Small Stocks BIG Returns

SCLN Breakout Looming? CALL Offers Value... Again.
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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The markets opened this morning with follow through buying strength as the NDX gapped up to 2570 and is currently backing and filling those gains from yesterday's close as I type. Like we mentioned yesterday, the 2577 - 2613 on the NDX was going to likely be a short-term resistance level the market was going to have to deal with if we're going to move higher. Again, the QQQ call options we suggested late last week are well in the money so let's not get married to those. You have to have made at least 30% on those options in a few short days so take that money off the table and let's see just how much conviction there is for this market to want to go higher.


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Today's Edition May Surprise You
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Good Wednesday to you. We're again seeing some nice follow through in the markets today. For the short-term, it appears that break below 2500 on the NDX we suggested late last week is proving to be a catalyst for at least a decent short-term relief rally. We also suggested that the recent 3/8 retracement of the S&P and DOW may provide at least a short-term catalyst for this market to move higher, and so far that's been the case.


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Market Tries. New Stealth Pharma Idea.
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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We saw a little strength in the market yesterday going into the close along with a feeble attempt at some follow through this morning early on the open, however, as I type, the NDX is working on giving some of yesterday's gains back. Where this market goes from here is anyone's guess and I'm certain there's about as many opinions out there as there are stocks to trade.


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A Logical Look at the Current Market
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Hope you had a great weekend because it's back to market reality today. Markets are off to pretty much a neutral start so far this morning when you consider last week's carnage. The NDX finally threw in the towel on Friday and broke below a key support level, which suggests this market may be headed lower. At this point, there's no reason to try and catch a falling knife even if you're looking for short-term profits on some index options. The risk/reward is too high to get long this market for the short-term. If you want to go out 4-6 months, that's a possibility but not this month's options... that's for sure.


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Market Gets Acid Test. A Random Penny Stock Tip.
SmallCap Network /

Jul 9, 2020

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01:13 PM PST

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Friday already? An ugly May for the major markets and so far an ugly start to June but it's all pretty much par for the course right now. Low jobs growth and higher than expected unemployment numbers are getting the blame today. As far as we're concerned though, it's still all pretty logical but this is the real acid test right now like we mentioned yesterday.


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