After holiday plays

As we approach a new year and end this exciting one we have some plays for the market on monday.

Expect higher levels of volatility as institutions, banks and retail traders close out large positions for end of the year portfolio consolidation.

For currencies we have found some strong support on the GBPJPY pair and we are looking to go long here at the 179 levels.

LONG GBPJPY at 179

For stock picks we have a few plays that are looking poised for a bounce or week run upwards.

PLX (Protalix Biotherapeutics) has seen a nice move up to $1.0 from $ .80 and just recently has had extremely strong buying at exactly $1.0. This play seems safe and may never see a price under $1.0 a share for a long time as the approved Phase III FDA trial starts up.

ALXA (Alexza Pharmaceuticals) has been slightly beaten down these past weeks but we are discovering support around the .78 cent levels. with 20% institutional ownership retail traders are beginning to become enticed as Phase 2a trials are underway.

ONTX (Onconova Therapeutics) another bio in Phase 2a trials, this stock is trading around cash on hand levels and is heating up as more and more positive results are found from trials.

On an unrelated note, this is our 100th post and us here at Objective Forex want to thank all of our readers as we prepare for another exciting growth filled year.

21st Dec Market Plays

We have some nice plays for this holiday week.

In Forex we have short term bounce play.

LONG USDJPY at 121.1

For stocks we are still seeking some solid safe plays but these will be slightly more volatile than normal.

SKLN Skyline Medical is trading with thin volume closing at 3.13 suddenly after briefly flirting with 4.00 for a large pop gain. Monday should see buying pressure for another gain.

ROKA Roka Bioscience is yet another biotech which has had a solid upward trend for the last 5 days from 1.18 to 1.40. This trend looks to continue.

ABUS Arbutus Biopharma has also been cruising upwards with strong tend from 4.30 to 5 and should be a safe long term investment at these levels. 

Fed Interest Hike Soon and Weekly plays

As we all know the markets have priced in a slight rate hike now by around 0.25% which can produce quite a few trading opportunities from commodities to stocks.

We will not be issuing a play for this week on the forex markets for risk control.

However we do have some stock ideas that we have determined to be strong against possible downside of a rate hike.

FSNN (Fusion Telecommunications International) an excellent communication services company that is currently undergoing extremely aggressive expansion. 

PSUN (Pacific Sunwear of California) An extremely undervalued clothing/fashion brand heavily invested in by institutions.

TPIV (Tapimmune) A biotech currently trading under cash value and looking to be an attractive swing/long term hold.

As a reminder the rate decision will be announced at 2:00 PM on December 16th, please tread carefully knowing the risks and increased volatility in these times.

Weekly Play

Great success on our GBPJPY play last week as it soared upwards touching the 186 levels.

For this week we will be moving over to a EURUSD short after this extreme pop these levels are looking great for a sharp selloff.

SELL EURUSD at 1.08

For stock plays we have a few very interesting picks.

LLEX (Lilis Energy, Inc) Looking to recover strongly after an unwarranted 40%+ drop on friday.

ENZN (Enzon Pharmaceuticals) A strong healthy company at an attractive price with an interesting short term hold dividend being issued.

DRWI (DragonWave Inc) A networking tech company that rose over 50% on last friday with heavy volume, this is a higher risk speculative play.