SKTO, AAPL & Extended Watchlist

SK3 Group, Inc. SKTO

SKTO was one play from our marijuana watchlist to really have a bang-up session yesterday. On more than 5X the 3mo. average volume, the stock surged nearly 40% from its early morning low of .0135 to a late afternoon high at .0188.

The move not only broke through previous resistance at .015, but continued to roll, surpassing the current 200DMA (.016) as well. Moving forward, we’d ideally like to see support hold above .015.


Apple, Inc. AAPL

Apple’s quarterly earnings exceeded Wall Street’s expectations on Monday, fueling some extremely volatile post-market trading. After hours, we saw a significant pull-back followed by a bounce which has AAPL currently trading in the low 530’s. Yesterday afternoon’s high in the $542-range is going to act as the next resistance barrier.

We made the right choice with our last options call in moving our strike price up to $525, which as it now stands, should be pushed deep into the money with the current trend.


Extended Watchlist:
FNMA, FMCC, GOGO, ZGNX, CLSN, ONP, USAT, NQ