One of our greatest trading weeks yet last week. We missed DRYS on the run up however we alerted SHIP $2.10 before it ran immediately on Monday up to over $8 a share! We hope many of you were able to take advantage of these insane gains! Remember if you wish to thank us for a particular alert we accept donations on the left side of the site.
Forex Play
SHORT EURUSD at 1.05
Technically strong short alert, huge positioning and signs pointing downwards.
Stock Picks This Week
EYEG (Eyegate Pharmaceuticals) Undiscovered specialty clinical-stage pharmaceutical company focused on treating eye disease, with a recent hyper bullish alert from our systems we see high possibility for a pop. Volume has been impressive in the last trading days pushing the stock up to $2.00 a share before depressing down to $1.50. With a hugely promising pipeline and positive FDA news we see a big move up on monday and through the week in addition to being a smart longer term hold due to balance sheets.
Buy recommendation under $2.00
Cryptocurrencies
XMR still pushing upwards since alert, and we will continue this play.
We're also keeping an eye on XRP as it has returned to normal levels and should be a safe buy here.
Sorry about the short break from stock picks and forex plays, the election did indeed bring unexpected volatility especially towards the USDJPY pair.
We're back in business with some excellent plays this week.
Forex Play
LONG AUDJPY at 80.393
Technically strong buy indication and longer term lift.
Stock Picks This Week
SHIP (Seanergy Maritime Holding) A Greece based shipping company, we're jumping right into this sector as other Greece based shipping companies are seeing huge price appreciation. This should be a powerful bounce-back play as support is solid near $2.00, and with low float we can easily see a quick rally to nearly $7 which happened recently back in August. Keep careful eyes on this company at market open and look to establish a position over the week.
Buy recommendation under $2.10
Cryptocurrencies
XMR has undergone further stabilization and yet again looks ripe for a price jump, DGB has been pushed down towards 43 and buying a large amount at this price has to be enticing to investors, we'll keep watching these two over the week.
Greeting traders, we're taking a break for this week due to planned vacation and risk aversion due to the election.
We will be back next week with more Forex plays, Stock picks, and cryptocurrency plays.
USDJPY and GBPJPY climbed through our alert as expected, however traders seem wary to create big positions at these price levels, this points towards a strong move coming soon. Our GENE stock pick continued to drop and we recommend averaging down here at 1.30 with a very tight stop, and recommend no more trades if price further declines past 1.00.
WFD (Westfield Financial) is looking stronger as volume increases at a steady rate, we see this as a solid longer term swing trade option.
Forex Play
LONG USDJPY at 104.4
Technically strong buy indication and further continuation.
Stock Picks This Week
CVRS (Corindus Vascular Robotics) We've identified another high value biotech here, CVRS which was beaten down last week on great trial news, we see this as a large long term institutional holder exiting their position for no significant reason. This would be a perfect time to establish a position depending on sentiment throughout the coming week.
CVRS appears extremely strong right now with little debt and enough liquid assets to settle all debts and then some. This coupled with strong pipeline news and continued careful management points towards a really strong end of 2016 run and positive movement throughout 2017 for CVRS.
Buy recommendation under $1.00
Cryptocurrencies
Bitcoin breaks out cruising up to $710! Congratulations on all cryptocurrency investors.
We see further action here as high price drives visibility to the industry.
XRP and XMR looking strong as well. We recommend keeping an eye on DGB as price has declined to very attractive levels.
