharply higher Thursday, but this morning’s inflation numbers could turn a positive futures session on its ear, as it did Wednesday. The Dow, S&P 500 and Nasdaq, on a four-day win streak, have recovered nearly 60 percent of their recent sell-off losses.

However, ahead of today’s trading, the Dow was still down 4.8 percent for the month. It hasn’t posted a February drop since 2009. (CNBC)

The January Producer Price Index is out at 8:30 a.m. ET, with consensus forecasts calling for a 0.4 percent jump following December’s 0.1 percent decline, while the core PPI is expected to rise by 0.2 percent after December’s 0.1 percent drop.

Three other economic numbers are out at 8:30 a.m. ET: initial jobless claims for the week ending February 10, the Empire State Manufacturing Index and the monthly Philly Fed Index, expected to decline to 20.4 from the January reading of 22.2. (CNBC)

 

Today’s Morning Scan Gappers in Pre-Market:

Today’s Morning Press Release News in Pre-Market:

Wednesday’s Overall Market by Finviz:

Wednesday’s Top Gainers and Losers stocks:

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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