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5 Risky Names I’m Watching

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SPX futures are -25 after hitting a high of 4280 Friday. This active sequence has paid traders to buy dips and rotate between sectors. There's been a ton of participation. SPX took back over half of the corrective phase which was impressive.

Today, we'll see how we digest. The Oscillator hit +59 (overbought is +40). I'd think 4200-4220 holds this week if they want to keep this active sequence intact.

Now let's dig into some of the more speculative names on my radar:

GOEV has a decent lower-level chart pattern. Some of these types of names are working. I bought some Friday. It needs to hold $3.90. Above $4.30 and I may add.

DNA: I bought some last week and trimmed into the ramp-up. It needs to hold $3.20

PETZ had a few volume spikes. It needs to hold $2.40. See if it clears $3.17 on volume.

GROV: I bought some vs. the $4.60 area. Watch here for a volume spike.

BLUE was great from the $4.75 area to $7 Friday. I'm smaller but staying with it for now.

Scott's Positions Disclosure

 

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