Tag: SPY

Blue Horseshoe Stocks: Friday’s Movers, New Ideas & More

Friday’s Notable Moves

Each of the following plays exhibited appreciable upswings on Friday afternoon after having appeared in our reports for the day and days prior. We’ll have each of these stocks on watch for the possibility of continued momentum this morning:

Nate’s Food Co. NHMD

NHMD covered the most ground as it traded in a range from .0019-.0035 on Friday, running 84% intraday and closing at the high of day on volume to the tune of well over five times its 3-month average. We’ll certainly have an eye out for further activity as we open things up on this holiday-shortened trading week.

Guided Therapeutics, Inc. GTHP

We latched onto GTHP early last week and would see a nice little two-day run from the stock to finish it out. Our observed low came on Thursday at .0102, which gave way to a subsequent high of .015 on Friday, marking an overnight increase of 47%

Sparta Commercial Services, Inc. SRCO

SRCO was a steady climber on Friday which traversed its way from .0025 to .0031 over the course of the day, which represents a modest yet notable 24% rise. It too qualifies for sustained monitoring as a possible momentum play, having closed at its high mark for the session.

ProGreen Properties, Inc. PGEI 

We want to put PGEI on our radars this morning as well, not only for the momentous session it had on Friday, but also due to the content of the PR released by the company early this morning.

Following up from a release they put out in January, the company announced the completion of a joint venture agreement that puts them on track to develop a 300-acre property of proposed farmland in Baja California, Mexico in time for this year’s growing season. We’ll be interested to follow along for further updates on that project as well as watch the chart for short-term opportunities.

SPDR S&P 500 ETF (SPY) – Options Idea

On Friday the markets enjoyed the biggest single-session rally since 2009. With oil rebounding as well, and the S&P having demonstrated a definitive reversal over the past couple of sessions, we’ll want to start the week off  monitoring some SPY Options. Our target area is going to be the SPY Weekly $188-191 Calls.

Extended Watchlist:
SMFG, PGH, ETE, CSIQ, RMTI, BFGC, GBSN, XBIO,

Blue Horseshoe Stocks: SPY Calls, Bottom Bouncers & More

Fresh Options Idea

SPDR S&P 500 ETF (SPY) – The SPY is one of our favorite funds to take advantage of when market conditions permit, and based on the general atmosphere this morning after crude oil’s impressive rally yesterday, we definitely want to signal a range of contracts for tracking.

We’re specifically looking for the heaviest activity to fall within the SPY Weekly $187-191 Calls*, with the SPY trading in the $189-range here in the premarket. If we do see a dip to start the day, we’ll need the subsequent bounce to occur above that $187-level for this idea to remain valid.

*Don’t forget that trading weekly options contracts on a Friday is an inherently risky proposition, as they are on the verge of expiration. It can, however, be a chance for experienced traders to take advantage as premiums dissipate and volatility increases. 

Decision Diagnostics Corp. DECN

DECN was included in our pool of interests from yesterday’s premarket report, and the stock went on to put up a respectable performance.

From a low of .15, DECN ran as high as .24 for potential intraday gains of up to 60% and the move happened with the aid of roughly nine times the monthly average volume.

TubeMogul, Inc.  TUBE

There have been a couple of events that have TUBE flirting with new relative lows this week. A nominal amount of insider selling seems to have coincided with some  third-party content in its news feed casting the stock in a disparaging light.

Events like these awaken the bargain hunters within us. The stock is approaching previous levels of support as we’ve pointed out on the chart below, so we’ll be monitoring for a possible reversal to occur in that channel in forthcoming sessions.

Synergy Resources Corp. SYRG

We’ve noticed SYRG trending up off of its own recent bottom over the past couple of sessions, and we like the overall look of the chart and the strength building therein. We’re looking for this stock to record higher highs and higher lows and continue to build momentum.

Extended Watchlist:
BLDP, NESC, EKSO, SPDC

Blue Horseshoe Stocks: STZ Update & More

Constellation Brands, Inc. STZ – Options Update

Our attention was drawn to STZ yesterday morning, because while the market in general was lagging, STZ was going against the grain with a premarket gap-up. We wanted to signal some calls in the STZ options chain that we felt would provide the chance for quick-strike profits, and ultimately settled upon STZ 01/15 $135-150 Calls.

Our idea turned out to be spot-on, with every set of contracts in our target range making appreciable intraday moves:

$135 Calls – Trading Range: 8.90-17.00  – Max Gain: 91%
$140 Calls – Trading Range: 7.30-13.40 – Max Gain: 84%
$145 Calls – Trading Range: 3.40-7.45 – Max Gain: 119%
$150 Calls – Trading Range: .95-3.90  – Max Gain: 311%

As we can see from those numbers, the heaviest action obviously fell at the high end of our specified range, and from this point on, we’ll be continuing to monitor the $150 Calls as well as possibly rolling up to the $155 Calls based on the gap-up we’re now seeing in today’s premarket activity.

Carolco Pictures, Inc. CRCO

It was just a couple of days ago that we were giving ourselves a pat on the back for putting CRCO on our radars back in mid-December, allowing us to witness the run it made earlier this week from .0011-.0054 (+391%).

Yesterday, the stock mananged another big intraday spike which carried it to new highs and increased our observed range on the stock considerably. From an early swing low of .0037 CRCO surged 170%, up to a new high of a penny. It marked an overall jump of  809% over Monday’s low.

Sunshine Biopharma, Inc. SBFM

SBFM is another play we’ve been tracking this week that has gone from subpenny to penny prices in a heartbeat, and it too set new highs during yesterday’s trading session.

The stock ran 85% intraday from .017-.0314, and that newly established high extended our overall observed range on SBFM  from its low of .008 on the day of our initial alert on December 29th, to a whopping 292%


Fresh Options Idea – Based on this morning’s market activity we want to radar SPY Weekly $194.50-197.50 Calls for possible day-trade opportunities.


Bottom Watchlist Addition

Yesterday we put four stocks on bottom-watch, and we’ve got another potential bounceplay to add to that list. In this case the rebound may be forthcoming, as premarket activity suggests so we’ll keep a close watch over   Sandridge Energy, Inc. SDOC which absolutely fell off a cliff yesterday.

Extended Watchlist:
RLTR, MJMJ, DDCC, LEGX