|Day Low/High||3.88 / 4.42|
|52 Wk Low/High||1.42 / 7.16|
There's a merger involving one company, a collaborative agreement for another and hints of a positive regulatory development for a third.
Here are some biotech and gaming names I am watching as these sectors begin to rotate.
Trading in biotech stocks and a particular SPAC play are on my mind.
Quite a few stocks are fading right now -- not due to poor fundamentals, but due to lack of buying interest.
I'm currently heavily invested in several stocks that are drifting around as I'm quite confident that the eventual catalysts will come.
So far today, aggressive stock picking is looking like a possibility.
There is so much going on right now that it is overwhelming.
All these names, I believe, have potential positive catalysts, but they all can drift lower in a poor market.
It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.
My primary goal is to stay flexible and not just sit there.
You have the power to keep working to adjust your position size so that when a trade does work as hoped, you can maximize your gains.
The best thing that can happen to this market technically are some pullbacks.
My bread and butter trade is to find stocks with solid fundamental stories and then aggressively trade the volatility around core positions.
Here is how I plan to trade them from here.
The main themes are bitcoin, cannabis, stocks priced under $10, small biotechnology, and small-caps in general.
Study those charts and be ready to act as things develop.
Even the solid gains on the major indexes fail to show just how good individual stock picking can be right now.
It is important to be selective with your picks, and it is even more important to move quickly.
This looks like consolidation after a big run rather than a major shift in market character.
The ability to execute options plays at cheap prices is a big change from a quarter-century ago, and small investors would do well to employ them.
This small specialty company focusing on drug delivery has a growing revenue stream.
We are due for a bounce and the earnings tonight are a good catalyst but then what?
I expect the indices will jump around again soon on news about fiscal stimulus.
Even when the story is good, the chances of a great trade are enhanced when technical conditions are there to help drive it.