Two for two yesterday for 50% and 56% respectively. +106% in total.
Quick look at markets as I started my scan today…
Looking to tally up another triple-digit day today applying JP Morgan’s Financial Professional Research Data.
| Ticker Code | Ticker Name | Ticker Industry | Price Change | Average Volume (50)* |
| NIO | Nio Inc – ADR | Auto Manufacturers | 24.66% | 30,456,008 |
| AMZN | Amazon.com, Inc. | Internet Retail | 20.40% | 5,451,243 |
| GHSI | Guardion Health Sciences Inc | Drug Manufacturers – Specialty & Generic | 2.13% | 8,629,915 |
| PIXY | ShiftPixy Inc | Staffing & Outsourcing Services | 44.79% | 767,572 |
| OAS | Oasis Petroleum Inc. | Oil & Gas E&P | 33.96% | 51,875,457 |
| PRTY | Party City Holdco Inc | Specialty Retail | 11.54% | 8,986,279 |
| ACB | Aurora Cannabis Inc | Drug Manufacturers – Specialty & Generic | 25.80% | 9,421,646 |
| KR | Kroger Co | Grocery Stores | 5.16% | 11,923,845 |
| VTIQ | VECTOIQ ACQUISI/SH | Conglomerates | 57.74% | 4,595,306 |
| JCP | J C Penney Co Inc | Department Stores | 0.00% | 27,091,392 |
| CETX | Cemtrex Inc | Electronic Components | 14.81% | 899,220 |
| GSX | GSX Techedu Inc | Education & Training Services | -25.03% | 6,075,296 |
| PTON | Peloton Interactive Inc | Specialty Industrial Machinery | 40.74% | 12,533,574 |
| OCGN | Ocugen Inc | Biotechnology | 9.68% | 6,131,124 |
| DELL | Dell Technologies Inc | Software – Infrastructure | 10.20% | 2,239,515 |
| AMRN | Amarin Corporation plc | Biotechnology | 46.02% | 13,866,340 |
| EC | Ecopetrol SA | Oil & Gas Integrated | 7.67% | 1,433,259 |
| XLNX | Xilinx, Inc. | Semiconductors | 10.22% | 3,043,369 |
| AKER | Akers Biosciences Inc | Medical Instruments & Supplies | 36.04% | 4,806,304 |
| MT | ArcelorMittal SA | Steel | -1.52% | 6,643,071 |
Overnight, Xilinx Inc (NYSE: XLNX) announced it would be enabling machine learning interference together with unlimited on-orbit reconfiguration for real time on-board processing in outer space.
This release itself gives XLNX an edge over its competitors; if they follow through on their statement, they’d be the first in the semiconductor industry to reveal a product of this nature.
I find this financial particular catalyst interesting as trading a catalyst specific to machine learning and applicable to space may raise some eyes amongst active traders (such as myself) who may be looking for catalysts unrelated to the coronavirus for a day or two.
Additionally, XLNX’s chart is about as easy-to-read as charts get. One look at this chart and I can identify my upside profit target and stop loss.
I’ll teach you expert technical analysis as we move forward, but for now, here’s what I see…
Shown in yellow in the chart above is XLNX’s 100-day simple moving average line, a support level I’ll be watching in the hours and days to come.
Should it hold that key support level, my upside profit target on this stock is straight to its 200-day simple moving average line, shown in white in the chart above.
Given XLNX’s multiple strong support levels right below its current trading range, I’m a bull on XLNX as of right now, and will be watching for any possible call option sweeps and/or dark pool prints (see video lessons I’ve sent you) to assist me in making a potential move.
If this lines up perfectly, maybe I’ll even wind up making the same exact move financial professionals at JP Morgan are making!
P.S. Remember Inovio Pharmaceuticals (NYSE: INO) from yesterday? It’s up about 20% this morning on Covid-19 vaccine news. If you missed it, here’s yesterday’s report on INO.
Yours for TrackStar trading,
Davis Martin
America’s #1 Premarket and Day Trader
Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.