Dear Fellow Traders
A rally in the afternoon helped stop what could have been another strong sell-off for the Dow Jones Industrial Average. The index opened at 10,366 and dropped more than 100 points in the first hour of trading. For the rest of the morning the Dow hovered around 10,200, hitting a low of 10,185. A rally at 2 p.m. helped push the index higher, to close at 10,321. The rally could have been sparked because the index broke below its 20-day moving average at 10,196, which could have triggered buy signals. According to some of the articles I read, further concerns over Greece’s debt problems and weaker than expected U.S. Jobless claims helped increase investor fears.
It was a mixed day for the Tech sector but the improved general market sentiment helped the NASDAQ Composite regain most of its lost territory. QQQQ, the ETF of the NASDAQ Composite gapped significantly lower, opening at $44.11. That is 50 cents from Wednesday’s closing price. The ETF hit a low of $43.83 before it managed its rally higher. Strong investor buying helped push QQQQ to a high of $44.70 but when the dust settled it closed just below the previous closing price at $44.60.
Gold prices appear to be finding some support and managed to close back in its previous trading range. GLD, the most popular gold ETF opened the day at $106.70 and early in the morning hit a low of $106.60. However I have heard a lot of investors are buying gold whennever it dips so this price probably triggered a buy signal. Investors were able to drive GLD to an intra-day high of 108.70. By the end of the day the ETF settled back down slightly to close at $108.31.
One again we are seeing some major gains in WDRP. From the closing price on Feb. 19 to Thursday’s close the stock has made a gain of over 233%. That is just amazing. I have been waiting to see if the stock would break through resistance at $0.03 and I was not disappointed. On Thursday the stock opened at $0.025 and dropped to a low of $0.0241 before the momentum kicked in. Investors were able to drive the price to a high of $0.0395 and manage most of those gains as WDRP closed at $0.0345. What is very exciting is the fact that volume remains strong. Thursday’s was the stock’s second biggest day with 63.3 million shares traded.
CBBV has made some very good gains and we are seeing some of the volatility dying down so we could be in for another move higher in the next few sessions. The stock opened at $0.17 and some pressure in the morning caused the stock to drop to a low of $0.16. As we can see from the chart, CBBV is finding some support in that area. The stock managed to bounce back and hit a high of $0.21. There appears to be some resistance at $0.20 which is where the stock closed at. A break of $0.20 would probably create a strong buy signal for investors who are waiting for a confirmed move in this stock.
SNWT managed to hold on to some of its gains from Wednesday, despite ending Thursday in negative territory. The stock opened at $0.146 within the first hour of trading it hit it’s intra-day low of $0.13. This created a good buying opportunity, especially for any investors who missed the previous entry point. The stock managed to jump off its low and hit a high of $0.149. Some of the volatility died down in the afternoon and the stock managed to close at $0.14. Volume is slightly lower than the previous sessions but remains relatively strong with 424,000 shares traded on Thursday.
We are seeing some interesting consolidation in BHWX. From the pennant pattern the chart is forming, the stock could be ready to make another move higher very shortly. It is interesting that today’s price action is right between the 50-day moving average at $0.65, which was the intra-day high and the 20-day moving average of $0.62, which was the closing price.
HSCO is becoming a promising trade. Volume is rising and it is has made consistent gains in the last three sessions. Low volume has plagued this stock but on Thursday it traded almost 400,000 shares. We can see that strong volume has helped control some of the volatility. The stock opened at $1.00, hit a low of $0.96, a high of $1.05 and managed to close at 1.02.
AGCZ appears to be forming some support at $0.10 however low volume continues to plague this stock. 83,500 shares were traded on Thursday. The stock opened at its low of the day at $0.10 and closed at its high of $0.13. This is a great time to load up on this one…Getting ready for the next move of GOLD…
Finally, I have another stock to add to our watch list. MBTG has been on a strong rally for most of the month and the volume has been increasing constantly, which is something I like to see. On Wednesday the stock traded over 6 million shares. Thursday was an interesting day for the stock. It gapped significantly lower from the previous close, opening at $0.014 but it managed to close the gap and close at $0.017. I want to wait for the stock to pull back before I look at an entry point and I want to make sure the volume remains strong. The last thing I want to do is get into a position that I can’t get out of.
Have a Great Trading Day!
Verify all claims and do your own due diligence.
HyperGrowthStock.com profiles are not a solicitation or
recommendation to buy, sell or hold securities.
HyperGrowthStock.com is not offering securities for sale.
An offer to buy or sell can be made only with accompanying
disclosure documents and only in the states and provinces
for which they are approved. All statements and expressions
are the sole opinion of the editor and are subject to change
without notice. HyperGrowthStock.com is not liable for any
investment decisions by its readers or subscribers. It is
strongly recommended that any purchase or sale decision be
discussed with a financial adviser, or a broker-dealer, or a
member of any financial regulatory bodies.
The information contained herein has been provided as an
information service only. The accuracy or completeness of
the information is not warranted and is only as reliable as
the sources from which it was obtained. It should be
understood there is no guarantee that past performance will
be indicative of future results. Investors are cautioned
that they may lose all or a portion of their investment in
this or any other company.
HyperGrowthStock.com is owned and operated by
HyperGrowthStock.com. Neither HyperGrowthStock.com nor any
of its affiliates, or employees shall be liable to you or
anyone else for any loss or damages from use of this e-mail,
caused in whole or part by its negligence or contingencies
beyond its control in procuring, compiling, interpreting,
reporting, or delivering this Web Site or e-mail and any
contents.
Since HyperGrowthStock.com and its employees or members of
their families may hold stock in the profiled companies,
there is an inherent conflict of interest in
HyperGrowthStock.com statements and opinions and such
statements and opinions cannot be considered independent.
HyperGrowthStock.com and its management may benefit from any
increase in the share prices of the profiled companies.
Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions or future events or
performance are not statements of historical facts and may
be “forward looking statements”.
Forward looking statements are based on expectations,
estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which
could cause actual results or events to differ materially
from those presently anticipated. HyperGrowthStock.com may
be selling shares of stock at the same time the profile is
being disseminated to potential investors; this should be
viewed as a definite conflict of interest and as such, the
reader should take this into consideration. For more
disclaimers on past compensation please go to www.hypergrowthstock.com/disclaimer.
Dear Fellow Traders
Comments from Fed Chairman Ben Bernanke helped to calm investor jitters Wednesday afternoon and helped to Dow Jones Industrial Average reclaim most of the ground in lost in Tuesday’s sell off. Bernanke was on Capital Hill for his first of two day’s of testimony. He was quick to reassure Congress that the bank does not expect to raise rates in the near future. This comes after the Fed surprised the markets last week by raising the discount rate, which is the rate the Fed loans money out to commercial banks. The news helped to propel the Dow Jones Industrial average up 91 points. The index started the day at 10,284 and in the late morning managed to hit a 10,393. But gains were limited and the stock managed to settle modestly lower at 10,374.
The tech sector also had a strong day and was able to erase most of the losses on Tuesday. QQQQ, the ETF of the NASDAQ Composite gapped higher in the morning, opening at $44.41. After the bell the stock dipped modestly hitting a low of $44.32 but quickly rallied to its intra-day of $44.79. It was relatively quiet trading for the rest of the day and the ETF settled slightly lower at $44.61, which is also the 20-day moving average.
The comments from the Fed Chairman only had a modest impact on the U.S. dollar and as a result gold prices remained under pressure. GLD, the most popular gold ETF continues to trade lower and only sent a brief time above $108. The ETF opened at $107.33 and managed to hit a high of $108.16. It was in a strong down trend for most of the day hitting a low of $107.10. GLD managed to move slightly higher closing at $107.36.
It was a big day for the pick we released last night, SNWT. The stock was under significant pressure for the last three sessions and we thought the pull back was a good buying opportunity. Wednesday morning the stock broke its down trend, gapping high to open at $0.135, which was also the low of the day. Strong buying pressure helped to push the stock to a high of $0.155, which represents a 20% increase from Tuesday’s closing price. If volume increases through the rest of the week we could see it re-test it recent highs of $0.21.
It was also a positive day for our pick WDRP. The stock gapped higher in the morning, opening at $0.0215. After the bell the stock dropped slightly hitting a low of $0.021. This must have created a buy signal because the stock then drove to a high of $0.025. WDRP finally settled to close at $0.024. Volume has dropped slightly compared to the last six sessions but still remains well above its average. More than 15 million shares were traded on Wednesday.
It was an interesting day for BHWX. The stock is finding good support at $0.60. On Wednesday BHWX opened at $0.65 and quickly dropped to its low of $0.60. What is interesting is $0.61 represents its 20-day moving average. A break though this must have created a strong buy signal because investors drove the price up close at its opening price. Volume is also starting to slowly increase. 644,000 shares were traded during the day.
It was a down day for CBBV but I am not reading too much into this sell-off because of the extremely low volume. Only 62,000 shares were traded on Wednesday. The stock gapped lower in the morning, opening at $0.175 and managed to rally to a high of $0.20. Selling pressure in the afternoon caused the CBBV to fall to a low of $0.153. The stock managed to settle slightly higher closing at $0.17.
HSCO is a stock that we have been watching for the last few days. We admit that the low volume has created an ugly chart but I like the fact that volume shot higher on Wednesday. More than 100,000 shares were traded during the session. The stock gapped lower, opening at $0.80 and dipped further into negative territory hitting a low of $0.70. However the bulls jumped in and managed to drive the stock to a high of $0.99. This level also represents the 20-day moving average. A confirmed break of this price could trigger a buy signal.
I am also starting to see volume improve on AGCZ. Over half a million shares were traded on Wednesday. The candlestick pattern could be the start of a reversal. The stock opened at $0.15 and quickly fell to a low of $0.10. However, investors saw this as a bargain and managed to drive the price higher to close at $0.13.
Have a Great Trading Day
Francis
******************
Verify all claims and do your own due diligence.
HyperGrowthStock.com profiles are not a solicitation or
recommendation to buy, sell or hold securities.
HyperGrowthStock.com is not offering securities for sale.
An offer to buy or sell can be made only with accompanying
disclosure documents and only in the states and provinces
for which they are approved. All statements and expressions
are the sole opinion of the editor and are subject to change
without notice. HyperGrowthStock.com is not liable for any
investment decisions by its readers or subscribers. It is
strongly recommended that any purchase or sale decision be
discussed with a financial adviser, or a broker-dealer, or a
member of any financial regulatory bodies.
The information contained herein has been provided as an
information service only. The accuracy or completeness of
the information is not warranted and is only as reliable as
the sources from which it was obtained. It should be
understood there is no guarantee that past performance will
be indicative of future results. Investors are cautioned
that they may lose all or a portion of their investment in
this or any other company.
HyperGrowthStock.com is owned and operated by
HyperGrowthStock.com. Neither HyperGrowthStock.com nor any
of its affiliates, or employees shall be liable to you or
anyone else for any loss or damages from use of this e-mail,
caused in whole or part by its negligence or contingencies
beyond its control in procuring, compiling, interpreting,
reporting, or delivering this Web Site or e-mail and any
contents.
Since HyperGrowthStock.com and it’s employees or members of
their families may hold stock in the profiled companies,
there is an inherent conflict of interest in
HyperGrowthStock.com statements and opinions and such
statements and opinions cannot be considered independent.
HyperGrowthStock.com and its management may benefit from any
increase in the share prices of the profiled companies. Any
statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions or future events or
performance are not statements of historical facts and may
be “forward looking statements”.
Forward looking statements are based on expectations,
estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which
could cause actual results or events to differ materially
from those presently anticipated. HyperGrowthStock.com may
be selling shares of stock at the same time the profile is
being disseminated to potential investors; this should be
viewed as a definite conflict of interest and as such, the
reader should take this into consideration. For more
disclaimers on past compensation please go to
www.hypergrowthstockcom/disclaimer.
Dear Fellow Traders
The market took another tumble as investors remain apprehensive ahead of the first day of testimony from Fed Chairman Ben Bernanke. He will be providing testimony in front of the Senate and Congress. According to some of the comments that I have heard he is going to try and calm investor anxiety that interest rates are right around the corner. Weaker consumer confidence could also be helping to drag down the Dow Jones lower by just over 100 points. The selloff does not come as too much as a surprise. The DJIA has rallied almost 400 points from the Feb. 5 low. On Tuesday the Dow opened at 10,383 and managed to rally to a high of 10,411. After the brief rally, the bears took over and drove the stock to a low of 10,267. The index settled a little higher to close at 10,282. WE WILL BE WAITING FOR THE REVERSAL TO RELOAD ON THE LONG SIDE WITH THE MARKET. (for options players…)
The tech sector also gave up more gains as the NASDAQ Composite dropped almost 29 points on Tuesday. However the selloff could have been sharper. QQQQ, the ETF of the NASDAQ Composite appears to be finding some support at $44.00. The ETF opened at $44.69 and only managed to rally a few cents, hitting a high of $44.74, before dropping sharply. The stock hit a low of $43.95 before rallying slightly higher to close at $44.16.
The U.S. dollar continues to hold its recent gains. Despite the problems the U.S. government faces the fear in Europe continues to drive investor sentiment. The strong U.S. dollar is having a major impact on commodity price. Both gold and oil have lost significant ground. GLD, the biggest gold ETF, retraced most of its recent gains and closed below support at $108. On Tuesday the ETF opened at $108.84 and managed to rally to a high of $108.91. However GLD started to slide hitting a low of $107.65. The ETF managed to close slightly higher to $107.89.
WDRP continues to hold its recent gains despite another move lower. Volume remains extremely high so it is surprise the stock remains strong. More than 27 million shares were traded on Tuesday. Because volume is lower than the recent average I am not too concerned with the recent selloff. If the stock can hold support above $0.02 it will attract new investors. On Tuesday the stock opened at $0.023 hit a modest high of $0.237. After hitting its high the stock traded lower for most of the session hitting low of $0.018. A modest rally in the afternoon helped push the stock to close at $0.0208.
Our latest pick, CBBV is finding some support at $0.20. The stock opened at $0.27, which was also the high of the day. Under the strong pressure the stock hit a low of $0.175 before bounce back to close at $0.20. Manage this trade properly with proper stop loss even if their are mental stop loss point.
We are seeing some interesting moves in BYSD. There was extreme volatility in the price action on Tuesday as the stock traded in a 10 cent range. The lower volume could be the reason behind the wide trading ranging. The stock opened at 0.27 and in the morning hit a high of $0.31. However the gains could not be sustained and by noon it was trading at its low of $0.21. If the volume can increase I think the stock would be able to revisit higher prices.
KNDR continues to show signs of building momentum. $0.05 is proving to be a very strong support level. The stock has traded at this level for the last 10 sessions. On Tuesday the stock opened at $0.05 and closed at $0.06. If volume can increase this stock could move higher very rapidly.
The last stock I wanted to talk about is SUNV, which was on our watch list in Monday’s newsletter. The stock has been under pressure for the last five sessions. The stock appears to be finding support at $0.10. Let’s keep watching it for the right sign.
Have a Great Trading Day
Francis
******************
Verify all claims and do your own due diligence.
HyperGrowthStock.com profiles are not a solicitation or
recommendation to buy, sell or hold securities.
HyperGrowthStock.com is not offering securities for sale.
An offer to buy or sell can be made only with accompanying
disclosure documents and only in the states and provinces
for which they are approved. All statements and expressions
are the sole opinion of the editor and are subject to change
without notice. HyperGrowthStock.com is not liable for any
investment decisions by its readers or subscribers. It is
strongly recommended that any purchase or sale decision be
discussed with a financial adviser, or a broker-dealer, or a
member of any financial regulatory bodies.
The information contained herein has been provided as an
information service only. The accuracy or completeness of
the information is not warranted and is only as reliable as
the sources from which it was obtained. It should be
understood there is no guarantee that past performance will
be indicative of future results. Investors are cautioned
that they may lose all or a portion of their investment in
this or any other company.
HyperGrowthStock.com is owned and operated by
HyperGrowthStock.com. Neither HyperGrowthStock.com nor any
of its affiliates, or employees shall be liable to you or
anyone else for any loss or damages from use of this e-mail,
caused in whole or part by its negligence or contingencies
beyond its control in procuring, compiling, interpreting,
reporting, or delivering this Web Site or e-mail and any
contents.
Since HyperGrowthStock.com and its employees or members of
their families may hold stock in the profiled companies,
there is an inherent conflict of interest in
HyperGrowthStock.com statements and opinions and such
statements and opinions cannot be considered independent.
HyperGrowthStock.com and its management may benefit from any
increase in the share prices of the profiled companies. Any
statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions or future events or
performance are not statements of historical facts and may
be “forward looking statements”.
Forward looking statements are based on expectations,
estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which
could cause actual results or events to differ materially
from those presently anticipated. HyperGrowthStock.com may
be selling shares of stock at the same time the profile is
being disseminated to potential investors; this should be
viewed as a definite conflict of interest and as such, the
reader should take this into consideration. For more
disclaimers on past compensation please go to
www.hypergrowthstockcom/disclaimer.
Dear Fellow Traders,
On Monday I was looking for a pullback and I was not disappointed. In fact I am encouraged because the selloff in the Dow Jones Industrial Average was not as big as I thought it was going to be. According to some of the articles I have been reading a lot of traders are sitting on the sidelines to wait and hear what Fed Chairman Ben Bernanke has to say when he gives his semi-annual testimony before the Senate and the Congress on Feb. 24 and 25. I am expecting the Dow to trade sideways around 10,400. On Monday the index opened at 10,402 and managed to rally to a high of 10,433 before dropping to a low of 10,368. By the end of the day the market managed to settle slightly higher, closing at 10,383. Volume was relatively low, which is a good sign that investors are waiting to hear what Bernanke has to say about future interest rates. Positive earnings from Lowes could have sparked the rally in the morning. The strong results could be an indicator that the housing sector is starting to improve.
There was a modestly bigger sell-off in the tech sector Monday compared to the general market. Again this move is not surprising. After the six-session rally you really have to start wondering just how many buyers remain in the market place. QQQQ, the ETF of the NASDAQ Composite did not spend much time in positive territory. The ETF opened at $45.01 and hit an intra-day high of $45.03. Sellers quickly stepped in to fill the void and drove QQQQ to a low of $44.56. Now that the dust has settled the stock closed the day slightly higher at $44.74. As with the Dow we could expect either consolidation or a healthy pullback…there are definitely signs of market reversal for the short term…
Traders continue to watch the debt situations in Europe. There are still some concerns that Greece will not be able to fund their debt obligations. That has put pressure on the euro and helped push the U.S. dollar higher. And we all know the impact a strong U.S. dollar has on commodity prices, in particular gold. GLD, the biggest gold ETF spent most of the day in negative territory. But it is not all bad news. The ETF continues to hold most of its gains made last week and is holding support just above $109. The ETF started the day at $109.86 and managed to hit a high of $109.97. However the gains were not sustainable and GLD dropped to a low of $108.66. Later in the afternoon the stock managed a modest rally and closed at $109.07.
It was another strong day for WDRP. It appears to be finding some support at $0.02 and there is very strong volume so this tells me that these higher prices could be sustainable. The stock gapped higher at the bell, opening at $0.0245. After momentum has been strong on this stock and traders were able to push the stock to its intra-day high of $0.0275. This however created a strong sell signal and bears were able to push the price to its low of $0.02. We have recommended this area as a buying opportunity and we were right because bulls once again stepped in a drove the price higher closing at $0.0235.
Our latest pick, CBBV also had a very good day and was able to hold on to most of its gains after gapping higher at the open. On Monday the stock opened at $0.27 and quickly rallied to a high of $0.29 but as with most gaps there was a lot of selling pressure and bears were able to drive the stock to a low of $0.17. However the bulls steadily made gains and drove the price back up to close at its opening price.
The price action we saw in BHWX confirms the reversal of its down trend. The stock also had a strong open with a big gap and a quickly rally. The stock opened at $0.61 and quickly rallied to a high of $0.65. However these gains could not be sustained and BHWX dropped to a low of $0.60. This price previously acted as a strong resistance point and now it could act as a strong support point. Investors jumped back into the stock and it managed to sell at $0.63.
BYSD continues to confirm a reversal and on Monday the price action formed an even stronger hanging man than on Friday. Monday’s positive close shows that momentum is starting to turn and buyers are starting to outweigh sellers. The stock opened at $0.27 and hit a low of $0.25. This drop caused a buy signal and the stock rallied to close at $0.275.
RVBF continues to consolidate with very low volume, which makes it hard to predict any move one way or another. The stock opened at $0.065 rallied to a high of $0.075 and then managed to close at Friday’s closing price of $0.07.
Finally, HSCO remains on our watch list. This stock continues to trade with very low volume but it is close to breaking its recent down trend. The stock has been in a down trend after its Jan. 21 high of $1.30. The stock opened at $0.99 but the extremely low volume helped it to drop to a low of $0.75.
Have a Great Trading Day!
Francis
Verify all claims and do your own due diligence. HyperGrowthStock.com profiles are not a solicitation or recommendation to buy, sell or hold securities. HyperGrowthStock.com is not offering securities for sale.
An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. HyperGrowthStock.com is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies.
The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company.
HyperGrowthStock.com is owned and operated by HyperGrowthStock.com. Neither HyperGrowthStock.com nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents.
Since HyperGrowthStock.com and it’s employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in HyperGrowthStock.com statements and opinions and such statements and opinions cannot be considered independent. HyperGrowthStock.com and its management may benefit from any increase in the share prices of the profiled companies. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be “forward looking statements”.
Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. HyperGrowthStock.com may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration. For more disclaimer on past compensation please go to www.hypergrowthstockcom/disclaimer .
Dear Fellow Traders
Last week was important for the bulls as investors were able to drive the Dow Jones Industrial Average higher. The surprise rate cut Thursday evening helped to spook some traders and after a bit of a stumble in the morning the index continued its trek higher. The Dow ended the week just shy of positive territory for 2010. On Friday the index opened at 10,387 and quickly dropped into negative territory. After hitting a low of 10,339 the Dow recovered and jumped into positive territory for year hitting a high of 10,438. Finally the index settled at 10,387. The Dow has rallied for eight straight sessions so I continue to remain cautious about further gains. Investors have been very sensitive regarding problems in Europe and Greece. Those problems could once again come to a forefront this week as Greece attempts to sell as much as $6.7 billion in 10-year bonds. If the auction is not successful it might raise more concerns over the country’s ability to pay its debts. So far no firm date has been set for the auction.
The NASDAQ composite continues to moves in step with the general market sentiment. On Friday QQQQ, the ETF of the tech sector, closed in positive territory for the sixth straight session. The ETF opened the day at $44.76 but like the general market stumbled is the morning hitting a low of $44.62. The stock managed to recover and broke through resistance hitting a high of $45.05. However the gains could not be sustained and QQQQ closed at $44.83.
Gold continues to hold most of its gains made during the week. According to some of the comments I have heard, the strong gold prices reflects a weaker U.S. dollar. For the last four sessions GLD, the biggest gold ETF has traded around $109 and even broke through $110 on Thursday and Friday. On Friday the GLD opened at $109.32 and hit a low of $108.81. However investors looking for a bargain jumped in and drove the price to a high of $110.39. However prices dropped again in the afternoon and closed at $109.47.
*******
It was another positive day for WDRP. The two days of selling was enough to shake out the weaker investors and now bargain hunters are jumping back into the stock. On Friday the stock opened at $0.016 and hit a brief low of $0.015. I have said that this area was a good buying opportunity. With the momentum we have seen in this stock there is a very good chance that prices will move higher very quickly. The stock hit a high of $0.0225 and closed at $0.022. On Friday the stock traded more than 47 million shares. For investors who have struggled to get into this stock or who want to increase their exposure, we are recommending the current price as a good entry point.
CBBV, is also expected to take off. The stock closed at its high of $0.24. Volume has increased steadily for the past three sessions. On Friday the stock traded 448,000 shares. For investors who are not members of the inner circle there is still a chance to get into this stock. We like its current price as a good entry point. We think CBBV has enough momentum to reach $0.35 and maybe $0,50. Go see this page for more info: http://www.hypergrowthstock.com/feb-22-pick
Our pick, BYSD didn’t start as strong as we expected but after a brief consolidation period we are seeing signs of a reversal. The candle formed from Friday’s price action is called a hammer. Basically it means that prices dropped low enough to attract investors, who were able to drive the price off its low and close near its opening price. What confirms the reversal pattern is the fact that the stock has been in a modest down trend for the last two weeks. On Friday the stock opened at $0.28 and dropped to a low of $0.23, which created the strong buy signal. BYSD hit a high of $0.29 and closed at $0.27. But the volume is low presently so you have to use smaller position if you do so.
After a brief consolidation period we think our pick, BHWX, is ready to take off. The positive close on Friday could a sign of a reversal. I also like the fact that the stock has built a good base with support at $0.56. On Friday the stock opened at that price and managed to remain in positive territory for the entire day. The stock hit a high of $0.60 and closed slightly lower at $0.59.
Another View of BHWX
It looks like our gold pick, AGCZ is finding some support. Volume remains low so I continue to watch and wait. The stock opened at $0.14, which was also the day’s low, and high of $0.21. The stock closed at $0.20. I continue to watch gold price as well. As I have said before a strong rally in gold will increase interest in small cap gold stocks.
To start the week off I wanted to provide you another set of stocks on our watch list. We are watching these stocks to see if there is any momentum play we can make.
GYSN
HDVY
MFLI
PAYD
SUNV
Have a Great Trading Day
Francis
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Dear Fellow Traders
The Dow convincingly pushed higher and breaking throught the pivot of Feb 2nd, which is great news for the market. The index continues to break through any significant resistance points as it made gains of almost 100 points in Wednesday’s trading. The Dow opened at 10,309 and closed at a high of 10,392, which was only 14 points down from its intra-day high of 10,406. Although it was another strong day for bulls, they could run into a stumbling block in today’s trading action. Following the close on Thursday the Fed announced a surprise hike in the discount interest rate. This is the interest rate banks pay for emergency loans from the Federal Reserve. Although the hike was announced after the market closed it had an impact on the futures market. Dow future contracts dropped following the announcement. This could lead to significant selling pressure at the open. And yes we could get a pullback here but i will look at the next low to be higher than the one we had recently around 9800.
The tech sector continues to move higher for its fifth straight session. QQQQ, the ETF for the NASDAQ Composite. Opened the day at $44.54 and spent a brief period in negative territory, hitting an intra-day low of $44.45. However investors jumped back into the market driving the price to a high of $44.93 and finally settled at $44.85. Although the ETF continues to move higher, volume is starting to drop. This might be a sign that buyers are not as aggressive. I am not expecting a lot of gains in the next few sessions. I think investors will be looking for any excuse to take their profits. I think $45.00 could represent the first sign of major resistance for QQQQ.
Gold prices closed the day just under a significant resistance point. The U.S. dollar remains under pressure, which is helping to support commodities like gold. GLD, the biggest gold ETF, started the trading day at 109.61 and for the second day broke through $110, hitting a high of $110.11. However those gains could not be sustained as the market closed at $109.98. A close above $110 could trigger a strong buy signal for investors and confirm a reversal of the recent down trend. The recent action from the Fed could help support the U.S. dollar and put pressure on gold prices. However some comments I have heard is that the market has already priced in this incremental move so any gains in the greenback are expected to be short term moves.
It was a down day for WDRP but that is no surprise after the strong selling pressure we saw on Wednesday. I think the action we saw was in part from continued profit taking as well as weaker investors being shaken out after missing the opportunity of major gains on Tuesday. The stock opened at $0.0188 and managed to hit a high of $0.02 before selling off sharply. The stock hit a low of $0.0135 before settling slightly higher at $0.014. Thursday’s closing price was also the low point on Tuesday, which sparked the major rally.
On February 8 we provided some charts of stocks we are watching. I wanted to take a moment to give you an update on some of those stocks. The first is GETA, we continue to watch this stock but I want to see more movement with stronger volume. Although more than 3 million shares were trade on Thursday this is only slightly above its average volume. The price is having some trouble breaking through resistance at $0.135. That is where the stocked opened at on Thursday and closed in negative territory at $0.117. For this listed Penny Stocks, i would like to see a dramatic volume surge with movement, to get a quick trade…
BNXR has made some interesting moves. We did not cover it here but the base around $0,20-$0,22 was a good entry for a quick trade. Some time we will give you stocks that you need to add to your watchlist and these are potentially going to trigger short term but you are on your own to decide when to get in. BNXR is one of them.
Have a Great Trading Day!
