Tag: SPY

Blue Horseshoe Stocks: MZEI, SPY Recaps & More

Medizone International, Inc. MZEI

Continuing our recent good fortune with selecting stocks ripe for a rebound off of their 52-week lows, we listed MZEI as a point of interest in yesterday’s premarket report.

We want to quote what we said verbatim, as the stock’s performance so closely coincided with our expectations. We stated: “MZEI fell off a cliff yesterday…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.”

As the session commenced, MZEI gapped up just past that .07-mark to .07225, and proceeded to run promptly to a daily high of .09, a 25% intraday move, and held a good portion of those gains into an eight-cent close. We’ll keep this one on our radars to watch for the possibility of a sustained rebound.

ETF Options Recap

Both of our options-trading ideas for ETFs worked out nicely yesterday:

Direxion Daily Gold Miners Index Bull 3X Shares (NUGT) – Our idea of tracking the NUGT Sept. 4th $5 Calls yesterday provided a significant chance for traders to make a double-bagger, as they rose from .27 to a high of .55, marking a total possible profit of 104%

*Side Note* We spotted abnormal volume in the NUGT 09/18 $5-7 Calls during yesterday’s session, so we’ll tag those for observation in coming weeks. NUGT is dipping back in the premarket today, which could provide us with a good buying opportunity.

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SPDR S&P 500 ETF Trust (SPY) – We flagged SPY Weekly $206 Calls in our extended watchlist yesterday, and were instantaneously rewarded. Those contracts ran hard, jumping from a low of 1.08 all the way up to 3.24. That was good for a nice, round, 200% jump on the day, so congrats to any of our readers who took advantage of the heads up!

Eleven Biotherapeutics, Inc. EBIO

We also want to observe activity in EBIO as we head into week’s end. On Wednesday, they provided an update on one of their clinical trials, and this morning they’ve got an earnings drop (Links Below), leading to another premarket gap-up. We’ve pointed out the key aspects on the following chart snapshot, including the fact that an normous gap exists, the fillinf of which could mean significant added gains.

Extended Watchlist:
PLNR, OHGI, IMUC, CGRA(Marijuana News)

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)