Today in Focus: Watch the FOMO

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Market Condition: Huge Gap Up,

Commentary: Huge Gap up this morning on the Iran deal news. Very difficult to look to buy on this sort of move. There are several delayed reactions I’m watching today but I’m cautious at the open. For most duration/quality names it’s third day of the swing and second or third gap up day.

JRSH is a Microcap that had very strong earnings and profitability inflection. It’s a microcap so proceed with caution. CTM is another penny stock that has a Press Release today on a US Navy Logistics contract. Story stocks. One to Three day movers most likely (if at all). Both fading pre market but good volume.

Beware of profit taking at the open. I’m skeptical that we just keep going from here and I think the FED meeting Wednesday will be important but keeping an open mind and remaining patient for longer duration catalysts to hit.

Upcoming Earnings:
After Hours: QMCO
Before Open: VNCE

Current Positions: SCO, APPS, AEHR, DELL, INOD

Delayed Reaction Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}