Opportunities

BUY ARM $7.83

ARM breaking from high and tight pennant with good volume to support the break. First target is $9.50.

Equity markets trading rangebound right now with a slightly bullish feeling to it. Here are some stocks on my watchlist: ABR, ACAD, AHR, ALY, CCOI, CLNE, FSIN, GSS, HBAN, HIL, IO, JTX, KNOT, OEH, ONNN, OVTI, PDS, PSUN, SONC, TSCM, UTA, VISN, ICE (SHORT), SNDA (SHORT)

On my watch is also shorting the US$ as it has strengthened over the last week. It has retraced back to the 23.6% ($1.0883) from the move early July down to early August and looks to be forming a powerful reversal doji, where I think it may weaken here. Will be watching over the next few days for confirmation before trading it.

My SGY and SD picks are looking good and performing well today, up 5.6% and 8.2% respectively.

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