VelocityShares Daily 2x VIX Short Term ETN (NYSE:TVIX)
Technical indicators still paint this fund as bullish, and we are still expecting to see it recover some of the ground it lost recently coming down from more than $100
It appears as if there is a nice level of support in the 50-52.00 range. If the fund dips down to that level again, we will go back into acquisition mode, as that is where we would likely see another bounce.
Godfather Media, Inc. ENKG
This stock, in the triple-zero range just days ago, is now searching for support as it consolidates down to the .002-.003 level.
Golden Spirit Enterprises Ltd. GSPT
GSPT has been as high as .03 as recently as September, and as high as .075 back in June. A return to those levels would mean gains anywhere from 300-900% from here, and it does now seem like the stock is waking up off of a bottom.
Yesterday, we pointed out the similarities between GSPT and ENKG, chartwise. We feel that with the possibility for opportunity ahead, we will likely be covering these plays through next week.