We’ve finally been getting some serious setups with high liquidity!
Nice unwinds across the board.
Remember to leave a key takeaway in the comment section of YouTube, RT/Like on Twitter and I’ll be picking some winners for T-shirts next week.
Here are this week’s winners
YouTube Winners:
- Dayz306
- Johnlyman9333
Twitter Winners:
- DrGaryNinja
- xmarvinc
Traders4Cause early bird tickets sold out in 27 minutes!
We still have about 40 tickets or so left. These will sell out, so if you’re looking to come, purchase your ticket here!
Twitter Q&A
@InvestorsLive Question for Sunday scan if you’re doing questions this week :
What made you look for a weak open on $CVNA last Monday and R/G squeeze as opposed to being cautious on first sign of weakness ?
— MR.YUNGLEAN (@sanfrantrader) July 16, 2023
@InvestorsLive question for Sunday scan — why do some names T12 halt while others don't?
— Mark Bauer (@MarkBauer) July 16, 2023
$AMD bouncing ball analogy explained by @InvestorsLive on Sunday scan 😉 pic.twitter.com/X325T77P21
— Toni (@tonidaytrader) July 11, 2023
Video Topics
- High Conviction Trades
- NKLA Trade and MULN Comparison
- FNGR AAOI APLD and secondary moves like OPEN FUBO
- UTME Promotion
- Coming prepared vs. not – when it matters vs. when it doesn’t.
- Reminder -> Account build (income) or wealth creation?
Video Scan and Game Plan
Stocks to Watch
KSCP ideal world = gap up $2.30-2.50 + parabolic and look for an exhaustion move to fade. That may or may not be “it” meaning it could have a parabolic move flush and continue to soak so I’d want to react to the move, proactively cover and then let it prove 10AM+ that it wants to stay heavy.
NKLA major set up Thursday and Friday — been a while since we’ve had this much liquidity to take advantage of. It’d be nice to get another good shove $2.50s + before fading off. Be careful thinking this ‘has’ to do X on your time table. 700 million volume can stick around a bit longer than you would expect. Yes, eventually it likely has a slow steady unwind but don’t force it for now.
RIOT reactive trade with BTC (obviously MARA with it HUT
Failed Follow Through:
CCL higher better and continued pressure is ideal
AI higher better for back side
U higher better for back side
APLD Finally broke that $7.80 level on daily – so chart is broken. All pops looking for failed follow through set ups to fade
AAOI good trade on Friday higher better for back side. Could see mid 7 low 8s on any good morning shove that fals/unwinds
FUBO higher better for back side
OPEN higher better for back side
Continuation:
FREQ kept some over from the idea on Friday had a nice shove up the .80s and settled in. Thinking if it holds next few days could have a real nice secondary move like KSCP and how it set up (not saying its next KSCP but same concept if it soaks and sets up for $1 +)
RDHL was a trend join idea on Friday nice move so far.
UTME hopefully they keep trending it up before liquidation day.
Staying Familiar:
As for GGAA & EDTX, what might happen to them? is it possible to cover the position when it opens on the OTC market? Does the broker do that on your behalf? I appreciate your reply 🙂