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

Blue Horseshoe Stocks: Options, Bottom-Plays & More

New Options Ideas

After a relatively subdued half-day to close out the short week on Friday, we’re going to wipe the slate and start fresh today with a couple of options ideas. Based off of our initial scans and the premarket activity, we think each of these plays has the potential to help us start the week on a high note.

AngloGold Ashanti Ltd. AU – For this one, we’re attracted to the positioning on the chart, where, as you can see below, the stock has just begun to rebound off of its lowest PPS in roughly 9 months. Add that to some bullish premarket activity, along with a number of ripening indicators, and we’re very interested in the possibilities.

We’re going to be focusing in on the AU 1/20 $11 and $12 Calls, which gives us more than enough time to see the extended recovery we’re looking for.


_____

Cognizant Technology Solutions Corp. CTSH – Our interest was roused by CTSH in this morning’s routine scan, and it too is currently in a favorable position on the chart, coupled with an appreciable premarket gap-up which could lead to a strong session performance.

For this one, we’re going to be looking at the CTSH Weekly $57-60 Calls.


Lithium Exploration Group, Inc. LEXG

Here we have another prime bottom-play with LEXG, which has managed to put together a pretty good rebound off of 6-month lows over the past few sessions.

Currently trading at a low multiple around .0025, we’re looking at a stock that ran from similar levels to over .02 back in August. Even a fraction of such a move from current PPS levels would equate to sizable gain opportunities, so we’ll be putting LEXG on watch in the days and weeks ahead.


_____

CollabRx, Inc. RNVA – This one belongs in the bottom-bouncer category as well. RNVA is coming off of its recently established 52-week low, and appears to be geared up for a continued comeback. We’re going to have this one on close watch as well.


All-Cannabis Extended Watchlist:
AMMJ, TRTC, MJNA, MCOA, CNBX, HEMP, VAPE, AGTK, MJTK

Blue Horseshoe Stocks: Key Election Day Reminders & More

Starbucks Corp. SBUX – Options Update

On Friday morning, we suggested that the SBUX 11/11 $53.50-55 Calls
could be good for some solid opportunities if the momentum the stock had gained to that point managed to carry over into the new week. Of course, we followed up with a reminder of that fact in yesterday’s premarket report as well.

SBUX ultimately met our expectations and that range of contracts did provide some fantastic multi-bag intraday chances for our readers:

$53.50 Calls – Range: .49-1.32 – Max Gain: 169%
$54 Calls – Range: .25-1.00 – Max Gain: 300%
$54.50 Calls – Range: .12-.67 – Max Gain: 458%
$55 Calls – Range: .09-.40 – Max Gain: 344%

We won’t dismiss the possibility that further gains may be on the horizon for these weekly contract, dependent upon investor reaction to the unfolding events of election day.


Possible Bottom Plays

Sequential Brands Group, Inc. SQBG – This stock fell off a cliff last week, and we noticed the registering of a From-4 signaling an insider buy at the bottom. Yesterday the stock began to rebound, so we’re going to put it on watch as a potential recovery play.

Perion Netwrok Ltd. PERI – PERI has also recently been on a backslide but is regaining some ground this week. After a bullish session yesterday, the stock is gapping up in the premarket so we’ll have this one on watch as well.


CANNABIS SECTOR REMINDER: Apart from the volatility for the markets as a whole that the presidential election itself could certainly cause, we mustn’t forget what we’ve been shouting from the rooftops about the marijuana space for the past several weeks. Multiple key votes on both recreational and medical cannabis are on the ballots in many states.

The landscape of the industry is going to change overnight, and we aren’t going to miss out on the potential gains that will produce. We are effectively placing the entire sector on intensive watch until further notice.


Chatroom Call: International Consolidated Companies, Inc. INCC

INCC has gone on a heck of a run from .0007-.0025 after we tagged it in our traders chat on Friday, gaining as much as 257% so far.

We wanted to remind our readers that may not be aware- anyone can participate in our daily traders chat via Skype, where ideas like this one may come across once sessions get going. Simply send a contact request to ‘stocksumo‘ to get involved!


Extended Watchlist:
MJNA, TRTC, MCOA, MCIG, GRNH, GBLX, HEMP, AGTK, NEWC, UAMM, PNTV,