WL 10/31/16

The Week Before The World Ends

Back in August, I expressed concern over holding blue chip and groth stocks into late October, and recommended a protective liquidation of securities in late September- Early October. We are now seeing the market getting very rocky, and It's safe to say as we get closer to the elections that it will get even rockier. Nonetheless, there is always money to be made on the market, so lets look over a few possible plays.

NVCN- Technical weekly breakout, with a high of $0.8178. Closed at $0.785. Watching for continuation over $0.80 for this continued upward action. $0.88 is a very strong historical pivot to watch out for.

AMRS- Collaboration deal on Friday, and the price did not react much to the news. Monday is day 10 to hold above a dollar for compliance. If holds $1.00 on Monday, we may see the next leg up coming throughout the week. $1.20 is the big level to break for the movement to the next price channel of $1.20- $1.40.

AMCC- Good earnings Friday sent this up nicely. Closed near HOD. Could see a continuation upwards if $7.00 can hold as new support. A break of $7.20 will indicate strong upward momentum. 52W high $7.68.