Early Morning Watchlist.
Wow…what a crazy day with FNMA and FMCC yesterday. I sent out this email here explaining how peeps need to be in chat. Booked over $40k gains yesterday on FNMA alone.
Yesterday’s watchlist I nailed FMCC/FNMA, can be seen here..
Trading opportunity is not over with these two, still well off highs from yesterday. I think it can see a bounce back into the $1 range and then a slow sell-off over the next couple weeks as momentum, volume and volatility wades off.
Hard mailers confirmed, APS play. They did a nice little shake yesterday to .30, and back up to .34 for the close. I think if this one breaks .35 it could be a good swing trade, not usually my style but risk/reward is there.
GET IN CHAT!
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