Market Overview

Small Caps On Watch List (BSPM, CIIC, GSI, SUTR)


Small caps continue to flourish in this strong market environment. Of late I have highlighted China Infrastructure Investment Corp (NASDAQ: CIIC) and Biostar Pharmaceuticals, Inc. (NASDAQ: BSPM). Both Chinese plays that have been at the lows of the charts. BSPM has started to awaken with a move to $2.68 today after the alert a week ago at $2.35. That is already over a 10% move higher. CIIC still continues to fly under the radar but should get some activity soon. The chart is near perfect for a massive move on any volume. It continues to trade around the $0.64 level.

Other small caps hitting the radar are General Steel Holdings, Inc. (NYSE: GSI) and Sutor Technology Group Ltd. (NASDAQ: SUTR). Both are Chinese steel plays that are near the lows of their charts. With the markets soaring, these should get picked up soon.

Gareth Soloway
Chief Market Strategist

The Leader In Market Technical Guidance Follow our Pro Traders Rant & Rave Blog and look over the shoulder of real pro traders!

Posted-In: News Small Cap Analysis Intraday Update Markets


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