Daily Newsletter 2:28:18

Good morning everyone.

Happy Wednesday and last day of the month. Its been a slow month and not much opportunities for me to trade and make profits. If you see major profit taking on someone’s page, its most likely a pump and dump that he/she was able to get in at a good low priced stock and selloff his/her position once it was sent on a their twitter account. Never copy or chase someone else’s alert to recommend you to buy or sell a stock.

Alright, yesterday I didn’t trade any stock, because I realized the market is getting another selloff after 45 minutes into the opening bell, we saw drop of in the $SPY and buying volume in $TVIX which indicted a bearish condition market. The 2nd reason I didn’t trade because am currently in a swing trade $KBSF holding 2,500 shares as I continue to add and average 5.4 now. Looking for a 6.5 target with a stop loss 4.85

Market conditions are well known for momentum continuation, and since we had a big selloff, except to see another selloff and possible drop in the market.

As always, Stay aware of sounding, people who you follow, and lock in profits when you have them.

Here is iTwitsTrades Watchlist Today:

NEWS:

$SGYP (has acquired the exclusive Canadian rights to develop, market, distribute, and sell Synergy’s Trulance, which was developed for the treatment of chronic idiopathic constipation)

$MBVX (announced today positive interim results from the initial cohort of the Phase 1 clinical trial evaluating the Company’s new human antibody-based radioimmunotherapy (“RIT”) product MVT-1075 for the treatment of pancreatic, colon and lung cancer)

$MTP (has granted orphan drug designation (ODD) for its advanced liver cancer drug candidate MTD119.)

$TEUM (Pareteum Awarded $10 Million Contract from Established Carrier to Launch a Global MVNO)

Chart Patterns:

  • $LMFA Another low float and well known formal runner with great past chart history spiker. Looking for the break of @1.6 to run and test its next resist 200 SMA @2.55
  • $KBSF just under a 1m in float, with a great looking chart patter setup inside a possible squeeze in coming days. Break of its prime @6 resist is key. Am currently holding a small position long @5.67 and possible add if it drops to support area of 5.25

Keeping few more on watch: $BPMX and $AKER

Today’s Market Briefing:

Futures were higher this morning, but stocks remain on track for their biggest February declines since 2009. The Dow hasn’t posted a February loss since that last month before the post-financial crisis rebound began. (CNBC)

The government issues its second look at economic growth for the fourth quarter of 2017 at 8:30 a.m. ET. The Chicago Purchasing Managers Index is out at 9:45 a.m. ET. Additionally, the National Association of Realtors is out with January pending home sales at 10 a.m. ET. (CNBC)

Today’s Pre-Market Gappers:

Today’s Pre-Market News Scan:

Yesterday’s Market Condition:

Yesterday’s Market Top Losers and Gainers:

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