Portfolio updates and hot penny stocks

Watching CRGE and BCEL Friday afternoon

Author

Jason Bond
January 12, 2024

Good afternoon,

MDAI was the big winner for me so far this morning, in at $3.09 and $2.94, out at $3.27 and $3.61 into that breakout.

Right now there’s a few small stocks that look hot into the close.

CRGE could be exciting into the close if it can hold $.23 support. Upside is $.33 which it hit around 10:30 AM ET.

BCEL is very strong too. Let’s keep an eye on this for a move to $.50. I’d say the base trade is $.37 so that range down to $.35 would be the stop if momentum fades.

I added some KITT and my average is $.525. I’d like to sell this today if it pops around $.60, maybe $.70 if it gets going.

PRZO didn’t work so I cut that loose today after a week of looking for a bounce.

Call options on PINS and SNAP look fine. The setup is similar to the CCJ breakout today, which we talked a lot about in chat. I think CVNA can be cut loose before the close though.

Still holding a big position in long-term LQMT. I buy and sell around my core position without notice. There are 3 active catalysts here and if any rise to the surface I’ll bring it to your attention.

IWM is choppy lately. Earlier this morning after good inflation data is sure looked like an inside bar breakout above $196. It was above the 10-day EMA and ripping, then it lost momentum. Let’s watch that 10-day EMA.

QQQ' is just off a $413 breakout and I think that’s coming. But after 5-days of rising, I don’t think today will be that day. So more chop there.

I’m starting a new $2,000 balance in Journey this afternoon. To get the watchlist, education and alerts JOIN NOW.

In Jason Bond Picks the main thing we continue to watch is the IWM 10-day EMA. Soon as price controls that line it’s go time. Until then small positions and selective trading, like the win in MDAI this morning.

Jay

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