Watchlist: 1/15 Bearish Engulf, Penny Stocks Rule

Market Notes:

I saw a report showing 18% of all trading this past Monday was in stocks priced below $1. This is not intuitions, they don’t mess with these stocks for the most part. It’s amazing the power of the new breed of “day-traders” out there. They are driving incredible moves.

Overall markets actually slipped a little bit yesterday. Nothing too significant, but the chart is showing a bearish engulfing pattern. I expect today and maybe even Monday to have some selling.

The overall trend is still up, the VIX is still relatively low, and I remain bullish.

There’s a huge amount of stocks in play today, I’ll be moving quickly and deliberately.

Watchlist:

*Low Float

*PPSI has resistance at $6

*POLA has resistance at $9

*CPSH is on watch

*SUNW has resistance at $13

*GVP has resistance at $1.70

*AKTX has support at $2.45

*FNKO has support at $12.50

*MOGO has resistance at $5.20

ALDX watching for a setup above $12

DARE has resistance at $1.60

BOXL has resistance at $2.15

CXDC has resistance at $1.25

IZEA has resistance at $3.20

ACTG is on watch

UBX watching for a setup above $7

STNG has support at $14

LXRX is on watch

DBVT watching for a setup above $5

CRIS has support at $11

DBI has support at $9.50

PEI watching for a setup above $1.40

ICLK has resistance at $12

TK has resistance at $3

SLCA has support at $9

ORBC has support at $8

GSM watching for a setup above $2.20

GLOG has resistance at $6

FINV is on watch

AT is on watch

HEXO has support at $7

SENS has support at $1.20

BNGO has support at $7, resistance at $8

AMRS has support at $10

NAVI has support at $12

APHA watching for a setup above $12

BB has support at $10

Leave a Comment

Your email address will not be published. Required fields are marked *