I hope everyone is having a great night so far! Today was a $150 day for me today in roughly 3 minutes before I went to my first day at the new gig. Not a bad way to start off my week! I saw a few of the nicest high-rises in the city today with some of the most incredible views I’ve seen in Chicago. It was like I was a tourist in my own city and it was truly breathtaking. This entire week I’m going to be training and looking at all the inventory in the city that we offer so I will be extremely busy getting to know the buildings. I do have roughly an hour in the morning to trade and will try to make the best of each day since I wont be able to really watch the markets in the next week. Once I get a little bit more in a rhythm at the new job, I’ll be able to certainly focus on both. I wont have any day trades left until Thursday so the next 2 days I’ll see what time I can squeeze out to look for possible swings. Nonetheless, here’s what I’ll be watching tomorrow and what I think will be in play.

 

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NVCN – I wanted to get this at $0.50 in PM but it just couldn’t get there and I decided to buy about 2 minutes after the open at $0.52 when I couldn’t at $0.50. The goal was for it to breakout past yesterday’s resistance and then run. It did just that but got stuck just under $0.60 and since I only had a few minutes to really trade, I decided to take profits for a nice $150 in 3 minutes. Doesn’t get much better than that and I’m glad I got out because after attempting to retest the highs, it ended up failing and dropping back down to $0.45. I do still like this long-term chart though and would consider dip buying this closer to $0.40 if it can hold that level again. I may consider swinging this as the chart is fairly similar to CBYL and EBIO so if it can play out that way, it certainly has a lot of upside with not a lot of downside. I don’t have a day trade tomorrow so I will be watching more closely towards the end of the day.

 

URRE – This spiked nicely last Thursday and then dropped Friday but held above the previous lows. This morning it popped and then faded, but managed to find some support at $1.75ish before jumping to $2. Just before the close, this broke the day high and really spiked to $2.50 on really strong volume. This is the highest volume day this has seen in a year and there really isn’t a catalyst that I saw for this move. I’m curious to see how this is going to act tomorrow but I’m sure it’s going to come up on a ton of peoples scanners tonight so I’m sure it’ll be in play. I first want to see if this can breakout past  $2.50 and if it can then I think it can really run. If not, then it will be a good short as it will probably come back down to under $2.

 

AMRS – They announced a collaboration with Johnson and Johnson today and the stocks jumped to $0.70 in the morning and then dropped back down to $0.60ish. It did find support at the $0.60 level and managed to hang around there all day until the end of the day where it started to ramp back up towards $0.70. If it can hold $0.60 tomorrow, I would consider going long with the goal of this retesting $0.70 resistance and breaking out towards $0.90. I want to see how this moves in the morning and if it can hold $0.60 before I do anything. Nonetheless, J&J is HUGE and it could be a good deal for this small company.

 

 

Secondary Watch: AVXL, VLTC, EBIO, CBYL