SPY Archives - Page 167 of 168 - Blue Horseshoe Stocks

Blue Horseshoe Stocks: MIXX Update, New Ideas

Mix 1 Life, Inc. MIXX

Amidst a rough week for the markets, a stock that we were tracking beginning on Monday August 3rd. We caught it as a bottom-play with the stock looking extremely oversold, just having recorded new 52-week lows, and it has enjoyed a heck of a recovery since then as we suggested it might.

Our observed low on this play from last Monday was .95, and as of yesterday’s high at 3.64, we’ve officially witnessed an increase of 283% in a span of just seven sessions.

Volume has tapered off a bit, but we’re still going to want to keep MIXX on our running watchlist. While its recovery thus far has been impressive, the PPS is still just a fraction of what it was as recently as 6 weeks ago, when it was trading in the $5-range. Ideally, we’d like to see support hold at or above 3.20 on any pullbacks in order for us to remain interested.

Possible Bottom-Play

Medizone International, Inc. MZEI – Catching our eye on this relatively quiet morning is another stock that has just logged new annual lows. MZEI fell off a cliff yesterday, tumbling from .095 to just over a nickel. We’re going to slate this stock as a potential recovery play; support prior to that epic beating was in the .07-08 range, so we’ll be on the lookout for a rebound back to that region of the chart.

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Possible Options Play

Direxion Daily Gold Miners Index Bull 3X Shares (NUGT) – This ETF has an options chain which is where we will look for trading opportunities, specifically in the NUGT Sept. 4th $5 Calls. Gold prices have enjoyed a steady climb for the past week; charts saw a reversal last Wednesday, and provided we witness a continuation of this precious metal’s rally, there could be some nice moves in those calls.

Extended Watchlist:
DSUS, CRGP, PPHM, SPY(Weekly $206 Calls)

Blue Horseshoe Stocks: Wrapping Up the Short Week

American Green, Inc. ERBB

As we prepare to adjourn for the long holiday weekend, we want to circle back to an alert we issued on Monday regarding ERBB’s status as a potential bottom-bounce play. The resulting action fit neatly into that category, and all in all the stock went on to log solid move for the week.

It began with an initial dip to .0037 Monday, where the rebound began to occur. Yesterday the stock registered a high of .0045; that hashes out to a solid three-session swing of 22%

With the stock closing at .0042 yesterday, maintaining a good portion of its advances, we’ll want to keep a spot reserved on our watchlist for ERBB. We’ll look for it to continue registering higher highs and higher lows, and maintain support at the .0037-.004 range, eventually breaking back above resistance at .005.

Pervasip Corp. PVSP

PVSP is an old favorite favorite of ours; we tracked it over more than a thousand-percent gain early this year, as well as a nice 66% intraweek swing at the time of our last mention in the 1st week of June. The stock has been heating up again this week, with the PPS cracking above the 50DMA (.0014) yesterday, and managing a strong close one tick above at its high of day at .0015.

We’re going to look for the stock to make a strong finish to this short week, and keep our ears to the tracks for the forthcoming acquisition update promised in Monday’s letter to shareholders. Apparently PVSP is putting the finishing touches on obtaining “a revenue-producing retail distribution company servicing the hydroponic and indoor grow facility market in Denver, Colorado.“ so we’ll be keen to receive further information on that when it becomes available.

Definitive Rest Mattress Co. DRMC

We wanted to recap the action on DRMC following its appearance in yesterday’s morning report. The stock executed a dip-and-rip pattern around midday that carried it over a range from .0027-.0035; an intraday move of +30% This occurred on almost 3x the monthly average volume, but in and of itself the volume was still relatively light. A pickup in buying pressure could really send DRMC for a ride, so we’ll keep watch for that, and for the stock to continue maintaining support above the 50DMA.

SPY Options Update

On Tuesday, we formulated an idea for trading SPY options on the heels of some market pressure caused by the uncertainty surrounding the current situation in Greece. We would look at 205.50-207 Puts and Calls until a trend was firmly established, and then determine our course of action. When the SPY found support above the 200DMA and began to rebound, that’s when we were able to identify the Call-side as the way to play, and the bulk of the action came in the $207’s during yesterday’s session.

There were multiple swings of significant magnitude which provided potential gains. First, from .90-1.26 (40%), followed by another from .75-1.00 (33%), and a third which ranged from .66-1.05 (59%). That worked out to a cumulative total of 132% for the day.

Extended Watchlist:
HNSN, PVCT, BLDP, NAVB, TSLA($275-280 Calls, watch for dip-and-rip)

Blue Horseshoe Stocks: Options Ideas, Bottom-Play & More

Kraig BioCraft Laboratories, Inc. KBLB

Despite an overall lag in the markets yesterday, due in part to the Greek financial crisis, KBLB did manage a brief surge right out of the starting gate. We tagged it for its attractiveness with regard to its positioning on the chart as well as the interesting news that was released; the company claims to have synthesized a material which is stronger than spider silk. (>>View PR)

The stock traded in a range from its opening price of .0365 up to a high of .05 inside of the first ten minutes, which marked a 37% rip.

While KBLB failed to maintain that early increase, the nature of yesterday’s news alone will cause us to reserve a spot on our watchlist for this play. If the company has indeed developed a super-material as they’ve described, it could ultimately be a game-changer in everything from the medical field, to space exploration, and nanotechnology.

Viscount Systems, Inc. VSYS

VSYS it hitting our radar as a potential bottom play with a potential news catalyst hitting presswires this morning.

VANCOUVER, BC / ACCESSWIRE / June 30, 2015 / Viscount Systems, Inc. (“Viscount”) (OTCQB:VSYS), a software company specializing in physical and logical security solutions, today announced that it has fully retired a convertible note held by Vis Vires Group, Inc. The convertible promissory note was issued to Viscount on March 30, 2015 at a principal amount of $169,000 bearing interest at 8% per annum and was used to resolve short term liquidity issues. >> Full PR

New Options Ideas

There’s a fair amount of uncertainty with respect to how the markets will react to the ongoing fiscal turmoil in Greece. They appear to want to rebound this morning, but it could be a false positive. It leads us to a familiar scenario, where uncertain conditions open avenues of opportunity to intuitive traders.

What we’re going to do is sit on the fence and observe SPY 205.50-207 Puts and Calls to start out with, and decide where the action will be once the overall market sentiment has been firmly established. It’s a strategy that’s served us well in the past.

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We’re also going to be monitoring JUNO $60-$63.50 Calls as the stock is gapping up heavily in the premarket.

Extended Watchlist:
AMD, AEZS, LBIO, DSKX, SFUN

Blue Horseshoe Stocks: Wrapping Up Another Great Week

The Priceline Group, Inc. PCLN – Options

After honing in on PCLN options last week as the Expedia/Orbitz buyout was calling massive attention to the sector, we were able find significant gain opportunities. This week, we were treated to continued upward momentum courtesy of Priceline’s earnings release, and the chances to profit have once again been plentiful.

Yesterday morning, we formulated a daytrading idea to watch Weekly PCLN Calls in the $1180-1225 range, and we were not disappointed in the price action that followed. Any of the contracts in that range would have served traders well. :

At the low end of the spectrum the $1180’s traded in a daily range from $24-42, an intraday increase of 75%, while the action closer to the money, like the $1220 Calls, was even more intense. As you can see on the screenshot below, there were multiple swings in those contracts. They first dipped to a low of 3.35 before exploding to 8.30 (+147%) followed by another pullback to 4.00 and a subsequent run back to 8.80 (+120%).

Ascent Solar Technologies, Inc. ASTI

Another big performer from yesterday’s pool of tracked stocks was ASTI. After tagging it in our premarket extended watchlist the stock registered an early low of 1.36 and ran hard in the last hour of trading, touching a high of 2.08. That represented an intraday increase of 53%, and it came on roughly 16x the 3mo. average volume.

CollabRx, Inc. CLRX

Also standing out on yesterday’s report was CLRX, which ran hard out of the gate and made an initial move from 1.67-2.74. That worked out to a spike of 64%, also on heavy volume.

Side Note:

After so much upward momentum, the overall markets could be looking at a pullback today, and even amid a hefty downturn there should still be options opportunities on the table. If that is indeed the case we may be taking a look at potential trades of SPY $210 Puts, or $22 UVXY Calls.

Extended Watchlist:
CRC, MEIP, CLSN, EPRS, SAAS

Blue Horseshoe Stocks: Options Review, MKHD Recap

Reviewing Friday’s Options Calls

First thing today, we’d like to rehash a portion of Friday’s report that we didn’t get a chance to discuss yesterday. Our regular followers will recall the added note we included regarding a few options trading ideas we were considering. As a result of favorable jobs numbers released that morning, we pointed out our interest in trading Calls in SPY, AA, ISRG, & GPRO.

Regardless of which selection one used to take advantage of the trend, it was met with potentially lucrative results. The dip-and-rip pattern we were on the lookout for showed itself across the board. For example, one of the biggest standouts out of the bunch were the SPY $195 weekly calls had traded as low as .52, and made it to roughly 2.00.

Moving forward, we’ve got another set of options to monitor. One of our favorite options trading cash-cows this year has been PBR, and yesterday the stock had a big bounce following last week’s selloff. As a result we’re going to radar November $16 Calls, and see if we can once again use PBR to our advantage as we have countless times already this year.

Mount Knowledge Holdings, Inc. MKHD

After a significant performance following our first mention of MKHD (Range: .042-.085 +102%) the stock has done a good job of maintaining higher levels of support, and we just wanted to re-state why we are so keen to follow this light volume trader.

The thing that mainly drew us to MKHD last week was the PR the company released regarding its acquisition of cyber-security firm Civergy, Inc; an outfit which generated revenues in excess of $35M last year. Further details of the deal were released in an 8-K on Wednesday, and we’re anxious to see what kind of lasting effect the merger will have on MKHD.

Extended Watchlist:
GTAT, GSAT, BCLI, ISR (Bottom Play)