Daily Launch Watch Lists

Tomorrow is the last full trading day of the week and the expectation is that trading will be slow and choppy.  The market is challenging all time highs in the midst of a pending holiday so anything is possible.  Several of the stocks that showed on our scanners are related to the oil and gas industry.  If the prices of oil go up tomorrow, the expectation is that these would launch tomorrow.  If not, it's best to stay on the sidelines and get ready for Thanksgiving.  

We wish you all a great holiday and happy profit making.

The short week is coming close to an end.  We have a few picks for tomorrow's Launch list that may Launch in the next sessions.  Momentum in the market is still there, but the volume may start to slow down and folks are getting ready for the thanksgiving holiday. 

Looking forward to the next week.  It will be a short and maybe slow week since Thursday the markets will be closed and Friday will be only a half trading day.  However, the market usually tries to make a nice push upwards before black Friday.  Lots of folks want to make some cash to get ready for the biggest shopping day of the year.  So keep focused and let's try to make some profits.

It has been an insane three days with the rise and fall of the shipping companies $DRYS, $GLBS, $SINO, $ESEA  and many more.  We focused much of our attention or extracting profit and were successful in a couple of these namely $SINO and $GLBS and $TOPS.

Now back to the less crazy and less volatile stocks.  Our picks for the next sessions are slightly volatile, but the key is always to know your abort price and to respect it in the event you take the trade.

I hope you are all enjoying this weekend.  Last week was amazing, the market is showing good signs that it wants to move higher over the next few sessions.  It was clear from our scanners that so many stocks are showing signs of recovery.  There were multiple stocks that made it through our scanners and several of those were selected for our Launch List tomorrow.  

Still be careful as the volume is still on the shy side. Although the market may be heading higher in the next few sessions, volume is still low. 

What a wild two days.  Yesterday there were so many stocks to choose from it was not like any day this year.  We locked in profit yesterday on many of our prior days Launch list.  We expect tomorrow will be starting strong then maybe some profit taking near the session's end.  Tomorrow is also Veterans Day in the US.  So things might be overall a little bit slow. 

Here are our picks for the launch list tomorrow. $CCXI, $FLDM and $ATRS.  Happy and profitable trading.

As we predicted, the market had a nice rebound this morning that continued throughout the day.  Most of our stocks on the Launch List have launched.  We managed to collect profits in some of them, while the others are still in flight.  Not needing to state the obvious, but tomorrow is election day in the US. Most likely we will see a morning pop that will fizzle in two to three hours.  We expect the market to move sideways or a little bit lower towards the end of the session.  Our advice is to stay in cash by the end of the day so close all your positions. 

It's been almost a week since our last published Launch List and the reason is quite simple.  The market was showing signs of weakness as the S&P 500 index has moved from a prior sideways pattern to correction territory.  This simply means that the index has moved into a new lower level that it hasn't been in since July.  

Launch List for 10/31/2016 is here but we are reluctant to take on any positions even if they trigger. Our picks to watch are: $AEHR $VNRA.

Nothing has hit our scanners yesterday so no Launch Watch List was published.   The market is showing signs of weakness as the $SPY is challenging its last confirmed support at around 212.87 level.  We do have a few stocks to watch for tomorrow but be careful and monitor the market conditions as well.  As you may know, a successful launch doesn't occur unless all conditions are met including a healthy positive market with upward momentum.