Sunday Watchlist, August.11

OSTK. We covered this last week at $21. Still looks very bullish. If you are just jumping in now, look to only buy 1/2 just in case it goes lower. That pivot point could cause some resistance, but if it breaks through that wall on heavy volume, look to add

VST. They beat analyst expectations in their most recent quarter earnings. Fortress Investment Group LLC has allocated 39.56% of their portfolio to the company. This is purely a hedge fund play. Longer term hold. Don’t enter just yet, just watch. You could go pretty big on this one depending on your risk tolerance. It’s still risky though

TVIX
Volatility is skyrocketing. Definitely a nice stock to keep on the watchlist. The triangles intraday work great when this is running. Risky though, not or the faint of heart. Probably better you have some trading experience

NUGT and JNUG look great. Gold is hot right now

CLDR, CBIO, and PYX still look like good contrarian plays. You can refer to last weeks watchlist for more details.

That’s all for now folks. Good luck!

All chart images courtesy tradingview

***Disclaimer*** THESE ARE NOT BUY RECOMMENDATIONS. THIS IS SIMPLY FOR EDUCATIONAL AND/OR ENTERTAINMENT PURPOSES. YOU SHOULD CONSULT A FINANCIAL ADVISER BEFORE BUYING ANY PUBLICLY TRADED SECURITY. WE ARE NOT FINANCIAL ADVISERS.

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