Free Scan Sunday: Stocks to Watch for Monday April 20, 2020

by | Apr 19, 2020

Impressive opportunity last week in the market.

Take advantage right now if you've been on the fence about joining us in the chat room. We have a massive sale going on with a ton of free bonuses including an options course from Sang Lucci!

We're putting out new features on a daily basis, the room is growing and the quality has never been better. We are in a UNIQUE time right now for traders. If you trade your edge the opportunities have never been better. If you're having a tough time in this market you need to review what's NOT working and put an end to it immediately. It's important to adapt right now and take advantage of what's happening in the market.

Last week besides the daily pre market call when we take the mic and do a Sunday scan similar discussion I also grabbed the mic midday three of the five days in the Trader's Lounge to field Q&A and discuss what makes a good trade vs. random trade.

Tonight's Video Topics:

I know I am repeating myself a lot in this market but I will continue too until it stops working. My goal is repeat, reset, repeat, reset until I need to adapt because things are changing.

Chat has been so incredible lately it's not about nailing all the movers it's about getting in the BEST chance BEST opportunity A+ set up and anticipating the BEST range names.

  • No need for tops/bottoms and overall market / economic opinions
  • Learn when to move on from a ticker - think about only using "size" if it's proving you right. That way when you're wrong, it's not biggy.
  • Patience on trades that are working has been great -- be aware when it goes sideways and starts to perk up. Consider sizing down around cores to stay emotionally disconnected.
  • Max dollar stop loss keeps your A game on point. Put a cap on how wrong you can be!

Here's the game plan!

Video Scan and Game Plan

Stocks to Watch

SGRY I could see folks shorting this a bit too soon and we get a 20-30% blow off move still. Held well on Friday offered a few good fades but overall trading very thin to upside while soaking a lot and acting very trappy to the downside. I'd like to see all of that come back out to the offers and let shorts pre exhaust THEN look for the fade. I'd consider dips for the break out on the long side as well BUT obviously prefer my favorite - the short side.

MRNA some really good discussion in the chat on Friday. Nailed the parabolic short text book set up off open and as noted in the room I felt like it was going to squeeze shorts out longer than most anticipated I dabbled a bit but no size until failed to follow through and captured a nice fade late day as well. It came back on low volume - shorts are trapped here still. Patience. When the trade unwinds it's going to unwind you will NOT miss it over .30-.50 cents or $1/share. I'd rather be $1-2 too late than $5-10 too early. More in the room - hopefully opportunity like Friday again.

GILD another reactive trade - this one I think will be IMPORTANT to not get aggressive off open with an overall bias for the day pre 945AM = reactive and then lets see if we're going to $87-90 or back to $80s. More in the room! Big opportunities here - nearly 100 million volume Friday.

SHOP shorts bent city - higher better ideal gap is like TSLA the other day $620 + blow off and fade back to $580s - I'd be looking to risk $5-10/share to nail $40-50 fade off a parabolic move. There is ZERO reason to try to find the top until 1. parabolic 2. back side - IMO that's your only edge.

Failed Follow Through:

TRNX great short on Friday, volume is insanity. Ideally future TRNX bag holders spent the weekend talking about how it is going to the moon and we get another .40 + test to fade back sub .25 should be a great opportunity again.

THMO when everyone takes it off radar again I am interested. Higher better and quiet back side.

NURO same thing - lower volume higher better and back side off peoples radars.


DNJR been swinging for a few days had that "look" of shorts caught - newsletter came in and marked the top again on Friday but sticking with it until it breaks trend.

BCRX big volume may have a steady bid off dips would be watching weak opens for break outs until parabolic or failed follow through for the fade.

NVTA thinking it could break out over $15 but if so, would be looking to fade the trend once it shows failed follow through set up back sub 15.

Bounce Watch:

AKER 0 bounce so far - original thesis was the possibility of a squeeze if $6-6.50-7 triggers hit for swing trade/squeeze. Had many PMs about whether or not I still thought this was a squeeze potential etc and if it was smart to buy the dip etc. This is an example of taking a trade thesis, changing it, buying first, asking questions later and buying pre maturely. The key is taking notes for the future, we know the key levels for this to be a squeeze - and as I said ASSUME it fails. So again, if taking trades make sure you have a game plan - $6 trigger alert for squeeze is not buy all dips and close eyes 🙂 But, on that note I have $4-4.20 triggers on watch volume has gone to nada with zero bounce as soon as it has a PR has a chance for 20-50% bounce easily. So I'll stay very familiar.

Staying Familiar:

The following I'm not making an in depth plan for - they are just moves I feel like if/when they break prior support/resistance they'll have a clean move w/o headache worth trading.

Big charts to save price alerts: LVGO CHWY TDOC ZS ZM SHOP BAC

Following are new names of interest below.


  1. Thx Nate & Cam for what you do. Really appreciated.

  2. Nathan:
    Very valuable the info that you give to your suscribers. Thanks a lot for all the things that you do.
    Godspeed Man!

  3. Good knowledge, thanks. 👍

  4. great practical teaching ,thanks , did buy some AKER @3.61with stop at 3.56 nice idea w/tight stop.
    Would appreciate where do we find the short interest and volume on each stock and can the shorts be charted as an indicator like RSI etc ?

  5. Thanks for the info. The short paragraphs and example videos really help sharpen skills. John L


Submit a Comment

Your email address will not be published.

Related Content

Adapting to the Market - 8 Practical Tips for Traders

Adapting to the Market - 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success - Nate Michaud on SimCast

The Process Behind Trading Success - Nate Michaud on SimCast Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

Trading Mindset: Setting Yourself Up for Success (Interview)

Trading Mindset: Setting Yourself Up for Success (Interview) Topics Discussed Focusing on Two Stocks Every Morning (Quality Over Quantity) Taking a Starter Position to "Get a Feel" for a Trade Scaling Into Trades Minimizing Losers and Maximizing Winners How to Plan Better Entries The...

Trading Insights from Career Traders - Interview With Nate and Cody

Trading Insights from Career Traders - Interview With Nate and Cody

Topics Discussed How Veteran Traders Manage and Deal With Losses The Role of Discipline in Trading and Life When to Trade & When to Take Breaks Adapting to Changing Market Trends (Figuring Out What Works) Recognizing Your Strengths and Weaknesses What Contributes...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....