Super Bowl Sunday scan again!
Who do you have for the Super Bowl?
I’m going with the Chiefs. I hope I don’t lose any friends over this 🙂 But I gotta join the next Brady bandwagon because that’s what I am used to.
We have Chris on the video again, recapping his MARA idea last week that we discussed along with NYCB and KRE, etc.
We got a lot of great feedback on the “back and forth” video style! We’ll have more guests on throughout the weeks — I’m going to try to twist Stan’s arm to join Chris too.
I know a popular ticker lately is SMCI. A lot of people have been looking to fade it but every gap that fades and soaks is working out the weak hands. We’ve talked about this on the last two Sunday videos. Divide the price by 10 or 100 and think – if this stock had huge earnings and a trajectory like this one, and the stock went $3 to $6, consolidated a bit, and pushed towards $7, what would you be thinking? $8-10, maybe a $12 blow-off? Think in terms of that, not “it doesn’t make sense it’s too expensive.”
Also, go back to TSLA when it did this the first time – don’t lose all your $ trying to find the top. The more it rips, the better blowouts = edge. Plot support lines and just wait.
I’ve been trying to stay focused. Less is more – I still use less size on daily small caps and focus more on PLTR-type opportunities or stuff like MLGO and HKIT. As we’ve discussed, YOU BETTER SHOW UP after 1000% + days (like HOLO).
This week’s t-shirt winners are mentioned in the video.
Video Scan and Game Plan
Stocks to Watch
PLTR any big steady moves that blow out I’d look to fade but remember the more times it fades if the overall trend soaks – I’m not afraid to join that trend. Very nice trade Friday using that $25 level given for the blow out and sit back
MARA watch with BTC blow out — gap up parabolic make sure you’re watching BTC with it
CLSK reactive trade with BTC
Failed Follow Through:
INBS morning shove $7s + then fade off is ideal. Great levels on Friday.
TCBP cautious if this stays steady but watching any good pops for failed follow through – ONLY INTERESTED if sub VWAP stays heavy. Not if it’s firming above.
HKIT same as Friday any good pops for unwind
MLGO same as Friday any good pops T+2 covers + bounce players let it run then fade back
LUNR break out watch
MNY nice idea Thursday for long – looking for 1-2 more days of upside ideally blow out then will be looking for failed follow through
MSS former liquidation trade
CART break out watch – nice idea last week so far
SPRB trend join if $4 stays firm