Last week was great as I made a nearly a 2000 dollar profit on $SZYM! I played this one very aggressive but I was going to cut losses quickly if it didn’t go my way. Luckily it remained strong for nearly the entire day, and I bought at the day-low and sold very close to the day-high. I Will still be focusing on long plays this week as the market remains bullish. /ES seems to be finding support around 2038, and so if that holds I will be looking for new highs in the coming weeks. Oil dropped hard on Friday and should retest recent lows around 44.00 in my opinion. If that support holds, it could set us up with a lot of opportunities in oil stocks. With that said, if that recent support breaks who knows how low it may go. I think it is very important to play oil safely in both ways, as the right world event could cause big moves. Here are some of the plays I will be keeping on watch this week.. Click on the symbols to pull up the chart!

$DWTI & $SCO are potential buys as oil is showing weakness. These are leveraged ETFs and can move extremely fast so anyone playing these should be very careful. On January 29th, when oil hit 44.37, $SCO was trading at 110.00 and DWTI was trading at 199.00. So if oil continues lower these could be very profitable plays. If that support I have been talking about breaks, profits should be substantial.

$HIVE would be a long play, as this is a beaten down stock that seems to have found a bottom recently around 4.00. Following that bottom, it broke out of a downtrend line and made a run. Over the past week it pulled back from that run, but has found higher support. This stock made a very strong move on Friday, and volume seems to be coming back in, so I am looking for a move to around 5.00 to 5.50 per share.

$AT is a stock that has been in a very strong longer-term uptrend since gapping down last September and falling 50%. It is slowly filling that gap, and is coming off of a recent low. If the uptrend continues I can see this moving to 3.10 to 3.20 per share, but if it gains some momentum and gets some high volume, it may make a strong move to go ahead and fill that gap to around 3.70 per share.

$FSI is a low float stock that makes large moves when it goes. It is a potential buy as it has recently bounced off of some strong support around 1.13 per share and volume is coming in. This is a potential buy as long as momentum continues and I would look for this to test new highs around 1.50 to 1.60 per share soon.

$OGXI is one I took a fairly large position in on Friday it began to bounce off of new, higher support. I am long 3350 shares at around 2.31. I like OGXI long-term throughout 2015 and you can read my article on it here, but I think it may be a good short-term play as well. OGXI has been uptrending lately and held the uptrend line nicely when it bounced on Friday. I am hoping to see this test new highs around 2.80 per share, but I will play it accordingly.

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Lets make this a good week – Happy Trading!