Monday 6/14/21

Monday, Monday, Monday. Where a good part of the working population despise Monday, I love em. The markets open up and the battle continues you. What new opportunities can we find?

Penny Stocks

There’s no denying it, penny stocks swing trades is my favorite strategy. There’s not much on my radar currently, plus I’m running errands this morning, but let’s quickly look at GPL and SNMP.

GPL

GPL recently dropped a lot, a major beat down. I like to get my RSIs 40 or below, but I’m liking the MACD and the gap from the 50 MA. A run up to $.75 would be a nice 7%.

SNMP

SNMP appears to be trading in a pennant formation, it’s now consolidating and the MACD is touching. The RSI I’m not a fan of, to me this can go either way right now, but it has my attention.

Over the weekend I rode F. Gilbert (Foxy) with my buddy John. He recently got a new badass hardtail, the RSD Middle Child. I dig the bike; newer geometry, steel, single speed compatible, small company. I rode my drop-bar Redline Monocog. It was quite the experiment for me.

Lately I’ve been doing more distance focused mountain bike rides so the drop-bar has been great, but Foxy is technical and where we used to train when we were racing… so it’s a hammer fest usually. The Surly Krampus would’ve been a better decision, but I’m glad I did the drop-bar experiment so I don’t have to do it again.

I actually kinda miss racing, or at least training for a race. Hmm.