The Dow Jones Industrial Average continues to bleed points. On Wednesday, the index closed at 9,772 which was its lowest point for the year. Now that the index has closed below near-term support at 9,800, we are expecting to see more weakness as it drops to 9,500.
The tech sector is also haemorrhaging points and we think QQQQ, the ETF of the NASDAQ Composite should break through support at $42.50. On Wednesday, the ETF closed at $42.71 so we could see this move happen at the open. The next support level would be $42.00.
Gold prices are holding on to their recent gains but it is surprising that we’re not seeing investors flee back into the yellow metal as negative market sentiment continues to grow. GLD, the most popular gold ETF, ended the day up less than 0.5% as it closed at $121.68. For this reason, we think $123 should cap any advances in the near-term.
Oil prices remained under pressure yesterday. USO, a popular oil ETF, closed below support of $34.00, but only by four cents. As long as the market remains weak, we should continue to see oil prices drop. We are expecting to see a re-test of support at $33.34.
Although the general market remains weak, we are still seeing positive gains in HSCO. The stock has rallied over 50% since our buy signal was triggered at $0.04 on Monday. On Wednesday, the stock closed above resistance at $0.075 with relatively strong volume so this is a good indication that we should see another move higher today. We could hit some strong selling pressure as the price moves towards $0.10.
GOIG managed a modest recovery from Tuesday’s significant sell-off. In intra-day activity, the stock tested support at $0.01 then investors jumped back into the market and drove the stock to close at $0.012. A positive open with strong volume could lead to a re-test of short-term resistance at $0.018.
The weak market sentiment is definitely having an impact on penny stocks – we are seeing volume drop in almost all the stocks we are watching.
The weak volume in AUMY continues to drag the price down. It is holding on to support at $0.11 but with only 23,000 shares traded, it won’t take much to cause another drop in this stock. Because of Wednesday’s positive close we remain optimistic – this company has a lot of positive prospects so when volume picks up, we should see a positive move. For now, we will just wait and watch.
AGCZ is in a similar situation. The stock has been caught in a tight range with support at $0.012 and resistance at $0.015. As long as the trading activity remains low, we would not expect the stock to break out of this range.
We continue to watch MOPN as it managed to hold on to some of its recent gains and ended Wednesday at $0.22. The Dow Jones has lost considerable ground in the last two weeks, but this stock remains caught in a range with support at $0.17 and resistance at $0.35. As optimism starts to build, this stock should begin to push higher.
CRBC is starting to attract some investors as it closed in negative territory on Wednesday. In intra-day trading, the stock dropped below support at $0.85 and hit a low of $0.80. However investors quickly jumped on the stock and pushed it higher. If this momentum continues into today’s open, we should be able to make some quick profits.
LEHMQ closed in positive territory on Wednesday but was unable to break resistance at $0.08. However a break of this area on strong volume is a good indication that prices will move higher in the near-term.
WAMUQ remains under pressure and we are expecting the stock to test support at $0.156. However the last time the stock dropped to this level it managed to rally to a high of $0.199. With so much pessimism in the marketplace, we are waiting for some increased buying pressure to signal another quick push higher.
We are adding two new stocks to the watch-list today. The first is BSOM – it had a positive day on Wednesday but could not break strong resistance at $0.09. The stock appears to be building some good momentum so if it is able to break $0.09, we should see some significant returns very quickly.
The second new stock is ESLR, but we don’t recommend rushing out and buying it yet. It has been under significant pressure lately, but Wednesday’s close just below $0.70 represents a test of a five-year support level. A break below this could ignite some buying momentum. For now, we are going to watch this stock and see how much selling pressure there is left in the marketplace.
Have a Great Trading Day!
Your Hyper Growth Stock Team
******************
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.
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.
All 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.
Fear over China’s weak economic growth caused a major sell-off in global equity markets and that selling pressure was carried through to North American markets. The Dow Jones Industrial Average dropped almost 300 points and tested major support at 9,816, the low created on June 7. A break below this level could trigger a drive down to the next major support level of 9,500. The market remains very fragile, so it wouldn’t take much to create another wave of panic selling and drive the Dow even lower.
The tech sector significantly underperformed the general market as QQQQ, the ETF of the NASDAQ composite lost almost 4% on Tuesday and closed at its lowest point in four and-a-half months. We expected QQQQ to break through support at $45.00 but the selling pressure during the day caused it to close below support at $43.50. The next major support level for QQQQ is $42.50.
Gold prices dropped sharply yesterday but investors were quick to pick up gold at what appeared to be bargain prices. GLD, the biggest gold ETF opened the day at its recent support level of $121 then selling pressure during the morning caused it to hit an intraday low of $119. But the buyers jumped back into the marketplace and drove the ETF to close in positive territory at $121.27. If pessimism remains strong, you should expect a re-test of resistance at $123.50.
Panic selling was also seen in the oil market as USO, a popular oil ETF, gapped significantly lower on Tuesday and is now testing support at $34.00. Although the summer season has a high demand for oil, if the market remains weak we should see lower oil prices. However oil prices should recover in the medium to long-term so we could be looking at great bargains.
Despite the strong selling pressure in the marketplace, we have a few stocks holding on to their gains. When trading activity picks up we should see these stocks continue to move higher.
HSCO is first on our list today because it broke through short-term resistance and we are expecting to see another push higher today. On Monday, the stock closed just below resistance at $0.05 and on Tuesday, it was able to add to its gains and closed at $0.065. Another positive open could lead to a break of the next resistance level at $0.075 and perhaps even a drive towards $0.10.
We were watching QASP yesterday morning to see if its price action would create a buy signal. However, the stock could not maintain its momentum and gapped lower at the open. The selling pressure caused QASP to drop below its support level of $0.01. . But we are not ruling this stock out just yet – a positive open on strong volume could signal an opportunity for a quick profit.
We didn’t get the follow through needed for IMGG as it remains relatively range-bound. The stock continued to lose ground on Tuesday but is holding support above $0.40. We have pointed out that IMGG will have to generate stronger volume if it is going to break resistance at $0.45 any time soon.
WAMUQ gave up most of its gains made in the last two sessions but that’s not surprising considering the fear we saw in the marketplace yesterday. The stock did manage to hold support at $0.17 so if optimism recovers a little bit, we should see investors take advantage of these discounted prices.
LEHMQ broke below support at $0.08 and as long as the market remains weak we should continue to see more losses. It’s interesting that the selling pressure is occurring on low volume – when activity picks up, these low prices could trigger a significant rally.
ABK is close to retesting support at $0.62. Because of the recent selling pressure we are just watching this stock and waiting for a buy signal, which would be a positive close with high trading volume. A break below $0.62 could lead to a test of support around $0.55 in the near-term.
GOIG made some quick profits in the morning and there were plenty of opportunities to get out near its high of $0.018 before it fell under heavy selling pressure. Our buy signal was triggered at $0.01 on Monday as it broke that level on very strong volume. Because the stock was unable to hold on to any of its gains on Tuesday we are not very optimistic for more gains in the near-term. We are expecting the stock to drop below $0.01 today.
AUMY is still suffering from weak trading activity, which caused another drop on Monday. Tuesday morning the stock managed to rally to a high of $0.248 before it was hit with a wave of selling pressure. AUMY dropped to a low of $0.085 but investors were able to take advantage of the bargain prices and drove the stock back to its support level of $0.15. If the stock can continue to hold this level, it should start to attract investors again.
Have a Great Trading Day!
Your Hyper Growth Stock Team
******************
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.
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.
All 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.
The Dow Jones Industrial Average ended Monday five points below its opening price. For the second straight session, the index has closed in neutral territory and we think this trend could continue for the medium-term. We have entered the summer trading season, which means traders are more focused on their vacations than the markets. In this low-activity environment, the Dow could move in a fairly wide range with support at 10,000 and 10,100 and resistance at 10,300.
The tech sector continues to under-perform the general market and is close to testing important support levels. The price action in QQQQ was relatively neutral as it closed down $0.35%, however the stock ended Monday at $45.11. The $45.00 level has provided very strong support in the last two months and a close below this price could lead to further losses in the near-term.
GLD, the biggest gold ETF, hit a new intraday high on Monday at $123.56 but was unable to hold those gains as investors quickly took their profits off the table. The selling pressure caused the ETF to close just above support at $121. We are expecting to see more selling pressure this morning. Because of the recent price action and the increase in market pessimism, we thought GLD had enough momentum to sustain its recent gains.
Oil prices are holding on to some of their recent gains, and the hurricane season is having little impact on prices. USO, a popular oil ETF, is holding support above $35.00 but we could see more selling pressure in the near-term. Hurricane season usually helps drive oil prices higher because off-shore rigs are shut down, which lowers production. But if rigs don’t shut down they continue to add supply to the marketplace and should outweigh demand in the near-term.
On Monday, AUMY opened below its recent support levels of $0.25, which created some selling pressure throughout the session. However volume was relatively low so we are not reading too much into the sell-off. With the stock trading under $0.25, it could attract investors in the near-term.
EGOC is back on our radar. We managed to eke out some gains in this stock in early June and have been watching the recent price action to look for another entry point. The stock has been under extreme pressure since June 22 and we think the sell-off could be overdone, providing us with an opportunity for quick profits. EGOC is holding strong support at $0.02 and a drop below that price in intraday trading on Monday created a very strong buying momentum. A positive open on high volume would be the signal that this stock will re-test the $0.04 area.
STHG managed to add to its gains from Friday and is close to re-testing recent highs. On Friday, the stock dropped to a low of $0.01, which created some strong buying pressure and that carried over to Monday as it closed at $0.018. We would like to see another rise in volume, which would be a strong indication that prices will break new ground in the near-term.
WAMUQ was also able to add to its gains on Monday and is close to testing a strong resistance point. If volume continues to improve, we would expect another rally to $0.21. In the short-term, $0.18 should act as support and attract investors.
LEHMQ continues to hold support at $0.08 but if volume does not rise, we don’t expect to see a major move higher. If the stock drops below this area, it could help create the spark needed to re-ignite its recent momentum.
IMGG remains on our radar as it tested resistance at $0.44. However, the stock is caught in a fairly broad range with major resistance at $0.46 and support at $0.40. We are waiting for strong volume to signal another move higher. A break of $0.46 on high volume would be a very bullish indicator.
On Friday after the close it was announced that AGT consolidated with other mining companies to form a new public company, Brigus Gold (AMEX: BRD). Along with the consolidation and name change, the company conducted a 1-for-4 reverse stock split. After gapping lower in the morning and opening at $1.20, it managed to rally to an intraday high of $1.30. We used this opportunity to close our trade.
AGCZ remains caught in its new range, with support at $0.014 and resistance at $0.016. The stock is still plagued with low volume so we are expecting it to remain in this tight trading channel for the short-term.
We are adding a new stock to the watch-list this morning, MOPN. This stock generated a lot of attention earlier this month and has managed to hold on to its recent gains. MOPN is close to testing resistance around $0.30. A break of this level with strong volume should create a strong push higher.
We have been watching GOIG for a few weeks now and the sell-off last week appeared overdone as it dropped below $0.01, and we were expecting to see a quick recovery in the near-term. We saw signs of a bottom on Friday as the stock closed in positive territory at $0.0082. Monday’s price action confirmed the reversal as it ended the day in positive territory at $0.012 on relatively strong volume. There is some initial resistance at $0.015 but if volume remains strong we are expecting to see a push back towards $0.025.
We saw similar price action in QASP. The stock sold off sharply on Thursday and Friday but found some support on Monday. It opened at $0.01 and managed to rally to a high of $0.012 before falling back slightly. Volume remains strong so a strong open this morning should signal a reversal and could lead to a re-test of its recent high of $0.025.
Have a Great Trading Day!
Your Hyper Growth Stock Team
******************
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.
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.
All 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.
The Dow Jones Industrial Average continued to shed points on Friday. The sell-off could have been worse but investors managed to hold the index to a neutral close. The Dow appears to be finding some support around 10,100 but in these market conditions, we think it is only a matter of time before we see another test of the psychologically important level of 10,000. According to some media reports, this latest sell-off is due to uncertainty over the impact of proposed banking regulations, which are moving through final stages.
The tech sector ended its fifth straight session in negative territory but there are some signs that the pressure is starting to ease. On Friday, QQQQ, the ETF of the NASDAQ Composite, dropped below support at $45.00 but investors used that as an opportunity to test the market waters. If $45.00 continues to hold as support, it should attract more investors back to the marketplace. But if pessimism doesn’t wane, we cannot rule out a drop back to recent lows around $43.00.
The uncertainty around the U.S. banking industry is helping to support gold prices. GLD, the biggest gold ETF gapped significantly higher on Friday and managed to hold on to most of those gains as it closed in neutral territory at $122.76. Friday’s price action is a good indication of how sensitive investors are. If this negative sentiment grows, GLDs price could break new ground.
Oil prices have managed to recover and are close to testing near-term resistance. USO, a popular oil ETF, held support at $34.00 on Wednesday and Thursday, which created some strong buying interest on Friday. The ETF closed at $35.66 so a break at $36.04 could create some strong buying pressure and drive prices towards resistance at $37.00.
AUMY continues to hold support at $0.25. Friday’s price action demonstrated the recent strength of our latest pick and if volume can pick up, we should see a move higher in the near-term. AUMY dropped to a low of $0.1959 but then investors used that opportunity to pick up the stock at discounted prices. That buying action pushed the stock back to $0.255.
Weak volume continues to hamper AGCZ as it trades at $0.016. If gold prices start to move higher, we should see another test of $0.02.
We are also watching our latest gold pick, AGT. The stock gapped higher on Friday, which created a strong selling point for some investors. It managed to hold support at $0.31 and if gold prices move to new highs, we should see a break of resistance at $0.34.
We are expecting to see more gains in our recent pick STHG. The stock dropped to a low of $0.01 on Friday but investors saw that as a bargain and quickly pushed the price higher. Volume remains strong and a positive open could lead to a drive past $0.024.
HSCO continues to eke out gains but volume is starting to drop so we are less confident in this trade. We are waiting to see if the stock can break resistance at $0.04, which would be a very bullish signal in the near-term.
Although the new financial regulations pose some risks in the near-term, we are still looking for opportunities for quick profits. CRBC broke through its near-term resistance at $0.92 on strong volume and closed at $0.96. This bullish activity should help to push stocks higher and we are expecting to see the price touch $1.00.
On Friday, WAMUQ managed to move back above $0.17, which has acted as a strong psychological area. The stock was able to close in positive territory at $0.177 on strong volume, which is a good indication that we should see prices continue to move higher. If volume continues to build, we should see it re-test its recent highs at $0.21.
LEHMQ is another stock we have been watching and waiting for the right buy signal. The stock continues to test support at $0.08 but if optimism returns to the marketplace, we should see prices start to move higher.
KNDR gapped higher on Friday which created some profit-taking, however the stock is holding support at $0.02. We think if volume continues to grow, we should see a break of resistance at $0.025.
Have a Great Trading Day!
Your Hyper Growth Stock Team
******************
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.
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.
All 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.
Concerns over banking regulations caused The Dow Jones to shed 145 points during Thursday’s session. The index started the day below its recent support level of 10,300 and this latest bearish development is a strong indication that the Dow will retest support at 10,000. The sell-off was accompanied with strong volume, which is why we expect the market to remain weak in the near-term.
The tech sector could not escape the wave of selling pressure as QQQQ, the ETF of the NASDAQ Composite, extended its losses for the fourth straight session. Similar to the Dow, the sell-off in QQQQ was associated with stronger volume, which is a sign that prices should continue to drop. The ETF is finding some short-term support at $45.30 but we think it’s only a matter of time before it breaks below $45.00.
The negative sentiment in the marketplace created some momentum in gold prices. Investors remain fearful so they are jumping into gold as a safe investment. GLD, the biggest gold ETF, rallied to a high of $122.16 before hitting some minor profit-taking. We have written that gains could be capped at $123 in the near-term, but if investor fear continues to grow, it will push prices higher.
Surprisingly, the sell-off in the Dow on Thursday did not translate to lower oil prices. USO, a popular oil ETF, managed to hold support at $34.00 and closed in neutral territory. Summer is the peak season for oil demand so that could help support prices but we are not very bullish in the near-term. A break below support at $34.00 could lead to a re-test of support at $32.80.
Our recent pick, AUMY started the day off strong but after hitting a high of $0.33, it ran into some selling pressure. However the stock found support at $0.25 and we think this price could attract new investors. This company’s mining project in Northern Ontario seems very promising and as it progresses, should help attract long-term investors. Any price below $0.30 should be considered a bargain in the medium-term.
Another recent pick, STHG was able to make gains of over 100% since we started covering it last week. The stock managed to hit a high of $0.024 before falling into negative territory. With the market in another downward spiral, it is important to take profits early and preserve your capital.
We saw a massive drop in volume in AGCZ, which is a little disappointing. The stock was showing some signs of moving higher but it will be difficult to maintain any momentum if volume remains weak. In this current environment, we are expecting the stock to remain range-bound.
KNDR broke though its recent support price of $0.02 and with these current market conditions, it could break below $0.01 in the near-term. We will continue to watch this stock but we are not prepared to have a position yet.
ACTC gapped higher on Thursday but was unable to break through resistance at its opening price of $0.095. It closed at its support level at $0.09 and as we pointed out earlier, this stock appears to be starting a new downtrend.
We added HSCO to our watch-list yesterday and so far, it is managing to hold on to its recent gains. The stock ended Thursday at its opening price of $0.033. If volume moves higher, we should see the stock’s price move up. There is some resistance at $0.04 and $0.05.
IMGG managed shake off some selling pressure on Thursday and closed at its opening price of $0.44. The gains were made on relatively low volume. We would like to see trading activity increase, which would be a bullish indication for the stock.
Although the financial sector led the Dow in its sell-off on Thursday, some stocks we are watching did not have a major impact. This could be a sign that the weakness in these stocks could be overdone.
ABK is holding support at $0.75, and if the market regains some confidence it could move higher in the near-term. There is some modest resistance at $0.80 and a break above that level could lead to another push to $1.00.
CRBC is also trading in its range with resistance at $0.92 and support at $0.87. If this stock is going to break out of this range, it will have to generate more volume.
LEHMQ was not able to maintain its momentum on Thursday – it continues to hold support at $0.08. However we think it is only a matter of time before this stock drops further, especially if volume continues to weaken.
Have a Great Trading Day!
Your Hyper Growth Stock Team
******************
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
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Wednesday was a volatile day in the marketplace as the Dow Jones Industrial Average swung in a fairly wide range. A drop towards 10,200 created a buying signal for investors and they managed to push the index to close in neutral territory. The recent price action shows that there is very little direction in the marketplace so we are expecting this market to establish a fairly wide trading range in the near-term, with support at 10,200 and resistance at 10,500.
QQQQ, the ETF of the NASDAQ Composite ended Wednesday in the red for its third straight negative close. The ETF managed to attract some buyers eight cents above its 20-day moving average at $45.61. We remain bearish on the market in the near-term and we think it is only a matter of time before QQQQ tests support at $45.50.
Gold prices remain under pressure as investors continue to take some of their profits off the table. As we have pointed out, this selling pressure is not a surprise considering the major gains we have seen this month. GLD, the biggest gold ETF is hitting some short-term resistance at $121 but even if the price moves above this level, we think any gains would be capped at $123. We see support at $119 and a break below that level could lead to a test of $117. To sound a little like a broken record; any significant drop should be considered a great buy opportunity.
As we pointed out in yesterday’s report, weak investor sentiment continues to impact oil prices. USO, a popular oil ETF opened below support at $35 on Wednesday and fell to a low of $33.94 before any buyers stepped into the marketplace. We continue to watch USO and wait for a buying signal before we jump back into this trade.
STHG continues its upward rally and we are seeing some decent gains. The stock closed near its high on Wednesday and the strong volume it is generating is a good indication that prices should run higher in the near-term. We were alerted to this trade on Tuesday when the stock broke above $0.01 on strong volume.
KNDR continues to be plagued with low volume but the price is holding support at $0.02. This stock remains on our watch-list because when volume improves, we should see a strong rise in the price.
FDMF found strong resistance at $0.018 on Wednesday and the selling pressure throughout the day caused the stock to break below support at $0.012. However the sell-off was over-done and investors were able to push the stock higher. Volume will have to pick up if this stock is going to hold gains above $0.018.
We are putting LEHMQ back on our watch-list and hopefully we will see some quick profits. The stock has been in a downtrend and on Wednesday, it broke through support at $0.08 and closed at $0.079. The last time the stock hit this level, we saw it rally a few weeks later to a high of $0.105. Strong buying pressure in the morning could signal another push higher.
WAMUQ broke below its recent support level at $0.17 and we don’t believe the sell-off is finished yet. The financial sector remains under pressure as investors remain cautious about the latest crisis in Europe. Both WAMUQ and LEHMQ could benefit if investor optimism starts to improve in the near-term.
HSCO is back on our radar and this is a stock we have made good profits with in the past. The stock gapped higher Wednesday morning, which created some profit-taking. However, HSCO is finding good support at $0.025 so if volume remains strong, we might be able make some quick profits again.
IMGG is starting to attract investors and managed to break above resistance at $0.43 in intra-day trading. Although the stock could not hold on to its gains, volume is a good indication that prices should move higher in the near-term. If volume remains strong, we would expect this price to eventually test resistance at $0.50.
Yesterday we wrote that there was a balance between the supply and demand picture in ACTC and we received our answer: it appears to be entering a new downtrend. ACTC sold off fairly sharply during the session and we are expecting to see more selling action today.
POSC spent another day in negative territory on Wednesday, but it’s finding good support at $0.10 and this could trigger another rally in the near-term. We saw a similar move on June 11 when the stock opened at $0.09 and closed at $0.12. Before jumping in, watch the price action; you want to see the price move higher on strong buying.
Have a Great Trading Day!
Your Hyper Growth Stock Team
******************
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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.
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.
All 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.
