Market continues to impress – trades are NOT going away. Been amazing.
Tonight’s focus on the video is:
1. When there is NOT an A+ set up – what do you do? Do you trade the open? Pre Market? etc. Does it take your focus from what MAY become an A+ set up shortly after open? This is a big change in my opinion most need to make. You end up missing the lay ups because you had lack of patience and you’re head space is currently occupied by other tenants.
2. Also volume trumps ALL! #KnowWhatYouOwn SNCA
3. Record (hit upon last weeks video re: screen time)
4. Also screen space – where have you NOT looked on your monitors over the last couple months? Perhaps time to switch it up? I did last week – changed some filters out added some charts etc.
KALA idea last Sunday scan idea for swing up about $2/share we had some nice action on LMPX swing this week among APLT and others.
CETX screwed everyone as warned – I’ll discuss this a bit on the video along with the SNCA trade on Friday! #KnowWhatYouOwn
Video Scan and Game Plan
Stocks to Watch
SPCE for the past two or three weeks we’ve been talking about this thing since the $10-11 consolidation area I spent time going over the wicks and the discussion was why I thought it was going to $15 ideally and I was hopeful for a parabolic move then $1-2 + downside for a big trade. Right now my thought is same as what I said Weds/Thurs I think gaps and fails are locking in shorts and we could have $17-20 + move near term for the big trade I’ve been waiting for. Cautious getting aggressive too soon!
GSX entering para mode ideally weak opens for $35 + or gap up para and sit back. Looking to nail a $2-3 maybe $3-5 flush after parabolic move.
IMBI higher better for back side. Easy to borrow all around on Friday so likely held better than typically would. The fact it ramped into the close was likely a bit of an EOD squeeze so possibly gaps down a bit tomorrow if not, looking for any failed follow through action 945-10AM +
BLDP higher better for break out – stalking for when it’s ready. Starting to get into speed up para mode and going to need to react soon. Should be a big one.
PINS morning shove and looking to fade it if it stays heavy vs. Friday resistance. Spent most of the day short – looking left and will use the same levels as Friday.
NK has been easy to borrow for weeks during all of this – just not on Friday. Needs to fall of folks radars and then we may have a nice fader once people forget about it. For now looking for reactive trades.
Failed Follow Through
NKTR higher better and possible fade sub $22s
KPTI higher better and possible flush under $16 near term if that happens may get a little panic/stops etc triggering and flush out a bit more before a rebound. Looking for short term move $15-16 if it fails off gaps .20-.50+ each day.
MAXR higher better for unwind. Setting price alerts and staying familiar.
INSM higher better vs. $22s if it stays heavy.
JMIA great short on Friday off the pre market gap – looking to fade any big move that fails 945-10AM +
TIGR ideally $4.25-4.50 + and failed follow through again ideally. Great work in the room on Friday at $5 shorts.
Breakout Watch / Continuation Watch
CBLI this chart is getting bought up setting some alerts $1.20 + just needs real volume.
APTX nice trend on Friday – looking to join dips $4.30-4.50 consolidation
PULM weak opens and watching for $1.80 trigger from earlier. Been setting up for a while watch for a PR and set a price alert.
INAP weak open $1.30-1.35 trigger.
JAN dips and $4 a big level – bought other day $3.80s and by late day hit $4.80s but was too fast to take it off for me wasn’t fully paying attention since it was a bigger picture idea.
Other Watches:
SIG possible +/- $2 range here soon.
NIO staying familiar – big trade coming.
FCEL same – higher better ideally a blow off move again and then some sorta unwind again.
SDC setting price alerts for opportunity
Fantastic video. Thanks for posting! The charts come alive when we can see you in person talking about them.