Welcome back to another Sunday Scan. We’re going to cover what’s been happening in the market, review the names that were in play, and then go over our main watches.
This week, Dawson joins us to share what he is watching for the week. He has been an active IU member for a long time and recently did an interview with Anthony that everyone should check out.
Video Scan and Game Plan
Main Watches for the Week Ahead
ONMD – 210’s prior res, acting as supp. 210 to 320 range. See if builds 3+.
MNTS – AGBA, LUCY, BNED, and now BNAI. transitional day, liq trap if trend builds. Pattern been working currently. No overhead.
BNZI – earnings may 15, 13mil com +warr @ .18 May 23, intracoastal pos may 31. Multiday line .24, .18 acting as base. Everyone who wanted to sell, sold imo. 30mil o/s, trades thick but seems like could get thin if wants to.
FOXO – 1 and done history. Needs to prove over .44. major daily base. .59 last res level then opens up. Like the strong close, change of character for this name.
NVOS avoid the hot ones day 1. Pick up the pieces once crowd leaves. .98 fails last line of defense. History of m/d runs, so need proof. Could gap/trap so wont fight. Let it fail retest then join.
ANF had great earnings, nice gap up and then consolidation. Looking to see if it bases and moves higer or stays heavy off prior levels.
CAVA steady ramp up, looking to see if it can get over 100 and have a blow off move.
SMCI relative weakness in the AI sector recently, may be a go to name for downside if the marker or sector is weak. Be aware that they could announce a split soon tho so could change bias.
AI squeezed out on earnings, looking for post exhaustion move, otherwise could join trend on the upside if it stays firm.
NVDA split on June 10, want to see if we can cross 1200 before then. Still very strong, just options positioning resetting and consolidating.
The Playback (Stocks in Play Last Week)
SPX, the Friday major recover explained in video.
TNX 10 year yield spiked leading into data this week and then fell after it.
ANF major gap on great earnings.
CRM gap down on earnings, missed on revenue.
DELL disappointed on earnings.
NVDA consolidating after recent run up. Split on June 10t.
SAM buyout potential, ramped on headline.
PEGY breaking trendline.
BNAI recent liquidity trap played out.
STSS unwinding after recent sales agreement news.
SMMT jumped on lung cancer treatment news.
NVOS announced it may buyback up to $5M in stock.
ASTS recent 100M deal with Verizon.
LIDR runner since recent earnings.
GVH MOU to acquire Top Logistics.
T-Shirt Winners
- artbal2486
- pilly1togo
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