Jason Bond Picks Millionaire Roadmap | Friday’s watch list (April 27)

I took a small -$261.59 loss Thursday, mostly on some TSLA calls I traded in the Millionaire Roadmap.

Jason Bond Picks Millionaire Roadmap
Jason Bond Picks Millionaire Roadmap

Bitcoin is popping Friday morning so the usual suspects DPW, RIOT, NETE, TEUM and MARA are on watch. Here’s a full list of the bitcoin small caps I watch when bitcoin is making moves.

Looks like we could have a big day in the market Friday after AMZN crushed earnings and first quarter US GDP, which just came out a few minutes ago, blew past estimates. I felt like it might be a strong market Friday which is why I carried 5 swing trades overnight. Let’s break these 5 stocks down real quick.

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DXR and HTGM are rounding patterns that look very similar to the J Hook or oversold chart pattern, however neither RSI is below the 30 line, making it more of an oversold setup inside a longer term continuation pattern. I love taking shots at stocks like this because they’re often packed with shorts who tend to cover into weekends to avoidMonday press releases. Both have a recent history of consistent huge spikes too.

LEDS was the same pattern as DXR a few days ago, until it shot up like a bottle rocket from about $3 to $5. I’ve been playing this one a lot and made nearly $12,000 on it recently. Now Wednesday and Thursday it’s made big moves at the open, so Fridayshould be the same. I’ll do exactly what I did Thursday, adding size near the open if I think it’ll pop and looking for my typical 5-20% on the way up.

LLNW and VTVT are Fibonacci retracement continuation patterns from my lessons. Shares of LLNW broke above the recent high Thursday suggest a move to the middle $5’s, or if really lucky, $6ish, could happen today. VTVT has huge range if it wants to run again Friday, I’d say to $3ish if it really gets going, I may add 10,000 to this one today looking for a middle $2’s move.

NEW long-term report on LQMT

No updates on long-term ROX, still thinking buyout after the Patron takeover. I will keep you posted if something material comes up.

APRN – Shares moved higher Thursday, ahead of earnings next week when Mr. Wonderful, Kevin O’Leary picked it on CNBC as a takeover target. I believe he’s right and might take 10,000 shares long-term today, which means I’ll hold through next week’s earnings.

“Having gotten close to that industry, getting involved with Plated, which was acquired by Albertsons … I thought, I know this space,” O’Leary said after the draft. “Blue Apron can’t survive on its own and it’ll get acquired, and I’m thinking the acquisition price could be between $4 and $5.” ~ Kevin O’Leary

HEAR – Been trying this one on and off all week and might take another stab at it today above $5 with a tight stop loss. This is a momentum stock and not for beginners. I’d say it’s in play above $4.80 looking for a breakout above the recent high of $5.75, which would trigger a squeeze. Goes up and down fast, so take those profits when you have them.

Finally HMNY showed signs of spiking Thursday, no doubt a result of it being heavily shorted. I’m not a huge fan of the stock right now but will say, if it were to make a 10-20% run, today is likely to be that day given shorts might bid it up before the weekend. In play above $2.40, looking for $.20 – $.30 / share on the way to the upper $2’s.

[Ed. Note: Jason Bond runs JasonBondPicks.com and is a swing trader of small-cap stocks.  In 2015 he earned a 180% return on his money. Then in 2016 he turned a $100,000 account into $430,000! Discover How He Did It]