I made +$3,962.27 in the chat room Monday. Starting to feel a pretty consistent rhythm with my trading right now.
[Ed. Note: Jason Bond runs JasonBondPicks.com and is a swing trader of small-cap stocks. In 2015 he earned a 180% return on his money. Then in 2016 he turned a $100,000 account into $430,000! Discover How He Did It]
FB dragged all markets down Monday but the IWM did find buyers in the afternoon. I think we’ll see a solid buying opportunity today or tomorrow. One thing to keep in mind is there’s an FOMC announcement tomorrow. When the IWM breaks $160 we should see big money flow into the market and I suspect that’ll happen soon.
Here’s what I’m watching Tuesday.
CRON – Pot stock up Monday against the grain on news. Think it goes to $10 in this continuation pattern. Little less volatile than I like but a perfect candle over candle pattern for anyone working on recognizing these continuation patterns.
DXR – Holding strong above $12. Fibonacci retracement play from the lessons. I did well on this one last week and see no reason not to try it again so long as it’s holding this $12 range.
HTGM – Breakout chart pattern in the middle $5’s. This is the 3rd time the price action has pushed these levels and you know what that means, triple tops never are! Thinking it could carry a move to the middle $6’s.
AMTX – Went supernova Friday but Monday’s market headwind didn’t shares gap higher. Now a Fibonacci retracement play I’m watching $2 support for entry and a move to the upper $2’s.
ZN – Bull flag continuation pattern up big lately on an oil find. I’d be careful of an offering into the next big move so no overnight holds for me here but think this could go to $7 on a positive update from the company on that find.
