CLNO, IWEB & Extended Watchlist

Cleantech Transit, Inc. CLNO

New subscribers might not be familiar with CLNO, a stock that we rode for gains in excess of 5000% over a four month period this spring to early summer.

On Tuesday, we caught CLNO coming off of its 50DMA, and added it to our extended watchlist. After being as low as .12 at that time, it has managed to make higher highs and higher lows each day since.

Yesterday saw a high of .265 (+121%), and the stock closed strong at .26, just slightly below the HOD. As is usually the case when we see good momentum at the end of a session, we’ll want to keep CLNO on watch this morning for a continuation of the trend. We’ll need to see the stock test and overcome resistance at the previous swing high of .365, and from the look of the chart, there seems a fair chance of that occurring.

We can see the RSI is rumbling toward the power zone, and the MACD appears to be converging for a cross as the blue bars on the histogram prepare to flip up to the bullish side.

We’ve been following IWEB all week long, and yesterday the stock continued to make higher highs and higher lows, closing at the high of day. Similarly to the previously mentioned play, IWEB is currently sporting a chart with several indicators pointing toward bullishness. In addition to breaking above the 100DMA yesterday, the RSI is making its way towards the power zone, and the Accumulation/Distribution has begun to pick up.

The previous swing high of .0355 is going to be an area of significant resistance. Should it break past that point, there’s easily a shot that the stock could find its way back to the 200DMA around the mid-.04 range.

For those who need to refresh their memory, we’ve been following IWEB since Tuesday of last week, when we released a special report on the stock after catching it coming off of its 52-week lows.

Extended Watchlist:

IDVC, SNDY & Extended Watchlist

Infrastructure Developments Corp. IDVC

IDVC appeared in our extended watchlists on March 4th & 5th, being as low as .001 at the time. Over the past three days, we’ve seen some pretty solid gains from the stock, and yesterday it closed just one tick below the HOD of .0025.

A key aspect of this week’s breakout was the breaching of the 200DMA at .0016, and we’d like to see that level hold as support moving forward. With the noticeable volume and momentum increase, IDVC has garnered itself a place on our watchlists heading into next week.

BARCHART.COM is currently giving IDVC a “56% Overall Buy” Rating


Solos Endoscopy, Inc. SNDY

Within the first two weeks of trading in the new year, SNDY was as low as .0024. By the end of February, we saw a high of .0087, representing a 263% move in 2013.

Following that big run, there was a consolidation, and we watched the PPS slip back to a low of .0036, this past Wednesday. That level is higher than the previous low from this year, and support held above the 100DMA, a positive sign.

Yesterday, the stock opened at the low of day (.0039) and closed at the high of day  (.0055). That move broke through the 50 & 200DMA, and put the close at the 20DMA. It is the apparent strengthening of the chart that has us watching SNDY for its next leg up. A break of the resistance here at the .0055 area is key, and the next patch of resistance comes at a recent swing-high of .0087.


Extended Watchlist:

CNCT, MCET, & Extended Watchlist

Options Trading
We just wanted to give ourselves a pat on the back for Friday’s mention of the SPY 151.00 Calls. After observing a pre-market gap-up, we saw a consolidation in the first few hours of trading, which provided an entry opportunity in the .20-range. In the afternoon, the markets surged, bringing in heavy buy-side volume during power hour, sending the SPY to new daily highs into the close. The 151.00 Calls then closed at their high of day at .82. Possible gains of 300-400% were ripe for the taking, so we couldn’t resist pointing out another job well done on our part.

We will continue to monitor the SPY this week. With the momentum experienced into Fridays close, we’re looking for another possible gap-up this morning followed by a pullback and possible bounce.


China Teletech Holding, Inc. CNCT

Speaking of good calls, CNCT was caught on our pre-market volume scanner on Wednesday, and included in our extended watchlist as a result. It opened at a penny, only to rocket as high as the .47-range, before pulling way back to close at .081. On Thursday it went from .097-.194. Then again on Friday it ran it went from .17-.29, closing at .284.

This stock turned out to be one of the top performers on the OTC Markets last week, and a shining example of why we always stress the importance of monitoring all of our interests, even those that just appear in the extended watchlist. The EW, as we call it around the office, has yielded so many big gainers in the past, we can’t even begin to count them all.


MultiCell Technologies, Inc. MCET

MCET is another Extended Watchlist star that we caught for the first time publicly on Friday, though we have silently had it on our radar for weeks. We were waiting for just the right time to mention it, and Friday’s timing could not have been any better. The stock opened at .0035, dipped to a low of .0034, and closed out the session at its high of day (.0056), a gain of 70% on the day.


Marijuana Stocks also continue to remain at the tops of of our watchlists. Particularly: MWIP, MJNA, HEMP, GRNH, PHOT, ERBB___

Extended Watchlist:
SNDY, ZNGA, JAG, NOK, PMCM (Big Promotion)