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. Curiously, though not surprisingly, all it took was a brush of the 200-day moving average line (green) to jump-start the intraday reversal effort. The 200-day line is often a natural support level. Now, that in itself was enough to prompt me to pen some bullish thoughts about SPYR at the site, but John Monroe saw SPYR in a bullish light for a completely different reason. Ever heard of Fibonacci retracement lines? We talk about them from time to time here in the newsletter, though we could talk about them a heck of a lot more. A Fibonacci line is something of a phenomenon naturally occurring in nature, mathematics, and even in trading. We don't have time or room to get into the full-blown explanation today - it will have to suffice to simply say that traders have a tendency to retrace either 3/8 or 5/8 of a distance between a high and a low; it works bearishly and bullishly. They're a great trading framework when no other prior highs or lows or any moving averages are able to suggest a ceiling or floor is in place. Guess what bumped into a Fibonacci support level on Friday. If you guessed SPYR, you're exactly right. John made this weekly chart of SPYR for us, plotting the Fibonacci retracement lines based on the span between the mid-2016 low of $0.12 and the February high of $1.06. A 38.2% (3/8) retracement of that distance didn't hold back the profit-taking last month, but clearly a 61.8% (or 5/8) retracement meant something, since that's where the selling was stopped cold. John's chart also tells us there's something supportive for SPYR around $0.48 anyway, where the stock made its lows in October and November of last year, and then again one more time in February. This is about as good as it gets in trading. Obviously there are never any guarantees, but when we start to see multiple technical clues stacking up at the same time in the same place, it's usually wise to take the hint. In this particular case, based on the chart's history and technical analysis, a move back to the $1.20 mark is a distinct possibility. That's more than a doubling of its current level. Now, in case you missed it, SPYR is a mobile video game company that's developed Pocket Starships. It's not only an amazing - and highly addictive - game in and of itself, but could also serve as the company's foray into the highly lucrative eSports market. If you've never heard of eSports, be sure to add it to your lexicon. This cultural shift is the real deal, and is starting to drive some serious revenue. Thing is, we ain't seen nothin' yet. eSports -- short for electronic sports -- is literally an organized, tournament-driven league of video game play. Not only do these athletes get paid to do their thing, fans pay to watch them play. Some of the leagues are single-player contests, while others are team-based, where a group of gamers work together to complete a virtual mission or achieve a collective goal. It works as entertainment because while gamers love to play, like traditional sports fans, they also love to watch the pros play the same game at a much higher caliber. Fans watch the event online, or sometimes fill up stadiums to watch the events on big screens.... tens of thousands at a time. The numbers involved are nothing less than shocking. Research firm SuperData has estimated the eSports market alone generated $892.8 million in revenue last year when looking at every dollar it ultimately generates. This figure is expected to rise to over $1 billion in 2017 and reach the $1.23 billion level by 2019, with big name advertisers and sponsors like Coca-Cola and Nissan already starting to pour money into the niche. Point being, SPYR is smart to be taking aim at this market. But why Pocket Starships? Glad you asked. Pocket Starships is a Massively Multiplayer Online (MMO) free-to-play/freemium game where players can build and pilot numerous starships in real-time space battles, recruit players and form strong alliances, and battle with and against thousands of other players worldwide on a quest for galactic domination. That's not the most compelling part of the game, however. See, Pocket Starships can be played in real-time with multiple players participating regardless of the kind of device each player is using. In other words, a gamer in New York can play on a personal computer, doing battle against a gamer in California who's playing on an Android tablet, who's teamed up with a player in Hawaii using an iPhone.... you get the idea. It's a true cross-platform, real-time, multiplayer video game, and works just as well on all devices. That flexibility makes it appealing to a wide array of gamers, and therefore makes it appealing to a wide number of players AND sponsors... sponsors that drive about 3/4 of the eSports industry's revenue, by the way. It's very rare to see a game of such quality and depth be that flexible. In fact, we're only aware of one other game anywhere close to being like it, and that game's getting a little long in the tooth. Your edge is the fact that most people have yet to really delve into the details and connect the dots. They're starting to though. You can see on the weekly chart of SPYR the broad trend has been a bullish one since early last year, in step with the development of Pocket Starships into something that could penetrate the eSports market. We suspect the recent lull is just a short-term pullback within the confines of a long-term advance. That's what the technical clues are suggesting anyway. We just wanted you to see it too, because we think the risk/reward scenario is very attractive at current levels.