Watchlist for 8/16/23 From Ed

by | Aug 16, 2023

Well, it appears TD is moving accounts to Schwab this morning and I am currently unable to trade but assuming that is resolved this morning there should be some really good opportunities. Yesterday was a crazy busy day in my price range, but I was at the waterpark with the kids and missed the second half of the day. Will be watching a couple of the tickers that were moving yesterday for continuation or failed follow through and a couple new ones.

TTOO was a perfect daily breakout chart, but as is often the case I got myself too caught up in the intraday swings to really profit from it and ended up doing better on the short side when it got carried away. Gapping up this morning, will likely be similar intraday as it has been so I won’t trade it much but will mostly be looking for exhaustion moves to short.

NVOS another one up from under 0.10, had a nice little run yesterday and then really ripped in after hours. Will be watching this one for continuation, expecting a weak open and then will see if it can hold.

GSMG is up this morning on $20M investment at $2.40 a share according to the PR. It’s a Chinese stock, probably will be pretty volatile, gave back a bunch of early gains but it still holding about 40% green as of 8:30. Looks like it could do the full round trip but if it holds here could easily see $1+ again. Will be watching for dip buys if it holds up into open.

SONN gapping up this morning on FDA news. I think this one is likely to be my top watch at open looking for dip buys and ideally a break above premarket highs. 

MULN was a nice trader for my style yesterday, nothing crazy but several really predictable short term pivots that added up nicely. Would have likely continued to rack up small wins on this one all day had I been around. 

DTIL gapping up on news of selling a portion of their portfolio of gene editing therapies or something like that. Has slowly faded all premarket and given back most if its gains but will be watching just based on volume and price range to see if it sets up in either direction.

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