Happy Father’s Day to all the pops out there! Also, Happy Juneteeth! Nice three day weekend. Much quicker scan tonight since everything is business as usual and working week to week.
I hope everyone enjoyed the long weekend.
Check out our most recent trader interview if you haven’t already.
Giveaway Winners
- @earlynsomerville8865
- @bullbeatrader5372
- DanCTrader
- DentexDentex1
Video Scan and Game Plan
Stocks to Watch
RIDE absolutely sweet round trip on Friday – probably could have sized a lot more but the last few weeks if you’re not covering every big flush you’re getting worked. So, maybe I could have been a little less active on it and yes it would have worked but that’s all hindsight. If you were patient the last few weeks on a trade like RIDE that would mean you didn’t make money. So, the one thing I know is if each flush stays heavy I can re scale back in but it’s better to see it prove that vs. anticipate it. Like you saw on AI they have a field day with shorts swiping back to an hour ago levels in only one or two candles.
CCL looking to fade any trade vs. VWAP if it stays weak also same re: NCLH RCL
SOFI higher better and fails vs. VWAP 945-10AM+ is ideal
Failed Follow Through:
NKLA higher better would be great – really big trade the last few days but you had to behave. Those that pre exhausted likely missed the entire thing. Sometimes actually being WRONG is … well, RIGHT.
NIO trend join watch with XPEV LI etc.
MVIS higher better each PR likely has paper being sold now on all pops
TOST higher better for back side
VKTX higher better for back side
PTON higher better for back side
AFRM like with PLTR CCL etc. that basket has been working well and less crowded than AI CVNA
Continuation:
TMC ideally keeps going – working well. This is how moves like NKLA form by people jumping in front trying to find top. If you trade front side be sure it’s a starter don’t fight by scaling. It may take a few small trades to get a better read before the nail ie: NKLA the only time I had size etc. Same concept but I don’t think it’s ready yet.
AAOI higher better for back side
WORX ideally circuits and wild on Monday – weird one. Great trader trading way thicker than it really is when they want it to be. This could be the start of something where they don’t let shorts out so have guard up.
WRAP like TMC NKLA etc let it grind grind grind once vol and range picks up – I’m interested.
Staying Familiar:
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