I've had success buying <$10 stocks in the past, like $APPS & $ENPH in 2019 and $CELH & $PLUG in 2020.
If you're willing to take a chance on stocks under $10, here are some that look interesting to me (technically) for one reason or another.
(I'm long $SENS & $BITF)
Something for you all to study over the long weekend.
Is it my imagination, or are a ton of Semiconductor stocks setting up for possible big moves? Take a look at these charts.
Some stats today...
Of the 500 stocks that I track...
* 241 of them (!!) advanced at least 5%
* But only 75 of those advanced on at least AVERAGE volume (i.e. 1X)
* And only 23 of THOSE advanced on at least 1.5X Average Volume
So pay attention to volume in your holdings.
Nasdaq analysis... perhaps a bottom with the divergences, but it just doesn't "feel" like one. We'll see. I'm gonna look for stocks whose RS Line is making new 6-month highs... will post later.
$ROKU is very quietly consolidating... three inside days formation in increasingly lightening volume.
In fact today's volume was the lowest since Nov23,2018, and that day was a half-day Friday after Thanksgiving.
Now that's quiet! 🤫
Get ready for an explosion.
Tomorrow may finally be the day for $PLTR.
Got hit with a downgrade yesterday, but right now, in after-hours, it is already up 6.7% to $26.59, bringing it very close to breaking above this looooonnnggg triangle.
Looking through weekly charts, here are the ones with HUGE volume bursts, either the last 2 weeks (like $U) or over the last couple months. Volume's exploded and kept consistently high. These are the big accumulations to watch.
(1 of 2...)
#DragonHead
stocks! Will these bottom and form right-hand sides of cups for eventual CWH breakouts in the fall?
$BEAM $BILI $BLNK $CLPT $DMTK $FUTU $GRWG $KOPN $MARA $MGNI $NNDM $OIIM $RIOT $SI $SONO $SUNW $TSLA $VUZI
Since February 1st, the S&P500 dropped 4.3%.
Here are stocks with high Relative Strength that ADVANCED at least 7.5% during the same period.
The list ONLY includes stocks that IPO'd in the 21st century.
You may find some hidden gems in here.
So on a BIIIIG down day like today, I was curious...
What stocks had an OPENING price in the lower 5th of their candle but CLOSED in the upper half of their candle (and the Open-->Close was at least a 2% move)?
Here they are arranged by Sector/Category/Industry:
$PLTR is taking its time after breaking above that long downward channel. It's a steep channel, so coming down to re-test it a couple of times is not surprising.
Today should be the last time, right?
Ssssssshhhh. 🤫
$PTON is sleeping.
Look how INCREDIBLY quiet the volume has been over the last 6 weeks as it has moved sideways. Earnings tomorrow after the bell will be the big alarm clock that wakes this guy up.
These stocks now trade at an average volume that is MUCH HIGHER than it was back in November (or, in some cases as recently as Jan/Feb). In other words, they've had a change in character, with WAY more interest in them than before. These may be ones to watch.
Good sized drop in $PLTR today after earnings this morning.
ARK bought 1.56M shares today.
Now, does it suspiciously look like the A-B-C forming Wave TWO is going to be around $25 where all those other lines are converging?
$TSLA has been preparing its launching pad for a couple months. Look at the whisper-quiet volume and the declining (and very low!) ADX Line indicating that no one is selling and they are satisfied with the price. Any nudge upward should be explosive.
$PTON had the lowest volume today since 26Aug (not counting the 27Nov half-day after Thanksgiving), and, uh, look what happened on 27Aug. 🤣
Love the super-quiet volume lately... looks like its brewing and ready to move after the ridiculous we-have-a-vaccine drop on 09Nov.
$SHOP has been quietly consolidating (especially last few weeks) since its September high. ARK Investments has been buying it since November. Watch for a breakout above $1100.
This 2021 market is screwy. Look at the 3-year chart below.
Nasdaq performance on top.
Nas stocks above their 200-Day in middle.
Nas stocks hitting new lows on bottom.
That's a weird unsettling divergence over the last 8 months.
For study this weekend!
Stocks where...
* Thursday's Low > Tuesday's Low
* Friday's Low > Tuesday's Low
* Stock closed Friday in upper half of bar
* Current Price is >= 5% below 50EMA
Because I'm checking the 50EMA, stocks that IPO'd within last 50 days don't appear.
We all love a stock named $FUTU.
In one year just look what it grew to!
Yesterday I was pumped!
Today it just dumped.
The market just screws me and you too.
Watchlist of IPOs from 2017-2022 that are around or above their 200EMAs. I eliminated any stocks categorized as Biotechnology (but left in Pharma), Oil&Gas, Finance, Industrials, and Real Estate.
Your big life-changing leaders in a bull market are most likely in this list.
Has everyone given up or forgotten about $UPST? It's been putting everyone to sleep trading in that flat base box for 6 weeks. Little up-volume clues here and there since late June. Today was encouraging, moving above last week's inside-week activity. Power-of-3 potential.
Gene-Editing Dragons on the loose!
$BEAM $CRSP $EDIT $NTLA $SGMO
All these 5 CRISPR stocks have pulled back and touched their 50-day avgs (almost with $BEAM) and have formed that dragon-head look. I've had $CRSP since early Nov but others have been much stronger. Hmmm...
ARKK Changes from Oct30 to Nov30:
$U, $NTDOY, $VCYT, $TWST moving up the ranks.
Brand new purchases $SHOP, $PYPL, $BEKE.
In addition, they completely liquidated their holdings in $ILMN, $FB, and $ZS (oops?) 🤣
(Other ARK ETFs continued in thread...)
Besides $GME, what other heavily shorted stocks made a big move today?
Used screener to find:
* AvgVol >= 200K
* %Move >=10%
* %Float Short > 30%
Sorted by descending Short Ratio
I'm not going to get sucked (again) into $PLTR. I don't need to be a hero and buy near its lows so I can go back and point to it saying, "See? I got it here!" Who really cares? No one.
It's really going for the long slow burn. Once everybody gives up watching it, it'll soar. 🤣
I like the fact that $TDOC is starting to form a dragon-head bullish pennant here. ARK has bought constantly over last several months and they added yesterday and today.
12% of float held short, which calculates to a 4.5-day short ratio.
All the Semiconductor ETFs, like $SMH, $SOXX, $XSD, etc, look like they're coiling for another move, continuing the huge May25 spike led by $NVDA.
65min charts of Chip stocks below all have a look that suggests they want to continue upward.
Lots of
#DragonHead
here.
I don't know what kind of catalyst will make $AAPL move, but, like $TSLA (before its move), the volume is getting really whisper-quiet... Tue/Wed were the lowest-volume days since Dec2019, and today looks like it will also be just as low. Keep an eye open.
Keep your eye on $NTLA, the strongest of the gene-editing stocks. $CRSP $EDIT and $BEAM are still far below their highs, but not $NTLA. Note the rising RS Line (relative to S&P500) which is near new highs itself.
$DMTK announced earnings the night before the market really tanked... has recovered since then and appears to be making a valiant attempt at getting us excited over the weekend.
Here are some interesting-looking charts, under $20, that trade at least 2% of their float every day on average.
$AUTO $BEEM $BLNK $DOYU $GPRO $JMIA $KNDI $LAZY $PRTS $RIOT $SOHU $SURF
Stocks I watch that have NOT closed below their 200EMA in the last 3 months (since December 1st).
I focused only on Tech, Health, and Consumer stocks that IPO'd in the 21st Century.
(Note that IPOs less than 200 days old would not be in this list since they have no 200EMA).
Since leaders like $ZM and $PTON and others seem to be withering away, perhaps it's time to look at stocks that are coming to life.
$VERI has had increased volume the last 3 days after its earnings report, starting a move up. RS Line trending up since mid-Sep.
BTW, there were 133 stocks in my database that went DOWN more than 4% but on LESS THAN 70% of average volume.
So, a lot of down, but not much dumping.
For example, $FUBO was down over 5%, but the day's volume was the lowest since mid-Dec.
Stocks I watch up at least 4% on >=1.5xAvgVol for the day:
$UPST: 13.5xAV; +89.3%
$VUZI: 2.3xAV; +8.5%
$FINV: 2.1xAV; +6.9%
$SLGG: 2.1xAV; +7.5%
$SIBN: 2.1xAV; +4.3%
$FSLY is at the bottom of this big channel and could start a powerful wave 3 upward. This is similar to $PTON (which had a MUCH more orderly chart)... the Wave 1 since early Nov crept up close to the channel bottom, came back to touch and then went for a much steeper rise.
Hmmm... the % of Nasdaq stocks trading above their 50-Day Moving Average is falling back towards the low it hit on May 13th. Looks eerily similar to the Sep/Nov action late last year before we really took off. But I'm not making any huge bets that this will be the same.
I looked for stocks in the last 3 weeks or so that gapped up on more than double their usual volume. Most of the gap-ups were on earnings, but a few were on other news.
The thought is to look at these and see how they are faring and whether they provide an entry.
(1 of 3)
While we're all waiting for $NET to make up its mind as to whether it wants to move upward, take a look at $FSLY which hardly anyone talks about anymore. Is this a relatively "safe" entry toward the bottom of the channel (where it bounced off the 200EMA twice)?
$DDOG hass been down 4 days in a row, but on VERY light volume. The low of today was almost an exact 61.8% pullback of the advance from 05Jan to 11Jan.
WOW! And to think that $TME looked like the most promising stock in the universe just a few short days ago... Nice breakout, RS Line new high, Volume.
But now... Kaboom!
Stocks I watch whose RS Line (relative to $SPX S&P500) reached a new 6-month high any time since the 1st of September.
Note that any IPOs less than 6 months old will not be in this list.
I really like the constructive quiet-volume sideways movement today in both $TSLA and $NIO. Both look like they are coiling and poised to spring higher from here on Monday.
I'm long in both of them.
2.5 weeks ago, on 06/24, $WORK was the
#24
holding in ARK's ARKK fund (2.1MM shares; 1.5% of its portfolio)
By 07/08, it was
#17
On 07/09, it was
#14
Today, they bought another 1.3MM shares, and it is now their
#11
holding (5.28MM shares; 3.1% of the portfolio)
Wow. 😲
When I first discovered $KIRK moving like a rocket, I thought it referred to Costco's Kirkland brand. But it's actually a home decor and furniture retailer based in Tennessee.
Amazing run since the March bottom, but it looks like it's only getting started. Earnings 12/3 BMO.
Some important stats...
* I track 491 stocks.
* A whopping 372 of them (76%) of them went up at least 4% today.
* But 224 of those 372 moved on BELOW AVERAGE volume (i.e. <1.0x).
* Only 39 of the 372 went up on 1.5x average volume (see tweet below).
Since this is a 3-day weekend and the markets don't reopen until Tuesday, here's a fresh list.
Stocks (no Biotech/Pharm) that have more than doubled since their 200-day low. Only stocks that IPOd in 21st century (sorry $NVDA).
With all of us kvetching about $FSLY, it looks like
@ARKInvest
took advantage today and made their first purchase of it for their ARKW fund.
They forked over $28,000,000 today for it.
Note that they also made an initial buy of $PLTR.
Power of 3 Stocks: Stocks where 10/20/50EMA are coalescing and starting a move.
The 10EMA>20EMA and the 10EMA just crossed above the 50EMA today.
As the stock advances, and the 10EMA>20EMA>50EMA move up, they can provide support along the way.
$SUNW $MGNI $GRWG $QRVO $MSTR
The market has just been too weird for me and I feel quite pummeled. I sold a bunch on 30Oct, but then last week started piling in again, but yesterday and today got to me. So I cashed out completely. It just doesn't "smell" right to me anymore. Taking a step back for now.
Stocks sold in Nov with highest gains:
$PTON +251.6%
$ZM +218.9%
$CELH +208.7%
$TSLA +180.9%
$PINS +146.0%
$TWST +124.1%
$ROKU +91.6%
$NIO +86.4%
$RIOT +75.7%
$SNAP +67.1%
I sold EVERYTHING 10Nov because things didn't feel right. But started buying again on 11Nov. 🤣
(Cont'd)
I have made umpteen attempts to buy $FLGT but I would get stopped out every single time. But this time it looks REALLY promising (famous last words?). I know this is a favorite of
@PatternProfits
. How can you ignore that volume since 09Nov? Wish me luck (haven't bought yet).
$PLTR frustrates a lot of people.
So many loved it during the month of November and then started hating it on Tuesday when it reversed after hitting a 2-year high.
But...
This $19 area that it touched today is...
* 20EMA location
* Location of CWH downtrend line I drew
*
Chinese stocks surged (again) at the beginning of the year... now the volume on several of them has gotten... sssshhh🤫... really whisper-quiet... over the last few (or several) days.
Could be brewing for another surge?
Yowza... best day ever, thanks to advances in $MARA $BTBT $MVIS $SAVA... as well as honorable mentions $TWST $FUTU $VFF $FCEL $PLL $REGI $KBNT $OTRK!
Climbing the proverbial wall of worry now... things just seem "too easy"... Melt up in full force?
The percentage of Nasdaq stocks trading above their 200-Day average hit a value today (37.24%) that is the highest since Nov17,2021.
NewHighs-NewLows (97) also hit highest since Nov09,2021.
And NumNewLows (only 30) is lowest since July 2021.
$HIMX is forming a little flag over the last few days with volume and price shrinking with each passing day. Watch for a move above that downtrend line.
$CRSP has that Japan look and has formed the island of Hokkaido over the last couple of weeks. Time to now form the Kuril islands on the way up to Kamchatka?
State of the Nasdaq. Highs have been outnumbering Lows for 16 trading days in a row now, which hasn't happened since June2021. If we break above the 200-day at around 11500, that will also be a downtrend line break. We'll see.