December 24th – Let’s Talk Stocks
Today we only have a half day of trading in the U.S. ( Markets close at 1 p.m. Eastern Time).
There are seriously SO MANY TRADES setting up and taking off bullishly in an exceptional way and in sector after sector. With that in mind, I just want to briefly mention Gold & The Miners since I covered that sector in depth yesterday and then list a series of ‘Stock Picks’ in this report. Most of these are not just day trades, but they can be treated that way since some do pop up 20-30% in a day. I am viewing these trade set ups as swing trades, and I expect their rally to continue into next week. Let’s go to the charts!…
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GOLD – DEC 21 I said that we could see GOLD drop to the blue line. I would look for a reversal there.
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GOLD DEC 23 – Gold landed at the blue line and did reverse. I’d like to see Gold continue higher from here, that may indicate that the pull back is ending. THAT SAID, Miners dipped and that would have been viewed as a buying opportunity if they remain above support & reversed too.
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WITH A SHORTENED DAY OF TRADING TODAY, LET’s DISCUSS SOME RECENT STOCK PICKS IN RECENT REPORTS AND AT THE SAME TIME, WE’LL TAKE A LOOK AT NEWER ONES. THESE SET UPS ARE BULLISH AND FOLLOW THROUGH IS OFTEN TAKING PLACE IMMEDIATELY OR IN A DAY OR 2.
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For a few months we have been making Big %-Gains in SPAQ / ACQUISITION / Merger Companies, EV, Clean Energy, Lithium Stocks, etc etc. Let’s start there.
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IPOC: was listed as a buy on Dec 14th, it is one of those Merger / Acquisition companies.
DEC 21 : IPOC dropped quickly and then exploded higher (this was Dec 21 at $13.42). It hit $15 yesterday. These set ups have been leading to very strong gains, but they are also Very Hard to buy & Hold, because the down days can be down 10% or more in a day, so I sell portions on the way higher. So…
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FIII ( F i i i ) – Yesterday this was mentioned as a set up that I bought, and it is the same Bullish set up and sector as past SPAQ / ACQUISITION Stocks that exploded higher. It is similar to the sector that IPOC is in.
FIII ( F i i i ) – It took off yesterday too, so this builds confidence that the set ups are still working correctly. I did not sell any yet, I want to try to ride this out for bit as a swing trade, since these can put 10, 20, even 30% on in a day.
CBAT was posted recently and as you can see, yesterday it Popped & Dropped to gap fill yesterdays gap open. IS THAT IT FOR UPSIDE POTENTIAL? I don’t think so and I still own it…
CBAT – This sector is on fire and I still see CBAT as eventually completing a cup here, even if it drops further to the 10sma. It can run to November highs and even break out and run even higher too. These are BIG %-Gainers.
WE TRADED FSR WHEN IT WAS UNDER THE TICKER SPAQ from $12 to $18 ish . It then sold off as a merger took place.
After the merger it recently ran from $9 to $23 and is now bullishly aligned again after landing on the 50 sma. THIS CAN RUN TO NEW HIGHS & BEYOND, because it has a cult following much like TSLA and NIO does. It is FISKER. Many of us here rode NIO as a buy and hold and double & tripled our money.
GP , FSR, WKHS, and RIDE are Bullish set ups in that same EV sector. They all look very good and can be considered a BUY, however please know that they can pop 20% in a day, and drop 10% the next. This is very hard to ride if you are not ready for it, so these may nor be for everyone. That said, I think these can all break to new highs, similar to what we saw when trading BLNK. These are Buy Set ups. Let me show you something…
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Let me show you BLNK: Many of you bought this with me under $10 , but unfortunately I sold all of mine on the first leg up. BLNK ran from $9 to $46+ so far! Let me also mention this…
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Let me also mention this: You can see that after I sold it peaked at $35 and dropped to $20. THAT IS A LOT and VERY HARD TO RIDE. So I am fine with my trade near 100% gains, but obviously this sector is on fire and BLNK is a rocket ship! ( P.S. It is too extended to buy here as low risk entry).
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In Yesterdays report I mentioned keeping an eye on our watch lists of other clean power trade set ups starting to perk up. So we would keep an eye on those PPSI, SOLO, IPWR, POLA, LAC, OPTT, OEG, WWR, CBAT, etc. Well, they all began to Pop too, an that can build confidence in the sector.
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IPWR popped 22% for example. It was a buy at the 34 sma reversal.
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We already bought OPTT DEC 14 – We traded this in the past and sold the big pops. Then I put it back in the report as it dipped and reversed at the 50sma again. It is clean power and that sector has done well.
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OPTT ran higher yesterday by 10% or so, but then sold off to RED. It did eventually claw its way back to Green, leaving us with an indecision candle known as a DOJI. What next?
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Well, it might just take off higher and that was your chance to add or buy a position, OR it could drop as shown as an opportunity to buy. I don’t think there is anything ‘wrong’ with it and I still own it. I’d use a stop at support just in case though, but this sector is on fire and this can run to new highs and more.
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LIACF – We traded Energy, Lithium, EV, etc in November and I posted this as a BUY near 90 cents. LIACF actually did rally higher, but…
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LIACF then meandered along and consolidated further. I hate that it is a buy again, especially if someone got stopped out under 90 cents, but you can only trade what the markets offer you. This is actually a Buy again, volume Popped yesterday, and Lithium for batteries is a hot sector. This can still easily run up 100% if it finally gets going.
LTBR was also another Buy ( Nuclear Fuels) that and I highly recommended on November 19, but it didn’t really ‘TAKE OFF’ as much as I expected yet, but it did POP. Lets take a look.
It was a buy near $3.00 as it pushed on the 50sma & downtrend.
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LTBR popped to $4 and that’s a great trade, but then went back and back tested that 50sma. Now I see that the 50sma did hold as support and has formed a bull Flag or Triangle consolidation. This actually looks ready to go again. THIS IS A BUY, especially if it breaks out higher. mybe This time it will just break out & run much higher.
DVAX & NVAX are Bullish set ups, and I already recommended both of these a few weeks ago. This was my chart for DVAX as it broke out on NOV 27. It was a solid bullish base. Then…
DVAX was pointed out as running from that ‘pop’ up to $6, but then the back test took place here too. I showed it as a rounding base, and these often climb higher, but may be more choppy and gradual. It was a buy again here at $4.88 as it reversed. Where is DVAX Now?
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DVAX ( & NVAX) have consolidated nicely and some here actually still own it. Now it is a Buy again, the potential is great and the biotech Sector has had some big movers lately too.
GHSI was pointed out as a buy this week when JAGX and ONTX ran. GHSI broke out at the 50sma & back tested, it looks ready to go. JAGX then shot up over 200% yesterday and ONTX was up about 100% at one point too. I just wanted to note here that Biotechs are doing well and …
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GHSI was up 50% yesterday too. These set ups are popping.
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NOVN was a buy in my Dec 4 report, as I mentioned that these Biotechs are basing out and acting bullishly.
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NOVN has moved from 56 cents to 70 cents now and can definitely continue higher. Again, this sector is bullish an these bases and consolidations are eventually playing out well.
CRBP is one that I have owned for a little while and finally want to mention it , since the sector is heating up. I like that it is climbing the 20sma with bullish volume pops. I want to say that these Biotech stocks are also risky ( A failed FDA trial can send on down big time for example), but I have a position in CRBP because
1. I like the climb along the 20sma and
2. I see strong Volume Pops that often are followed by a strong price run. In addition to this bullish set up…
CRBP has a massive open Gap and is also listed as having 48% of the float shorted. WHAT?? Yes, it is listed as having a 48% short set up, so if this ever gaps up in premarket? I think that a short covering rally could be HUGE. Similar to JAGX. I have just been sitting on this one for a while with a position completely made up from some of my Gains in EV stocks. I hate to call it ‘a lottery ticket play’, because it is more of ‘a calculated risk play‘, and I’m waiting for Time to hopefully release an upside run. It has climbed hat 20sma with bullish volume, it has a high short position. Period.
MJ STOCKS were highlighted as bottoming in past reports for October & November, and they have SURGED since that report. We also have seen some pulling back and consolidations. That pullback is often a 1 & 2 of a 1-2-3-4-5 move, and in the medical marijuana Sector, that next run can be exceptional. Lets take a look…
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VFF was listed a s a BUY in my Oct 21 report with this Bullish pinch set up near $5 to $5.30. I also listed several others at that time, like OGI, TLRY, CGC, HEXO, IGC, etc – keep these on a watch list.
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VFF took off from that weekly Pinch after a strong earnings release and doubled in November alone. Congrats to those that bought & held on for the ride!! It then consolidated and yesterday it took off upside by almost 20%. This sector may be ready for round 2!
ACB reversed at support yesterday and was up 4%, but you do see the potential right? This one has always been a rough ride, but the gains can be exceptional. please read the chart.
IGC had a quick run and then consolidated too.
OGI has been stuck under the 200sma, once it gets above that I think it can run freely.
TLRY is very choppy and tough to ride too, but as you can see, if you buy at or near support, it does gave a series of higher lows.
So the MJ SECTOR may be finishing up the recent consolidation after the OCT-November strong run. Check your watch lists and charts, most are near support and can be considered as ‘Buy set ups’.
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As a side note: VISL is one that I have traded a few times and we caught that MASSIVE explosion higher in June by buying that base in May. I think now it may gradually start a climb higher this time. It is popping too.
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There are obviously SO MANY trade set ups setting up right now that I cannot cover all of them. That is why I recommend keeping a watch list of stocks that I mention in each sector and review them when the sectors heat up again. Right now almost all sectors have been on fire, enjoy your Thursday trading!
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