BIG PICTURE:
As I have been harping on and on, the overall markets are still in healthy up trends! All of the indexes look set for slight gap ups at today's open with the $QQQ just a few points away from breaking into new all-time highs. So, I remain fervently long biased and will continue to favour watching and trading long ideas over short ideas.
MY BEST IDEAS:
$PINS
Looks poised to break into new-all time high territory with the $QQQ's today after a power earnings gap up on Friday and multiple analyst upgrades today. Its float: 399.50m, short float %: 7.00%, ATR: $1.80 and Avg. volume: 15.46m. I am long biased on this stock and will be looking for it to at least test its all time high today.
$SPCE:
Looks set to gap out of a daily flag today. While they did announce some news this morning; it doesn't appear to be a significant catalyst. However, with a float of just 106.63m and short float% of 36.35% and ATR of $1.89 this stock can be explosive today as it has shown it can be in the past. So I'm obviously long biased on this stock today and will be looking for it to get up to $25/$25.50 today.
$CODX:
Broke out of a text book cup with handle on Friday and looks poised to continue higher today. Outside of this stock being a corona play I can't see that it has a fresh news catalyst. Notwithstanding, this stock has a float of 24.28m, short float$% of 24.69 and ATR of $1.71 so it clearly has the potential to be very explosive when it gets going as it shown several times in the past few months. So I'll be watching it today for potential long plays.
OTHER POSSIBLES:
$BILI, $PLUG
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