Blue Horseshoe Stocks: Cannabis Commentary & More

NeoPhotonics Corp. NPTN

We’re always bargain hunting for stocks that have been recently beaten back to what appear to be unsustainably low levels, and we’re observing one heck of a double bottom setup on NPTN at the present time.

Twice now the stock has touched and rebounded off of the mid-$4 range, with the annual low coming in at 4.56. We’re going to want to place NPTN on watch in sessions to come and look for the stock to establish higher levels of support.



Valeant Pharmaceuticals International, Inc. VRX

It’s been awhile since we had a look at VRX, and as it turns out, this is another stock that looks ready to start a trend off of a recent relative low.

VRX is gapping up considerably into the $14-range this morning on the heels of a solid earnings beat. We’re going to signal a range of options contracts to watch for some possible dip-and-rip activity. This is just the type of setup we routinely look for, and we’ll be tracking the VRX Weekly $13-14 Calls for the remainder of the week.



Cannabis Commentary

It has been a slow year in general for many domestic cannabis stocks, due, at least in part, to a DOJ led by outspoken marijuana opponent Jeff Sessions. It has created an environment of uncertainty pertaining to the federal government’s likelihood of creating problems for marijuana businesses, even in states where voters have officially spoken and legalized the plant. The marijuana movement is here to stay, but at present, is dealing with this roadblock of sorts.

That doesn’t mean our interest in the sector has diminished. In fact, we’re as exuberant about the future of the cannabis industry as we ever were. North of the Border, Canadians will enact a nationwide end to prohibition just 8 months from now.

The World Anti-Doping Agency, which was formed by the International Olympic Committee to police the use of performance enhancing drugs in athletics, also recently removed Cannabidiol (CBD) from its list of banned substances, opening up a huge market for the hemp-derived product.

Here are just a few of the cannabis plays that we track on a regular basis, and will continue to do so as we head into 2018, which we feel is going to be a big year for the industry and all of its subsectors. Maybe the biggest one yet!

MJNA, TRTC, MJTK, AGTK, GRNH, HEMP, ACBFF, APHQF,  TWMJF, CBIS, XXII,


Extended Watchlist:
TXMD, EVEP, DXTR, COLL, CRC

Incoming search terms:

  • vh-vrx

Blue Horseshoe Stocks: MYHI Recap & Other Updates

Mountain High Acquisitions Corp. MYHI

Our first order of business this morning is to review the recent activity in MYHI, another cannabis stock amid the huge selection we’re constantly tracking. We’ve been all over this play in the month of January, beginning with the first report of the calendar year, and appearing routinely since then, all while maintaining a general uptrend.

Our witnessed low came in the session immediately following that first premarket report of 2017 back on January 3rd, at .09. Over the course of this month, MYHI has streaked skyward with some very impressive multi-day surges, the latest of which led to a new high yesterday.

We also included MYHI in yesterday’s premarket report, so for those readers who haven’t been with us long enough to have witnessed the full story on this play, single-session gains of a significant magnitude were also available. MYHI ran from a low of .5616 to its new high of .90 on heavy volume, an intraday push of 63%

The high mark represented an overall upswing of 900% from our observed low on the 3rd, exactly three weeks ago, so huge cheers are in order for anyone who has been along for this fantastic ride!


Other Pot Stock Updates

Speaking of the marijuana space, which has definitely been a prime area of focus for us in recent months especially, we had a couple of our other running cannabis interests that were included in yesterday’s premarket report end up performing well on the day.

We had Rocky Mountain High Brands, Inc. RMHB trade up from .13 to .16 for a modest 23% intraday push, reaching overall gains of 74% from the .092 low we observed after including the stock in Friday’s report.

There was also Hemp, Inc. HEMP, which was another one we put in the first report of the year and have been tracking ever since. It spiked 16% intraday yesterday from .0467 to .054, and from our witnessed low of .03, a total rise of 80%


Cellectar Biosciences, Inc. CLRB

CLRB is hitting our scanner in the premarket today, gapping up to the tune of 15% and showing all the symptoms of a solid bottom-bouncer.

There is a gap on the chart between approximately 1.80 and 2.20. We would like to see the stock maintain support above the 50DMA(1.50) and potentially make a run to fill that gap.


VanEck Vectors Gold Miners ETF (GDX) – Options Reminder

Just a quick reminder on our options ideas from yesterday’s report; the GDX 02/10 $24-25.50 Calls which we put on extended watch, made some decent progress on the first day, producing gains ranging between 20-40%

We’ll continue to track these ideas for the possibility of further increases for as long as gold itself can maintain its overall uptrend. In this case, that would likely mean holding support above the $1200/oz mark.


Extended Watchlist
PURA, MYDX, UAMM, PKTX, ISBG, ICNB, MIHI(News)

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  • could hemp stock every become blue chip stock

Blue Horseshoe Stocks: Marijuana Madness Continues & More

Puration, Inc. PURA

It seems that the majority of the stocks we’ve seen make big moves in 2017 so far, are in some way related to the marijuana sector. To start things off this morning we want to go back and retrace our steps with PURA, which began on Thursday the 12th.

We saw a nice initial 30% jump, followed by a consolidation down to .03 on  Tuesday, and for the rest of last week it was one bullish session after the other. The impressive run culminated in a new high of .075 on Friday, which stands as an intraweek upswing of 150%

With such good price action and volatility, we’ll be sure to leave PURA on our massive running watchlist that essentially includes all high-liquidity stocks in, or related to, the cannabis space.


Rocky Mountain High Brands, Inc. RMHB

Speaking of cannabis related, RMHB was new to our reports on Friday, and it too is trying to capture a chunk of the consumables market with its hemp-infused food and beverage products.

The stock put up a solid move in its first session on our radar, making an early run from .092 to a high of .137. That works out to a 49% intraday pop, and any play posting those types of single-session numbers could certainly have more in store for us, so we’ll keep RMHB on our watchlist as well.


VanEck Vectors Gold Miners ETF (GDX) – Options Idea

The dollar has been looking shaky of late, as the various unknowns of a new administration has characteristically injected an element of fear into the marketplace. As a result gold has been on a month-long climb, and in the event that trend continues to carry, we’ll want to have an associated options idea at the ready.

One of the funds we like to trade for its correlation with gold is GDX, and in this instance, we’re going to put the GDX 02/10 $24-25.50 Calls on watch over the next several sessions.



Extended Watchlist
CBIS, MCOA, HEMP, MYHI, OWCP, TRTC, USMJ,

Blue Horseshoe Stocks: 3 Stocks Hitting All-Time Highs

Uranium Resources, Inc. URRE

First thing this morning, we want to highlight the recent performance of URRE, which we slated for tracking in last Friday’s report. It has since made an appreciable move to the upside that is worthy of note.

We saw shares changing hands for as little as 1.62 before yesterday’s session carried the stock to a new high of 3.94, demonstrating a rise of 143% in just a few days’ time. Yesterday’s big push also came on record volume, to the tune of more than 25M shares traded.

It puts the stock in unprecedented territory in terms of momentum, so we’ll be very interested to watch the activity unfold from this point forward. We would have to surmise that a signifcant dip-and-rip could very likely take place at some point in the near future, so we’ll be looking to time that to our advantage.


OWC Pharmaceutical Research Corp. OWCP

Continuing along with our coverage of OWCP’s stellar performance this week, we have yet another new high to report this morning. We mentioned yesterday that the stock was trading at its highest prices since 2014, a fact which firmly designates OWCP as a Blue Sky Breakout play, and lo and behold, the breakout was destined to continue for yet another session.

The stock traded in a range from .26 to .41, an intraday pop of 58% which occurred on the highest volume in more than two months. The new high achieved pushed our already mind-melting observed range on the stock since our alert on September 29th, to an incredible 9011% in less than ten weeks!

Like the above-mentioned play, OWCP is now in uncharted waters, trading at its highest PPS levels of all time, and thus must be characterized as a Blue Sky Breakout, and treated as such.


PM&E, Inc. PMEA

Also coming out of yesterday’s premarket report to make quite a respectable intraday move was PMEA. This subpenny play traded in a range from .0008 to .0015 for a solid 87% move on the day.

Incidentally, it represented the third mention of the morning yesterday that would go on to set a new all-time high!


Galectin Therapeutics, Inc. GALT

Lastly, we want to radar an unfamiliar stock in GALT this morning after noticing a ripening chart setup. We have included a snapshot below pointing out the various aspects that we find attractive.

We’re going to place GALT on watch in the days and weeks ahead. A filling of the highlighted gap on the chart and return to September pricing, from current levels, would be a move of more than 100%


Extended Watchlist:
VAPE, PURA, SNMN, OBMP, HEMP, TBIO

Blue Horseshoe Stocks: Kicking Off the New Year

Good Morning Traders, and Happy New Year! We hope everyone had a pleasant holiday season, but now that the new year has begun, we also hope everyone’s ready to dive right back in and take 2017 by the horns! We’re looking forward to another year of market action and tracking hot plays whether they be pennies, big boards, options, or whatever! Wherever we see even the slightest chance for a big opportunity we’ll be there, so join us- the 2017 trading year starts now!


Continued Cannabis Sector Surges

We’ve been all over the cannabis space for years, but the scope and intensity of our observation has been decidedly more focused in past weeks and months.  On Sunday, legalized recreational marijuana took effect in California and elsewhere, so you can all expect that the pot sector will be an area of continued interest as the industry as a whole is set to undergo huge growth and change in coming months.

We had a few reminders appear in Friday’s premarket report from among the vast group of pot plays we’ve tracked over an extremely long period at this point. PHOT and VAPE, two old favorites, both followed that up with solid intraday performances to close out 2016.

PHOT posted a nice intraday move from .0167-.0198 (+19%), while VAPE ran from .0122-.0167 (+37%).  We’ll continue to track these and other cannabis stocks, including but not limited to: MCOA, HEMP, MCIG, GRNH, TRTC, MYDX, MYHI, CHIT


More Updates:

Oceanic Research & Recovery Inc. ORRV - We began mentioning ORRV on Wednesday, and subsequently would witness a low of .0005. Friday the stock posted a huge finish to the year, running up to a new high of .00271. That marked a three-session swing of 442%  We’re going to be keeping an eye peeled for the possibility of continued momentum.

ERF Wireless, Inc. ERFB – Our first tag of ERFB came three Friday’s ago, at which time we would observe a low of .0013. It too broke out to new high on Friday, reaching .02. From our initial low that works out to an overall increase of 54% More gains could be on the horizon in this case as well, so we’ll be watching.


 Vanguard Natural Resources, Inc. VNR

We also want to put VNR on our radars as we kick things off on this short week. We’ve included a snapshot below and as you can see, a triple-bottom formation is currently in effect. We are going to be watching for a reversal, which, if the last couple of cycles are any indicator, could lead to a pretty significant PPS increase.


ProShares Short VIX Short-Term Futures SVXY

With the markets as a whole appearing to want to open up 2017 on a high note, we’re going to signal a range of bullish options calls for the SVXY ETF. We’ll be monitoring the SVXY Weekly $93.50-95.50 Calls.


Extended Watchlist:
PHIL, HIRU, CREX, NNUP, SPEC