Happy hump-day friends and fellow traders. Yes, the newsletter is a little earlier than usual today mainly because we wanted to get it in your hands before the end of the day. There's something interesting going on with one of our Featured Stocks, and you may want to act on it before Wednesday's closing bell rings.
Remember Cell MedX (CMXC)? This is the name we introduced to you back on March 2nd, excited about a brand new technology it's developed as a means of treating diabetes. In short, the company's been testing the application of electrical currents to a human body's cells to restore their health and functionality. The premise seems to have worked in observational trials, and most everyone seems to expect similar efficacy from the official clinical trials that began earlier this month.
That's not what we wanted to focus on regarding Cell MedX today, however... not even close.
Please, oh please, tell me you stepped into SPYR (SPYR) yesterday morning when we delivered an early newsletter pointing out a reversal was brewing. Though the stock opened modestly on Monday, it ended the day up nearly 18%.
Better yet, the way the stock ended Monday's action looks as if it was still reaching for higher highs headed into today. This morning's news could readily rekindle those flames pushing SPYR shares upward. See, the company is spinning off a division to existing SPYR shareholders, and it looks like a win-win for everyone... even more of a win the company may muster as things stand now (and we were already plenty excited about the 'now').
Per this morning's news release, SPYR is spinning off its "Eat at Joe's(r)" restaurant located at Philadelphia International Airport. There's nothing wrong with the restaurant itself, just like there's nothing wrong with the mobile game business the company is developing. SPYR just came to the conclusion (and we think rightfully so) in January that both arms would operate better independently of one another, so each division can receive its due focus.
Good morning friends and fellow traders. How was your weekend? Yep, it's a morning edition of the newsletter, because waiting until after today's close may well be too late. One of our Featured Stocks looks like it's ready to move sharply higher today, and it wasn't just me that noticed a subtle clue on Friday. John Monroe over at the Elite Opportunity Pro saw it too, and happened to mention it to me as well. When two people see the same big thing independently of one another, there's usually something to it.
I'm talking about SPYR (SPYR)... the mobile video game maker we introduced to you after last Wednesday's close. It had been drifting lower for a few days, but as of Friday, the tide looks ready to turn for the best again.
Take a look at the daily chart of SPYR below. If you keep tabs on everything posted at the website, then you'll already know SPYR stock dropped a big reversal hint on Friday in the form of a hammer-shaped bar, though it's also sometimes called a dragonfly doji. (John calls it as "wash and rinse" day.) Whatever you call it, it's the same hint - the shape of the chart says the last of the sellers were flushed out on Friday, and they handed the reins to the buyers, so to speak. See, by the end of the day, the steep intraday loss was wiped away and SPYR snapped back to close at the high for the day.
In the grand scheme of things, Friday's action was oddly uneventful. Being a quadruple witching day (where a whole slew of options and futures expire), we can at the very least expect a surge in volume, and we can realistically expect that activity to push the market higher or lower to some degree.
At the same time, being St. Patrick's Day, based on the average return over the past several St. Patrick's Days, we had an 80% chance that the S&P 500 would log some sort of gain... a gain of about 0.72%.
Buckle up, friends and fellow traders. We've got another double-barreled edition of the SmallCap Network newsletter for you today. That is to say, news from not one but two of our Featured Stocks materialized this morning, and in both cases the stock seems to be moving in a way you have to like.
In no certain order...
This morning, Algae Dynamics (ADYNF) announced it had signed a memorandum of understanding with Avanti Rx Analytics that calls for Avanti to test, extract, purify and export cannabis oil as part of the groundwork for developing marketable cannabis products.