Trading Journal for 9/29
6:27AM: SPX futures are at 3342. APM is gapping up 560% on news of launching a subsidiary. USEG, an energy company, is gapping up 270% on news of acquiring facilities in New Mexico. HUSA, an energy company, is gapping up 180% on no news I can see. Things are looking good today.
6:30AM: APM just posted a 33% candle and is now halted going up. It has 6m shares of volume so far.
6:33AM: USEG and HUSA are currently halted going up. All of these stocks are still below their pre-market highs.
6:39AM: There’s a lot of noise hitting my volume scanner. SPX is flat. So, APM resumed, went higher, and then immediately gave up its gains. It’s currently consolidating above the previous halt level.
6:44AM: All of the stocks are positing big red candles. It looks like the SPY is also posting a red candle.
7:11AM: HUSA (+430%) has been moving higher. I still don’t see any news on it; so, I’m a bit skeptical.
I’m waiting for it to do a pullback, but it may be a while before that happens. It just halted going up at $6.12, up 460%.