Daily Newsletter 3:7:18

Good Morning Everyone…

Happy Wednesday everyone and hope you all doing well. Thanks again for all the support, likes, shares on all my social media and blog site here. As always, its much appreciated. I do this in the hopes for newbies to alert him/her self of the scam online when it comes to paid chatrooms that they fall into it.

Yesterday the market fell off and with more selloffs, and was able to find some support and trade sideways. Today it seem we are in a bear market as the futures are all pointing on the downtrend, which is why $TVIX is spiking and making new highs in Pre-market. These stocks i.e., $TVIX $UVXY etc. are like fuel added to fire. Every time the market drops, these get fired up and spike.

I continue to avoid intraday trading due to high volatile market, and am focusing more of a swing trade vs. day trade stocks. Look out for my chart patterns watchlist, and if you see what I see, go for it and trade it.

As always, stay alert, avoid pumps and dumps and trade wise by planning your entry, stop loss, and exit.

Here is today’s iTwitsTrades Watchlist:

News:

$SHIP ( A 123% increase compared to the fourth quarter of 2016. For the twelve month period ended December 31, 2017, net revenues were $74.8 million, up 116% compared to the same period of 2016. As of December 31, 2017, stockholders’ equity was $41.3 million and cash and cash equivalents, including restricted cash, was $11.0 million)

$MNGA (Increase the sales force at Green Arc Supply, the Texas-based operations the Company acquired on February 20, 2018. As part of the local growth strategy, MagneGas has authorized additional hires at all three Green Arc locations, with the goal to immediately increase the local sales force by approximately 60%. The additional investment in staffing is expected to lead to approximately a 50% increase in revenues for Green Arc in 2018.)

$RSLS (Today announced an exclusive federal government business channel sales agreement with Academy Medical, LLC to sell its ReShape Balloon™ and ReShape vBloc™ products to U.S. Department of Defense (DoD) medical facilities.)

$PIXY (ShiftPixy is a prime use case for implementing a private, centralized blockchain due to the security and privacy of the data that a blockchain affords. In business, human capital transactions contain some of the most crucial and sensitive personal information-namely, everything contained in the personnel records for an individual (including social security number, date of birth, driver’s license or passport details, bank account information, tax form elections, and more).

Chart Patterns:

  • $SSKN Closing at the resist 1.4 w/ +2% low float 3.6m, and trading above its 50 SMA 1.34 with a possible squeeze on daily, which all leads to a nice bullish stock. Recent PR earnings will b on 3/29th. On high watch for the 1.4 break, next resist 1.7 200 SMA.
  • $FORD Update. The squeeze of the bullish falling wedge continues to b in place. Closing with a doji which could lead to reversal. I have increased my position to average my entry price @1.71 and @1.61 w/ 5K shares.
  • $CYCC Continues to be on watch, the stock has continued to show support @1.5 since July of 2017. Resist @1.66 which is the 50 SMA break of that area, could lead to a nice run and test next area of resist @2.25 200 SMA

Today’s Market Briefing by CNBC:

U.S. stock futures were sharply lower this morning, following news that White House economic advisor Gary Cohn is resigning. Markets ended Tuesday in the green after swinging between positive and negative territory throughout the session.(CNBC)


Total mortgage application volume was essentially flat last week, up just 0.3 percent on a seasonally adjusted basis, Mortgage Bankers Association data showed this morning. Volume was 5 percent lower than the same week one year ago. (CNBC)

Today’s Pre-Market Gappers:

Screen Shot 2018-03-07 at 3.35.28 PM.png

Today’s Pre-market PR News Scan:

Screen Shot 2018-03-07 at 3.35.20 PM.png

Yesterday’s Overall market:

Yesterday’s Top Gainer and loser stocks:

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