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Blue Horseshoe Stocks: Mid-Week Review

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

Yesterday marked the third consecutive day that we had been tracking the JDST ETF, and the third consecutive session that we witnessed a northerly move. From an early low of 14.07, it would go on to attain a daily high of 17.42 on volume that exceeded the 3-month average by nearly 2M shares. That worked out to a solid intraday run of 24%

As measured from the low we observed following our initial alert on Friday morning (11.40) to yesterday’s peak PPS, the JDST has risen 53% overall.

As we’ve previously mentioned, due to the nature of the fund, extended success for the JDST is contingent upon continued hardship for gold, which continued to flirt with its 3-month lows yesterday.

Side Note:

By now, our regular readers are aware of our trading chatrooms*, which have have turned up prime opportunities in the past due to reader participation. Yesterday, we were treated to an excellent idea from ‘Tango’ in the form of PPCH:

Following this exchange, PPCH traded in a monstrous range from .006-.035, a 483% intraday rip!

Incidentally the company also has news out this morning:

MELBOURNE, Australia, March 11, 2015 /PRNewswire/ — Propanc Health Group Corporation (PPCH) (“Propanc” or “the Company”), an emerging healthcare company focusing on the development of new and proprietary treatments for cancer patients, today announced fresh new insights have emerged into the development and spread of carcinomas >> FULL PR

*Remember, any readers who’d like to get involved in our trading chats in the future can do so easily! For either the Premium or the free chats, simply add “stocksumo” as a contact on Skype and request access!

Extended Watchlist:
BLRX, ARCP, CYTX, ISR

Blue Horseshoe Stocks: JDST Review, Options Ideas & More

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

We highlighted JDST in Friday’s morning report, and on that day we observed a low of 11.40 following a gap-up. Bolstered jobs numbers and the continued strength of the dollar combined with a lag in gold prices fueled the beginning of what has turned out to be a solid run for this ETF.

Yesterday, it continued its uptrend, breaking through the 200DMA (14.46) and reaching as high as 14.50. That translates to a respectable two-session increase of 27%

We’ll be keeping a close eye on the spot price of gold which is currently holding support off of three-month lows, and urge caution moving forward. A significant rebound would effectively spell the end of JDST’s current momentum.

Vencor International, Inc. VCOR

We’re also taking notice of VCOR this morning on the heels of a premarket PR alluding to a massive 40% reduction of its authorized common stock. VCOR has recently been rebounding off of its lowest price in more than four months, and it’s possible we’ll see a continuation of that momentum as a result of today’s announcement.

Vencor Announces Reduction of 2 Billion Authorized Shares (Tue 8:30AM EDT)

Qihoo 360 Technology Co. Ltd. QIHU – Options Ideas

We’re catching QIHU in the midst of a morning gap-up today following the company’s post-market earnings beat yesterday. It’s leading us to formulate a couple of options-trading ideas that we’ll share with you now, along with a snapshot of the current chart to help illustrate the opportunities it presents.

The stock itself is coming off of a recently established 52-week low, which in and of itself is a phenomena for which we’re constantly on the lookout.

For a possible short-term swing trade opportunity, we’ll be monitoring the QIHU Weekly (03/13) $48-49 Calls. We’ll also be keeping watch over the 03/27 $50 Calls (Last Trade: 2.22) for a longer-term possibility.

Extended Watchlist:
DARA, INVT, BIOC, BONE

Blue Horseshoe Stocks: AXN, JDST Recaps & More

Aoxing Pharmaceutical Co. Inc. AXN

AXN emerged as one of the day’s most interesting plays following its inclusion in Friday morning’s premarket report. After briefly touching an early morning low of 1.15, the stock would go on to register a subsequent high of 1.63.

That works out to an intraday increase of 42%, and it came on roughly fourteen times the three-month average volume.

After a fairly strong close (1.49) in which the stock held well over half of its daily gains, AXN appears to be gapping up slightly this morning, having risen back into the 1.50’s. This type of activity is characteristic of a classic “momo play”, so we’ll have an eye peeled for AXN as things kick off today to watch for a possible continuation of that momentum.

Pervasip Corp. PVSP

When PVSP appeared in one of our daily reports in late January, we referred to it as a super-subpenny ‘bottom-bouncer’, and it has held to that description in the truest sense over the past several weeks. Less than two weeks ago, the stock was trading at the lowest possible increment (.0001), and toward the end of last week it began to ramp its way up.

On Friday, there was a Golden Cross of the 50DMA over the 200DMA, and PVSP traded as high as .0009, which marks a rapid jump of 800% over our recently observed low. In order for us to remain interested in this play, it will need to maintain support at or above .0005 on any pullbacks.

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

JDST made a modest yet notable move on Friday as well., This one also appeared on our extended watchlist, and we were pleased with its steady uptrend that lasted throughout most of the morning.

From an initial low of 11.40, the stock pushed its way to 12.60, a gain of 12%

Being a gold miners bear ETF, JDST saw this increase as the release of healthy jobs numbers and the Dollar at an 11-year high coincided closely with gold nearing a three-month low.

Extended Watchlist:
GEVO, AVEO, LBIO, OPXA, CTIC

Blue Horseshoe Stocks: New Options Idea & More

Vivint Solar, Inc. VSLR – Options Idea

VSLR caught our eye yesterday as the stock made considerable progress in coming off of a recent bottom, aided by Q4 financials announced Wednesday, post-market which came in better-than-expected.

In the midst of this rebound, we’ll be looking to possibly take advantage via the options chain. Currently, we’re interested in following the activity on the April 17th $11 Calls (Last Trade:1.30).

VSLR has a 1-year analyst estimated price target of 19.80, and is presently trading well below that range, thus it could turn out to be a stock that we continue to track over an extended period of time.

AVEO Pharmaceuticals, Inc. AVEO

We’re watching AVEO this morning; the stock broke above its 200DMA earlier this week and has been holding support above that level. Yesterday it underwent a gap-and-fade, ultimately finding support at 1.36. and that’s the level we’ll want to see it maintain on any further pullbacks today.

The main thing drawing our attention toward AVEO is the current chart setup.As you can see on the snapshot below, it is showing a strong RSI, a bullish MACD, and appears to be building toward an elusive Golden Cross; a relatively rare event for which we’re always keeping our eyes peeled.

Extended Watchlist:
ASTI, JDST, CRMD, MSO, AXN, GALE

Blue Horseshoe Stocks: JDST, CNET, TTMI & More

Direxion Daily Jr Gld Mnrs Bear 3X ETF (JDST)

JDST, for those of you who may not be familiar, is a bear index for gold, which has been taking a pounding over the past couple of months, as world economies have seen a general pickup.

Many analysts are predicting a protracted bearish run from the precious metal, for instance Goldman Sachs has forecast gold to decline to $1,050 an ounce this year. Still others believe a trip to sub-$1000/oz prices is in the cards.

Should gold continue its downtrend, JDST is one way to leverage against that, so we’re going to have this index on our radar from this point forward. It could stand to see further increases while investors are turning to other classes of assets which are currently boasting healthier returns.

TTM Technologies, Inc. TTMI

TTMI is hitting our scanners this morning as a potential bottom play. The stock made a run toward the end of Thursday’s session, and spent the day Friday under general consolidation where it came down to bounce off of support at 7.28 in the last hour of trading.

We’ll be keeping an eye in the activity here today, on the heels of this morning’s news of an acquisition that will make the company one of the world’s leading manufacturers of printed circuit boards.

COSTA MESA, Calif. and ST. LOUIS, Sept. 22, 2014 (GLOBE NEWSWIRE) — TTM Technologies, Inc. (TTMI) (“TTM”) and Viasystems Group, Inc. (VIAS) (“Viasystems”) today announced the execution of a definitive agreement under which TTM will acquire all outstanding shares of Viasystems >>> FULL PR

ChinaNet Online Holdings, Inc. CNET

Another stock that popped up during this morning’s scan falls more under the category of a momentum play; CNET made a big move on Friday, and from the looks of things we should be on the lookout for some of that activity to carry over into this week. The stock is presently gapping up in the premarket, and as always when we see this scenario, we are open to the possibility of seeing a potential dip-and-rip on the chart.

The company also announced today that it had won recognition at yesterday’s Chinese eCommerce Industry Gateway Conference in Beijing:

BEIJING, Sept. 22, 2014 (GLOBE NEWSWIRE) — ChinaNet Online Holdings, Inc. (CNET) (“ChinaNet” or the “Company”), a leading B2B (business to business) Internet technology company providing online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the People’s Republic of China, announced today that the company won the Best Company in Chinese Entrepreneurial SME Business Development Marketing at the 2014 Chinese e-Commerce Industry Gateway Conference. >>> FULL PR

PBR Options Trading Idea

Also, for a quick options trading idea to kick off the new week, we have possible interest in the October 3rd $16 Call, which closed at 1.29 on Friday.

Extended Watchlist:
TATT, DSS, RSH, CLX