Daily Newsletter 3/2/18

Gooooood Morning y’all..

Happy Friday y’all and a new month of March. March is here, and the market still has much more opportunities ahead because its a month where new traders will start to entry investments as they get their tax returns. Previous years has shown March, April, and May are hot months for PennyStocks, but realizing its big scam is key.

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Look at $KBSF yesterday it was one of my biggest gains since the start of this year. I also realized it was a big pump and dump by a chatroom, that alerted it to sell at 6.00 because they entered at the 5ish area. I mentioned I will be swing’n it and looking for that squeeze on the daily. I had to lock in profits once I saw it halted on volume. My exit was at 6.6 and it dropped back to 5ish again.

When I swing penny stocks I watch them on a daily bases and making sure to get out in time before it dumps is key.

 

Chatroom alert a.k.a Pump & Dump

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Yesterday was a big selloff in the market, and today the futures seem like another selloff, I will not be trading nor taking a swing trade, until next week to wait and look for better market conditions.

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Here is iTwitsTrades watchlist today:

NEWS:

$SNOA (Sonoma Pharmaceuticals Announces Pricing of $5 Million Public Offering of Common Stock)

$SGYP (Blog Exposure – Cipher Pharma Acquired Canadian Rights to Synergy Pharma’s FDA-Approved TRULANCE(R)

$AVGR (Avinger Regains Compliance with Nasdaq Listing Requirements)

Chart Patterns:

$TVIX and watch out for a pump on $LMFA 

Today’s Market Briefing:

Futures were sharply lower this morning, re-approaching their early February lows, after President Donald Trump announced new tariffs on aluminum and steel, sparking fears of a trade war. Thursday’s losses pushed the Dow into negative territory for 2018. (CNBC)
04:10PM
Despite the overall market’s losses, steel and aluminum stocks rose on Thursday, reaching their session highers after Trump’s announcement. The president is expected to set tariffs, as early as next week, of 25 percent on steel and 10 percent on aluminum. (CNBC)
Dow futures drop 300 points as Street extends sell-off after Trump announced tariffs

Today’s Pre-market Gappers:

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Today’s Pre-Market News:

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Yesterday’s Market Overall:

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Yesterday’s Top Gainers and Losers:

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