Hope everyone had a great weekend!
Video Topics
- Scanz winner !
- Traders4ACause
- Posture Test
- Why are names moving.
- Blinded by plan A
- Micro floats disasters now
- Grow at pace of account
Twitter Q&A
Do you find an edge when the short locate monitor runs out of shares? Also, do you see the higher the locates more likely the stock to be an all day fader. Ps. Love the videos!
— Scotty Brooks (@SdotBrooks1) July 18, 2021
I always hear “support and resistance” and see the value in seeing those levels but I struggle knowing what the levels are. How can I see support and resistance? Thanks, your scan is always 🔥 and I always enjoy watching it even though I don’t always trade each week
— Sam (@KellerTrading) July 18, 2021
I would love to hear your thoughts on what timeframes to look at on the chart intraday and why. I used to use the 3 minute but now solely the 1 minute as it gives me a better feel of the current price action so long as I keep focus on the bigger picture.
— ryantrades (@trade4_freedom) July 18, 2021
How about the travel sector? ✈️⛴️🚢🏬
— Rear Naked Trader (@HumbleOr) July 18, 2021
Video Scan and Game Plan
Stocks to Watch
SPCE higher better all gaps $30.50-31 + I feel like we can still see downward pressure. I’d love to see a capitulation trade (gap down and flush out for the real reversal day). Don’t underestimate how far it can fade with pressure but also once it does do the reversal just like last time – it can snap back faster than you think.
TQQQ looking to trade the big moves only – let the trade set up 945-10AM + trend join. Looking for very similar to what I traded on Friday.
AMC should continue to have some wild action. Continued downward AHs – I’d be cautious getting aggressive with this one as I think after the next two days it’ll start to tighten up with range. 50% drop off recent levels there are many on the wrong side now. Watch w/ the market if market continues to fail we can really unwind here. Personally I hope it keeps having large bounces off the downturns b/c it pops all the other names too.
Failed Follow Through:
XELA going to continue to trade each failed follow through set up it’s been fantastic in the room each time noted. Higher better and let them exhaust out early morning shorts once everyone gives up I’ll be there. Easily can fade back like MMAT (TRCH) sub 2s near term.
NIO feels very crowded on long side still thinking $38-40 near term higher better and back side trend join is ideal. Again all of this changes if the market decides to rip back.
CLDX higher better possible gap fill to $35 range and then rally already below pricing.
BTU I’d love to see $9 + shove and then fade back near term sub $8 – chart support at $7 and $8 to note.
X / CLF possible chart unwind trades like NCLH CCL charts.
CCL / NCLH staying familiar for capitulation day (gap down flush and rally)
YVR big pump last week – higher better off open and then looking to fade it back once everyone stops talking about it.
Continuation:
FWP spelled this swing trade out in the $7s – so far it’s held well. Light trader but the volume has been picking up. Looks just like UONE before the $20 + move so I’d love to see some real volume come in and firm up for the big break out into the September catalyst. Again – big move from the original idea always smart to adjust risk along the way!
MOXC been a nice double just about from swing idea – looking for $31 as the trigger for any big squeeze – again as noted past few days $31 is key so always good to adjust risk along way you don’t want to ride a stock all the way up and back down without adjusting – think about GAME and PLBY if no sells at all etc.
APT starter position so far – feel like someone has been absorbing.
SNMP starter for me – dips vs $1.30 if it hangs on to trend.
NEGG thinking gap $2-3 and shove $2-3 more possible $38-40 test and then either trap and go to $50 again or just fade off.
Staying Familiar:
great quality content, Im considering joining the Community of IU, Thanks Nate, keep the humbleness up.