Karma Trades

Volatile day on the market in what was a boring directionless week.
The Trump speech affected strongly the biotech sector while leaving the others quite untouched.

During the Trump speech the SPY went down sharply but quickly recovered showing signs of support and possible trend continuation this week or the next.

Some sectors that I consider to be showing BULLISH setups are:

• Oil (USO, OAS, WLL,  RIG, XES): Oil made sharp moves to the downside at the beginning of the week, but oil futures printed a bullish engulfing candle today and plenty of oil related stock moved to the upside response. Many of this stocks are also showing flag & consolidation patterns; maybe this move in oil will cause a break to the upside.


• Steel & Metals(XME, CLF, SLX, MT, FCX, AA): Also moving up today after making pullback/flag patterns. The pullback and trend continuation looks very clear on the weekly charts.


• Basic Materials(XLB, MOS, POT, FMC): Basic materials also moving and showing trend continuation in the weekly charts, Agricultural and Chem stocks showing bullish patterns.

Some sectors that I consider to be showing BEARISH setups are:

•  Biotech (IBB, XBI): After a sharp move to the upside the last few days, biotechs got hit hard after Trump's comments. Altough it might become a good buy opportunity if it pulls back to the 50 or 200 SMA

BTU making a cup and handle pattern with the last pullback. It showed good strength the past days and I expect it to go up and break the recent high, possibly above 3.00. Energy sector conditions will be critical for this setup.




CLF another energy play. It's flagging above the recent breakout area and seems likely to continue
upward.




NES, another flag setup. It hasn't close green yet, but when it does I expect it to resume its way up.




Another Oil play, OAS, of all this is the one that I like the least because of the range. It's forming a nice pullback and setting up for a breakout but there's a previous support area from early in the year which might act as resistance at 12.00.

Good Karma & Profit.

AVNR had a big move on monday and has been consolidating this past two days. There is some clear resistance at 13.00. I'll keep on watch for either a breakout above 13.00 or a failed break and subsequent breakdown.


MOBI made a big move above 10.00 today at EOD, so I expect this to be in play tomorrow. Pretty much no resistance until the mid 12s. Let's see if it can hold the double digits and move from there.


NYNY was the huge mover of today, basicly doubled from yesterday's open. Let's see if this can keep moving or if it begins to crack down, making it a good short opportunity.

I hope that you can profit from this watchlist.
I you have any other stock worth watching, please share it in the comments.

Good Luck & Have Profits.

 CGA was a big mover on friday because or earnings. I'll keep on watch for a secondary move or a fade. This could also pullback to fill the gap and make a second run. Definetly to keep on watch for next week.

 OTIV is another of last week's big movers. It gapped, pulled abck, filled the gap and now is running again. It has some resistance at 4.00 but I think it can make a higher move next week.

 Another big mover. PULS ran to 4 before pulling back and now setting up for a possible move to 3.00.




SCOK is also another of the big movers. After the move it has been forming some sort of simetrical triangle/pennant that would indicate that a another move is possible. Will keep on watch for either the breakout or breakdown of the pennant.


I hope that you can profit from this watchlist!
I you have some other stocks worth watching, please share them in the comments!

Good Luck & Have Profits!

SCOK had a HUUUGE run today from 3 to above 9. Right now in after hours is at 6.65 so a gap down is very likely. It made some sort of double top above 9 and can possibly colapse tomorrow.


LUNA is another stock that gapped and made a big move. It opened at 2.07 and quickly ran to 2.7 only to fade away the rest of the day. It has a big gap to fill and I think it weill be a good short tomorrow.




WPCS broke out from an ascending triangle after good news and climbed up to 1.73. It tomorrow it goes above today's highs I think it can go near 2.00.


ISNS made huge a huge move the past week and obviously it went down hard after the move was done. Now it has holded above 6 for two days with a low of 6.11 the two days. I think it can make another move to at least 7, But holding above 6 is key. It it breaks this previous days low, the it's a short.

FOLD consolidated around 7 the last week and now seems to be going higher again. Possible goin to test 8.


Chinese stocks seem to be hot now, and CMGE has had a big run. I think it can test 30 before going down, so I'll keep it con watch for tomorrow.



 GIGA had a big run and got above 3.In the chart we can see that this stock usually doesn't hold gains, but it makes a decent second day move before fading. This can be a nice daytrade and also a possible short when it fades.






IVAN has been making nice morning moves for the past 2 days and today it consolidated almost all day right above 2. I would like to see another morning move to test previous day's highs.