The market had a massive panic into the close yesterday. It’s uptrending premarket again but it might not last. Big wick on the daily from yesterday and it made a new low. This could be a flag or it’s rolling over again.
Tim’s watchlist isn’t that great for today and it’s mostly biotechs. I’ll probably just sit tight again if the overall market continues to be unpredictable.
LTC is back under $200. If it gets back to $110 I may buy some.
Perfect breakout over $9.78. Support at $10.35 and $10.00.
- Fate Therapeutics Announces First Subject Treated with FATE-NK100 in DIMENSION Study for Advanced Solid Tumors
Another breakout stock over $6.24. This one is a little illiquid. No fresh news. Support at $6.95, $6.80, and $6.60.
On watch again in case it rejects $5.04 or gets low enough for a possible dip buy.
Breakout over $24.69. Long term chart isn’t too bad. The price isn’t my favorite though. I probably won’t buy the initial breakout and just see if it pulls back / finds support. Appears to be 5c tick.
Nothing really that great. Everything on my list was choppy except $SGMO and that one moved in 20c increments. $POTN had news and it spiked out of the gate but each panic was choppy so I couldn’t dip buy it.
$SGMO ran almost immediately which I obviously did not want to chase. I was thinking maybe if it pulled back to ~$25.25 I could get in or maybe once it got back over $26.00 (also VWAP at the time). Both would have worked out but it was way too hard to catch those moves due to the way it trades.
I almost took a reversal trade on $IMGN. I find it fascinating that I manage to avoid every trade that would have worked and trade the ones that don’t.
I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.