Face rip Friday is what it seemed like! Once things stop going down if you’re oversized you better behave!
Crowd is getting killed – realize it. SOON. FAST. Before it’s too late when you’re trading these. If you think it, and unsure that’s your cue. Stop waiting around waiting to ‘see what it does’
Giveaway Winners
- Clay Ruf
- Dustin Melchior
Video Topics
- Body Clock – 2 Weeks
- Improvement Spots
- Market Thoughts – Hedged
- Paper Thin
- Friday Moment Of Clarity – Warning
- Crowded Trades and T+2 (GOVX APDN or ILAG)
- Thin IPOs
- Bounce Charts (RDBX REV FRGE KSPN)
- Don’t Underestimate Longevity (Examples TH RYTM vs. Today)
Question From YouTube
Q – Can you talk about why the $AMC days of waking up at 4am changed your career? Sometimes I think maybe I’m trying too hard and trying to force things for the short-term and forget I’m doing this for the long-term and small steps add up.
Video Scan and Game Plan
Stocks to Watch
AMC reactive trade off open usually works pretty well and then 945-10AM + respect trend vs. VWAP. Looks like it caught shorts off guard on Friday pretty well. Remember – given that this thing has options be careful front side especially with any size. We’ve been here before. Edge on long = dips vs. VWAP as it trends edge on short = post exhaustion on parabolic or pops vs. VWAP when it’s under it.
SIGA nice squeeze out Friday looking to trade vs. VWAP
ILAG higher better T+2 squeeze out stop trying to be first let everyone try it and then remember it when they forget.
LYFT blow off move is ideal sit back and chill before heading higher would be ideal. Example is DKNG candle on Friday. Looking to let it rip and then fade the trend once it starts.
COIN 945-10AM+ reactive trade.
Failed Follow Through:
CVNA may take a few days but looking to fade it vs. VWAP the day it has trouble with it. If it’s over it – relax! You saw how thin it can be.
APDN same thoughts re: PETZ this will take time to unwind.
KSPN higher better and all fails
QRTEB higher better look left been working well so far.
Continuation:
EAR watch if trend holds post open.
SNTG starting to get accumulated past week – watch for possible lift along with TIRX
TIRX under accumulation.
OPGN 4 days of accumulation – all the other companies like this one have put out Monkey Pox PR so just waiting to see if they do – could be 30-50% ripper in this tape if so.
DKNG watch dips vs. VWAP
VRM break out watch vs. $2
Staying Familiar:
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