Welcome back to another Sunday Scan. This week, Chris and Cody will recap recent moves and share some ideas for the week ahead.
Tons of opportunities in the past week! We also put out some great content. Make sure to check out the latest episode of Trading Takes with Ed Barry and the latest episode of The Trader’s Journey (formerly the IU Podcast) with Jack Schwager.
We ran a 48-hour deal this week. It expired on Thursday but we kept the deals up for Sunday Scan viewers. This is the last chance to take advantage of them.
For those of you interested in Nate’s scans, they are still available to members.
Let’s get into the scan!
Video Scan and Game Plan
Charts in Play Last Week
GME had a huge range from the Roaring Kitty tweet and a resurgence in meme stocks.
AMC same situation as GME.
SPWR small cap meme sympathy.
FFIE massive gainer from the pennies to dollars. Retraced 75% of the move on Friday.
CRKN another penny name with huge range.
DUO another pennies to dollars runner.
RDDT ran hard with the meme activity this week and is now closing in on the IPO highs.
NIO moved on the China EV tariffs headlines this week.
MARA in play based on BTC. It retraced an initial spike on Friday.
NVAX consolidating at the highs after a significant move this month.
MULN breaking a multi-week trendline.
CGC moved on cannabis reclassification headlines.
AG silver miner reacting to the move in the silver spot price.
BABA Chinese stocks caught a bid as some 13F filings showed renewed interest in the Chinese market.
PDD another Chinese stock breaking out.
CB Buffett’s new holding.
WMT gapped up on good earnings this week.
NVDA testing breakout zone into upcoming earnings on May 22nd.
Main Watches This Week
FFIE on watch for bounce.
CRKN same as FFIE.
IBIT Bitcoin is ramping up and the ETFs and crypto stocks may move with it.
NVDA on watch into earnings for sector trend.
HOOD breakout with meme market and increased retail trading activity.
NVAX on watch for break out channel.
GME looking for bounce and then fade off unless there is significant news that causes a second round of buying.
RDDT looking to test the highs and possible parabolic blow off before fade.
MARA possible breakout with BTC.
SOXL way to play the semiconductor names with NVDA reporting soon.
T-Shirt winners
- jinxior88
- dayz306
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