Blue Horseshoe Stocks: JNUG Recap & Much More

Direxion Daily Jr Gld Mnrs Bull 3X ETF  (JNUG) – Recap

Despite only providing a fleeting opportunity for gains on Tuesday morning after we submitted our options trading idea for the JNUG chain, we followed up with a reminder in yesterday’s report that the idea was still in play, and that we’d need to keep our heads on a swivel looking out for the move we were hoping for.

With the help of a Fed rate hike of a quarter of a percentage point, announced by Chairperson Janet Yellen yesterday, our specified contracts, the JNUG 03/31 $7-8 Calls took a serious turn for the better.

The daily ranges and potential profits were as follows:

$7 Calls – Range: .40-1.40 – Max Gain: 250%
$7.50 Calls – Range: .35-1.00 – Max Gain: 186%
$8 Calls – Range: .20-.87 – Max Gain: 335%

Once again, we’re going to reiterate our interest in these ideas, which could be in line to extend their highs, with JNUG gapping up in early trading this morning.


Aralez Pharmaceuticals, Inc. ARLZ

We placed ARLZ on bottom watch yesterday morning in what turned out to be a fantastic stroke of good timing. We just wanted to update readers this morning on the reversal which did indeed occur during the session. While the intraday gain potential topped out at 25% as the stock ran from the open (and also low of day) at 2.11 to as much as 2.63.

The inverted hammer candle that the stock posted yesterday is often thought to be an indicator of the end of a downward pattern, so we’ll be very interested to continue tracking ARLZ in sessions to come. Chart indicators are still looking very ripe, and we’d be surprised if the show was over after just a 25% rise.


Cannabis Sector Comments

Lastly, we just want to address the cannabis sector, particularly those stocks that are connected to legal recreational marijuana. After some very damaging comments made recently by the Trump Administration wherein it was suggested that the government could crack down on legal weed, yesterday we witnessed something of a reversal from Jeff Sessions.

Sessions appeared to hint at insufficient DOJ funding as a primary reason that perhaps the current regime will not be changing Obama-era guidance on leaving the treatment of recreational weed as a states’ rights issue.

On the heels of this development, we’re going to want to keep closer tabs on the cannabis sector once again, particularly those plays that lost a lot of ground after the first round of comments from Washington.

Some of our go-to favorites in the space have been OWCP, TRTC, SING, SGDH, CBIS, and MJNA, so we’ll be tracking these more closely in the days and weeks ahead, along with the sector as a whole, as stated above.


Fresh Options Idea:

The TSLA chart is looking ripe for a recovery, and the stock is gapping up moderately in premarket trading this morning. We want to signal a range of calls to monitor in the TSLA chain to potentially take advantage of what could be a protracted recovery. We’re going to zero in on the TSLA 04/07 $270-277.50 Calls, and monitor them in the days and weeks ahead.


Extended Watchlist:
NAK, ZSAN, ORCL, TPLM, PLX, RXII, IDRA

Blue Horseshoe Stocks: Kicking Off the Short Week

Imprimis Pharmaceuticals, Inc. IMMY

We began tracking IMMY as it was coming off of recent relative lows on Thursday morning, and at the time the stock saw a low of 2.12 before continuing the bottom-bounce that initially drew our attention.

That trend continued on Friday, as we suggested it might in our premarket report, with IMMY adding a solid session wherein the stock pushed its way from a low of 2.50 to a new high of 3.05. It went down in the books as an intraday increase of 22%, and a two-day swing of 44% over our observed low from Thursday.


Momentous Entertainment Group, Inc. MMEG

Wednesday morning’s premarket report was when we caught on with MMEG, and after making a nice two-day swing of 123% from a low of .0017 to .0038 on Wednesday and Thursday, the stock continued to push upward on Friday and secured multi-day runner status.

From a low of .0032 the ran to .0055, which works out to a daily rip of 72% and a three-day overall move of 224% over the low we saw on Wednesday.


Yippy, Inc. YIPI

We tagged YIPI in Friday’s extended watchlist, catching the stock just in time to witness a solid run from .60-1.09, which marked an intraday rise of 82%

The excellent single-session move came on volume of more than 17X the monthly average, so we’re definitely going to want to keep an eye on it as we kick off this holiday-shortened week.


Novus Acquisition & Development Corp. NDEV

After first alerting NDEV on December 12th, we’ve borne witness to a really nice run that has essentially lasted the entire time since then.

We observed a low of .30 in the stock on that first day, and it didn’t fall below that mark once in these ten ensuing sessions. What it has done, is gradually raise the bar, until it cracked through the dollar barrier to set a new high of 1.05 on Friday. That qualifies as a two-week swing amounting to 250%


Petrobras Argentina PZE

To wrap up this lengthy review of all the recent winners we’ve been tracking, we want to make a quick mention of PZE, which we slated as a bottom-watch play at the end of last month.

We urged readers to monitor the stock closely in the days that followed, feeling strongly that a rebound was in order, and the month of December has really validated that notion convincingly. From the low we witnessed the day after our alert at 4.66, PZE has made its way to a new high of 6.77, a solid 45% swing.


Bonus Video – Cannabis Sector Update

Take a few minutes and have a look at this video update of the state of the cannabis sector, including closer views of a few of the specific plays we’ve been following in the space, and what they’ve been up to in recent weeks:

VIDEO: Cannabis Sector Review(Featuring Stock Sumo)


Extended Watchlist:
ECOS, PVCT, INVT, IMNP, MEMP, PLX

Blue Horseshoe Stocks: Weekly Winners Review

Weekly Winners Review

Yesterday was a great day for so many of the ideas we’ve been discussing this week, leaving our normal routine seemingly unaffected by the holidays.  That being said, we’d like to wish all of our readers a prosperous holiday season! 2016 was yet another great year, and we’re already very excited about making 2017 even better!

Micron Technologies, Inc. MU – First up, we’ve got an update on the options idea that we included in yesterday’s premarket report. We signaled the MU Weekly $22-23.50 Calls on the heels of the company’s solid earnings call on Wednesday. All four of the sets of contracts in that range provided big-time gain opportunities:

$22 Calls – Range: .88-1.47 – Max Gain: 67%
$22.50 Calls – Range: .47-1.00 – Max Gain: 113%
$23 Calls – Range: .24-.58 – Max Gain: 142%
$23.50 Calls – Range: .10-.29 – Max Gain: 190%
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ERF Wireless, Inc. ERFB – After first alerting ERFB a week ago today, we’ve tracked the stock throughout this week, and witnessed a great run from a low of .0013, to yesterday’s high of  .0085. That worked out to an excellent intraweek swing of 554%
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Globalstar, Inc. GSAT – Speaking of momentum plays, that’s just what GSAT was when we caught it on Monday morning. It had already strung together four sessions of higher highs, and has managed to maintain that trend for another four! We’ve witnessed an additional increase of 60% from our observed low of 1.25 to yesterday’s new high of 2.00 on heavy volume throughout the week.
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Momentous Entertainment Group, Inc. MMEG - We tagged MMEG in Wednesday morning’s premarket report, and that one has made a very nice two-day swing as well. From a low of .0017 to it reached .0038, which represents a 123% spike.
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Imprimis Pharmaceuticals, Inc. IMMY – We also just want to remind readers of a signal we gave yesterday morning on IMMY, which had just begun to show signs of a bottom-bounce in the previous session. The stock did continue that trend with a modest 17% move to the upside, trading from a low of 2.12 to 2.48. The jump did occur on well over five times the 3-month average volume, so we’ll continue to observe this play, which has a chance to confirm its multi-day runner status with strong finish to the week.


 Extended Watchlist:
ACNV, OTTV, NUVI, AJBI, YIPI, PLX, VNR

Blue Horseshoe Stocks: QFOR, NDEV Updates & More


Quadrant 4 Systems Corp. QFOR

Yesterday marked the first time we ever mentioned QFOR in any of our premarket reports, and in a stroke of fantastic timing, the stock made one heck of a debut for us.

We were interested because we noticed that after taking a huge beating from nearly .20 at the beginning of the month, the stock finally started to show some signs of life, trending off of its lows on Monday.

That momentum helped facilitate yesterday’s run from a low of .04175 to .0712, which worked out to a healthy intraday pop of 80% on more than twice the monthly average volume. We want to continue to monitor this as a recovery play, as the regaining of even a portion of the ground that it lost in recent weeks would represent significant gains from the present juncture.


Cellectar Biosciences, Inc. CLRB

Speaking of bottom plays, there’s another one hitting our scanners this morning in CLRB. This stock found new 6-month lows yesterday, and from a technical standpoint, this is what can only be referred to as an incredibly ripe chart.

We’ve included a snapshot below, and as you can see, it currently boasts many of the  characteristics that we constantly watch for, and often benefit from. Trading at recent relative lows, with an RSI indicating oversold, the MACD converging toward an impending bullish cross, and a sizable gap to the upside.

It’s for these reasons that CLRB must be afforded a spot on our watch-screens as we cruise through midweek.


Novus Acquisition & Development Corp. NDEV

After tagging NDEV in Monday’s morning report and witnessing a nice initial move from .30-.442 (+47%), we followed up yesterday and cautioned that a continuation of momentum made it necessary to stay on its trail, and we’re glad we did.

The stock produced a second straight solid session for us, running from its morning low of .43 to a new high of .559, a intraday pop of 30% and a two-day increase amounting to 86% High volume to the tune of more than five times its monthly average, and another strong close will keep NDEV’s slot on our radar safe for the time being.


Extended Watchlist:
ACAU, DTEA, ECTE, EXAD, PGUS, PLX(Bottom-Bouncer)

Blue Horseshoe Stocks: ARNA Recap & More

Arena Pharmaceuticals, Inc. ARNA

You have to go a long way back to find our very first coverage of ARNA. It was May 11th, 2012 that we first mentioned this stock as an item to have on long-term watch. At that time the company had an obesity treatment that was awaiting FDA approval.

The public sentiment during that summer was that FDA approval was all but in the bag, and as we waited the stock began a monstrous run from a low of 5.44 to the day of its approval when it hit 13.50, an overall increase of 148% It would be a very long time before we talked about ARNA again.

The next time was fairly recently on November 3rd when we included ARNA on our Extended Watchlist, and over a period of a few sessions, saw the stock make a decent move from a low of 4.12 to 4.76. After that, it endured a series of incremental pullbacks over the next several weeks.

Yesterday morning, in a stroke of superb timing we tagged the stock in our watchlist once again, and what it did next blew the run we witnessed in November right out of the water!  Coinciding with the announcement of positive top-line results on another of the company’s treatments (this one for autoimmune disease) ARNA made a huge intraday run from a low of 3.66 to all the way up to 6.09. That’s a hefty 66% increase in a single session, and it came on approximately 20X the 3-month average volume, so cheers are in order for anyone who took advantage of our timely alert!


Heritage Media Corp. HMCP

Since we mentioned HMCP for the first time on New Year’s Eve, the stock has provided us with a few quality swing-trade opportunities. That day the stock traded in a range from .0047 to .0068, an intraday gain of 45% In following sessions we then observed subsequent swings from .0037-.0064 (+73%) and .0034-.0062 (+82%) making HMCP a flipper’s dream.

As we point out on the snapshot below, what has formed on the chart is known as a bullish flag, which is known to be a signal of further gains. Couple that with an RSI that’s screaming toward the power zone, and it makes HMCP one that we’ll really need to watch closely as we head into week’s end.


Extended Watchlist:
BIND, BIOD, FOLD, NRX, CYRN, AVEO, ACUR, PLX, S