One of the perks of being a subscriber of The Entry Points premium content is that Trader Scott sends our members comments every morning about market directions, movements and stocks we are watching for set ups. We release these comments in an edited form afterwards from time to time to allow our visitors a little peak into our premarket information.
From 9/11 – More on gold, below $1325 would be a place for me to look to do a short-term trade on the long-side, probably via JNUG, NUGT.
ARRY – Up 8% pre-market on news. We’ve talked about this stock so many times as a strong stock, the latest being Friday as Trader Scott talked about it in the video. Study the support and resistance areas as this might be an interesting stock to watch for those of you who are not daytraders. ARRY has the big short-term resistance areas marked on the chart.
From 9/12 – ALDX – the long-term chart is a big area of accumulation with recent signs of strength, and today outstanding drug news. It will be a multi-month breakout, and we like that part of it also. But on these gaps – short-term need a reaction first to set something up. I will be looking to see if a daytrade potential is there, and bigger picture also.
9/13 – Unless a stock has astounding news, many of these stocks close substantially lower than what they open at, so please keep this in mind. But when….is outstanding, then truly buying the breakout, and holding, is then a high probability situation – I did that with DVAX, INSM, and ITCI, and I’m still long all of these stocks. DVAX was daytraded a bit, but the reactions were used to build a position. Many of these stocks eventually turn into strong stocks like IMMU, IMGN, AVEO. These are good stocks for longer term trades, but again, the profits are better when [….] And when the bigger, or possibly huge [….] then it’s time to de-risk in part or in full. Like in AVEO, or MGTI – we discussed both of these at the time. And then with all of these stocks, watch the big reactions, look at what XXII did.
And 9/14 – ALDX from Tuesday premarket – the gap and the selloff – many approaches. HALO with real good news about a Roche licensing deal – attempting to also be a multi-year breakout. Looking at SMMT and ARRY as bounce potential.
And 9/15 – Stocks – ALDX was a huge winner yesterday. It was discussed first on Tuesday, and then again yesterday. Hopefully some of you traded it and took profits. It had a big surge in volume into the close, and is suspect for now, but there could be an early bounce daytrade. Speaking of bounces, from the comments yesterday, ARRY had a great bounce and is continuing today. TTOO has bounce potential today. And MRTX has excellent drug news and will be very active.
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