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Park Next to This Ebola Setup This Morning

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After a sharp shakeout in recent weeks, protective gear maker APT put in a strong session on Friday.

On the 30-miute chart, below, note the coiling price action.

A move over $3.40 should see momentum trader pile back in for at least a quick pop, if not more.

Which stocks are at the top of your watchlists this morning?

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APT

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Night Owl Open Forum

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For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.

In addition, anything else about the current market, feel free to drop below.

Speak your mind, night owls.

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Late Night Strategy for Monday

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With beaten-down miners getting a sting bounce late-last week, perhaps the heavily-shorted laggard Westport Innovations in the clean energy space will follow suit this week.

On the daily chart, below, you can see the potential base bottom. A move over $6.30 likely sets the squeeze in motion for a potential 50-day moving average test. I would not be too aggressive in anticipating the breakout, though, as we are still dealing with damaged goods here, meaning a chart in a clear downtrend.

Drop me your top tickers overnight.

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WPRT

 

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SCOTUS to Reconsider Drugs

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With the Supreme Court to hear the Obamacare subsides case, WLP UNH are getting hit hard today.

I view both as potential shorts here, especially given their prior run-ups.

In addition to the good news likely being baked in for now, the market must now wrestle with the indecision/known unknowns arising from the prospective SCOTUS ruling.

I view others in the space as shorts, too.

What are your top final hour trades?

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Banjo Boy’s Revenge

The coal miners, as well as the precious metals’ and global materials like CLF, are sustaining bounces for the first time in a good long while from extremely beaten-down conditions.

The Banjo Boys from down south, as well as Agent Starling’s one-generation-removed-from-po’-white-trash-in-West-Virginia, have been the butt of many a joke in recent years for failing to put in any type of good low.

But, into year-end, recent shorts may find that the joke is on them. Note that many of these miners are very heavily-shorted, which is great on the ride down but can also lead to vicious, snapback rallies.

I am starting out with some light positions in the coals and other miners. However, if the bounces hold into next week I will consider building positions.

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