Tuesday, September 22, 2020

[Watchlist] Market Divergence Plays on Tap

RagingBull Elite

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Edward Lance lorilla,


Headlines are saying we're on pace for the worst September in 10 years. 


Makes it seem like there's only direction to be in these markets— short.


But yesterday, while most traders woke up to red, Jeff Williams bagged a big Weekend Wiretaps win. 


How?


By capitalizing on market divergence.


See, no matter what direction the broader market is moving, there's always something worth being long on. 


And that applies especially to Penny Stock Land—which JW hangs out in. 


We see lots of stuff there moving independent of the overall market. 


Like Onconova Therapeutics (ONTX). 


On Friday, JW saw that it was the #1 most active stock under $1 that day. 


It was up at least 15%, so it looked like a savory opportunity to go with the momentum. 


No doubt, the stock had been beaten down by news of an unsuccessful drug trial. 


But it had been consolidated into a rounded-bottom formation. 


Investors had had time to reevaluate the stock and priced-in the failed clinical trials.


And that was just enough for a breakout... 



Jeff proceeded to take initial profits on Monday in the pre-market.



And he scaled out of the remainder just fifteen minutes after the open. 



Now, irregardless of what the market does over the next few days, JW is looking for stocks to be long on.


What specifically is he looking at right now?


Alternet Systems - ALYI


  • Company is an electric motorcycle manufacturer


  • Recently announced an LOI for a new order up to $20 mil


  • Expects to increase its revenues from $300 mil to $500 mil


  • Has been on the move lately with a continuous news flow + overall EV hype


  • We're buyers against $0.016 with a target of $0.05



Strategic Asset Leasing - LEAS


  • Entered into LOI to acquire cryptocurrency mining centers


  • Secures development contract with a recently launched California-based cannabis company


  • Caught our attention based on volume and technicals


  • We are long and will stay long above 0.0035 with a price target of 0.007



AcelRx Pharmaceuticals - ACRX


  • Company announced that its FDA-approved drug for pain-management, DSUVIA, has been to DoD's Joint Deployment formulary


  • Shares are seeing a steady bid in the sessions after the announcement having travelled from $1.1s to $1.8s


  • No trade for us just yet, but we're interested in all dips and consolidations over the next few days, assuming shares $1.5 or higher





Want to see how JW potentially rides one of these stocks in his next Weekend Wiretaps play?


Check out his Weekend Wiretaps trading service here.


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