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

Incoming search terms:

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Blue Horseshoe Stocks: TXHD, AUPH Recaps & More

Textmunication Holdings, Inc. TXHD

We included TXHD in yesterday’s extended watchlist after picking it up on a routine premarket volume scan, and we ended up being extremely happy we did so, with the stock making the top gains out of anything else we mentioned for the day.

Right from the opening bell, it blasted off from a low of .0042 and rocketed to a high of .0094, giving nimble traders the chance at intraday gains of up to 124%

TXHD closed at .0075 having traded massive volume, maintaining a good portion of the ground it gained during the day, so we’ll be eager to continue tracking its movements.


InterCloud Systems, Inc. ICLD

We remained hot on the trail of ICLD after issuing reminders in our reports  on Thursday and Fridays that it had begun to rebound off of its 52-week lows.

Thursday we had witnessed a low of .0157, and in yesterday’s newsletter we commented on the rapidly rising RSI and strong close, and sure enough, the stock continued its solid run-up on the chart.

ICLD traded in a range from .0221 to .0324, a 47% intraday boost, and an overall increase of 106% over our observed low from three sessions prior.


Aurinia Pharmceuticals, Inc. AUPH

The last time we put a tag on AUPH was at the end of January, and at the time, the stock was trading around $3, briefly touching a low of 2.95.

What occurred during the month of February was a slow and steady increase peaking at just under $4, but as we’ve come into March, the PPS has been ramping up much more intensely.

Yesterday, AUPH broke out to a new high of 7.32, which marks an overall upswing of 148% in the span of roughly five weeks.


Bottom-Watchers

Both Function(x) Inc. FNCX and Ocera Therapeutics, Inc. OCRX are going to be on our radars as potential rebound plays. FNCX has a excellent looking , ripening chart, and OCRX is gapping up off its own bottom this morning.

Each of these NASDAQ-listed stocks are required to work toward getting their share prices back above the 1.00 minimum standard, or face de-listing.


Extended Watchlist:
ABEO, CVM, RXII, NAK, HTBX, MYSZ

Blue Horseshoe Stocks: MJMJ, MEET Recaps & More

MeetMe, Inc. MEET

Yesterday
we tagged MEET for the first time since last year, and our timing in turning our attention back to it was excellent. On the strength of improved Q2 guidance published in a premarket PR, the stock made a healthy intraday move.

From a morning low of 1.66, MEET went on to hit an even 2.00 high toward the end of the session; a 20% swing. Volume was excessive, on the order of roughly 22x the 3-month average. Ideally, we need to see MEET maintain support at or above the new 200DMA of 1.74 on any pullbacks in order for us to remain interested.


The MaryJane Group, Inc. MJMJ

At the end of last week we were monitoring MJMJ for a bottom, After coming up off its bottom on Tuesday and providing us with a quality  opportunity, MJMJ continued to perform well with a nice intraday surge.

The stock made its way from an early low of .0036, and managed a subsequent high of .0055; a hefty 53% move.

From our observed low of .0027, we’ve seen an overall increase of 104% over a period of just a few sessions. With many cannabis stocks beginning to show increased signs of life lately, we’ll be sure to continue monitoring this play and others in the sector.


Cleveland BioLabs, Inc. CBLI

We want to keep an eye on CBLI after this morning’s big announcement (link below), which has essentially caused the stock to enter into Blue-Sky Breakout mode this morning, cracking through its 200DMA of 5.35 in the premarket. If it can maintain that 200DMA as support on an early pullback, we could see added increases.

Regardless, whenever we run across a stock in this position we’re always on the lookout for dip-and-rip scenarios to occur after a consolidation. It’s a pattern that we’ve seen played out time and time again.


Pazoo, Inc. PZOO

We also noticed a PR published on PZOO for the second consecutive day. After yesterday’s big announcement that the company had fully acquired MA & Associates’ marijuana testing business, today we learned that the company’s other subsidiary has signed a new, potentially lucrative distribution agreement.

Pazoo is another company that falls under the category of those doing everything they can to capitalize on the ever-expanding marijuana sector. It has remained extremely active in pursuing that goal over the entire time we’ve been tracking the stock.


Extended Watchlist:
RXMD, MHR, PTNT, RXII, BWEN, INVT

Blue Horseshoe Stocks: CDTI Recap & More

Clean Diesel Technologies, Inc. CDTI

Jumping off of yesterday’s extended watchlist was CDTI, which made an early run which could have been milked for noteworthy intraday gains. The stock surged out of the gate in a range from 2.27-3.38 within the first 20 minutes of trading; that was good for profits of up to 49% for the quick-witted trader.

The run came in conjunction with a PR containing positive trial results from the company’s “Spinel” clean emissions exhaust technology >>Read PR

We’ll continue to monitor CDTI’s progress as the week progresses, especially as it searches for support on the heels of yesterday’s early spike. There could be some bounce-action forthcoming.

There’s also more news hitting the wires today highlighting an underwritten public offering, the net proceeds of which will reportedly be in excess of $4.5M. >>Read PR


Coates International, Ltd. COTE

We made yet another early call in our Skype-based trader’s chatroom yesterday in the form of COTE. Just a few minutes into the session we tagged the stock, and from a low of .0025 it absolutely broke out to a daily high of .0165. That’s an epic mega-move of 560%

Those who missed out on the intial pop could have utilized several subsequent swings of serious stature; COTE logged moves from .0103-.014 (+36%), .007-.0105 (+50%), and .0078-.01 (+28%).

We’d call that a darn good reason to get involved with our chats, but it isn’t the only one we’ve given recently.

We were just reminding our readers the other day about joining in our daily chats after we called AURI in the room last Thursday, and that idea actually led to a multi-day, multi-bag run from that stock. We’ll be looking for similar activity from COTE, staying open to the possibility of a dip-and-rip scenario following a consolidation off of yesterday’s huge spike.

Once again, if you want to get in on our chats, all you need to do is send a Skype Contact Request to ‘stocksumo’. All of our readers are more than welcome to participate, and it will prevent you from missing out on prime chances like this one!


New Options Ideas

We thought we’d also provide a few new options ideas for the first time this week. We’ve got potential short and longer-term possibilities to suggest:

Petroleo Brasiliero SA (Petrobras) PBR -  This old favorite always seems to produce for us, and after sizing up the chart (snapshot below), we like the current landscape, provided it can continue to maintain support at or above the 50DMA of 8.44. In the short-term, we’re looking at the Weekly PBR $8.00-9.00 Calls. For a potential extended idea, we’ll be tagging the August $10.00-11.00 Calls for observation.

LinkedIn Corp. LNKD – LNKD is another repeat-appearance options play for us. Today we’re going to be keeping watch over the Weekly $205.00-212.50 Call range, and for our longer-term watchlist, the August $220.00-230.00 Calls.


Extended Watchlist:
MNOV, RXII, AGEN, PBMD, DNRG(>>Interesting PR)

Blue Horseshoe Stocks: ICLD Update & More

InterCloud Systems, Inc. ICLD

We’ve been tracking ICLD continuously since last Monday, and after witnessing a low of 3.01 and subsequent run to 4.30 that day (+43%), the stock turned in quite an admirable performance for the week as a whole.

Following a dip back to 3.01 on Tuesday, ICLD would register higher highs and higher lows all week, which provided some excellent swing-trade opportunities. Tuesday’s intraday run carried ICLD in a range from 3.01-4.00, for chances at up to 33% in gains. On Wednesday the move was from 3.11-3.75 (21%). Thursday’s session brought a similar 22% gain as it pushed from 3.35 to 4.09.

The great weekly performance culminated in a new high being set on Friday as the stock touched a low of 3.65 before reaching 4.48. It marked another nice intraday spike (+23%) and an overall increase of 49% over our observed low earlier in the week.

The stock has traded up to the 4.30′s here in the premarket, so we’ll have ICLD on our watchlist as we kick off a new trading week, and we’ll be interested to follow the action. We’ll also remind our readers that the company has a conference call scheduled for Wednesday, the info for which you can obtain by clicking through the link to the PR below.

SHREWSBURY, N.J., May 8, 2015 (GLOBE NEWSWIRE) — InterCloud Systems, Inc. (ICLD) (“InterCloud” or the “Company”), a single-source provider of end-to-end information technology (IT) and next-generation network solutions, to the service provider (carrier) and corporate enterprise markets, through cloud solutions and professional services will hold a conference call to discuss its financial results for the First Quarter 2015. CEO Mark Munro and CFO Tim Larkin will participate in the call >> FULL PR


Extended Watchlist:
CDTI (News), CANF, CERE, VGGL, RXII