Hello everybody. We are starting a new trading month which happens to be the month of May. Some say to take your money away but we will still be looking for winning Launch opportunities to make profit. The market, particularly the $SPY is flirting with all time highs after being on the brink of a correction just a week ago. Based on the overall market volume one has to be cautious as the days when the $SPY went up, the volume was below average as compared to the last week's down days. This could indicate that institutions are offloading shares and the market may well be correcting soon.
In any case, earning season has been getting the attention of traders and we have seen several stocks either gaping up or down based on their earnings. It was clear that most of the action was on the medium to large cap stocks. The small cap stocks had fewer action and there seems to be a short attack anytime a small cap stock attempts a rally. Also, the sub dollar stocks are seeing more action and several tickers have made large moves.
We don't trade sub dollar stocks here but there are some possibly good opportunities if you do some research and follow some strict risk management rules.
Based on the action last week, our scanners picked up several Launch candidates which are shown below. It may very challenging managing all these alerts especially that we still have 9 stocks from prior Launch lists waiting for Launch in addition to the 17 stocks on watch for 5/1.
Here is the Launch list for 5/1/2017 $CZR $ELGX $NADL $RMTI $AGRX $CDXC $APPS $BLDP $PN $PXLW $HYGS $GENE $CO $TBBK $CEMP $ADVM $AEZS
Setup price alerts when these launch as have your orders pre filled to Launch. Have a great profitable week ahead.
