Pretty wild week! Finally a big one for the books after a few weeks of grinds and minimizations. As we talked about last Sunday I figured things were going to be way less crowded this week after ILAG broke a bunch of accounts. Sure enough, solid week and lots of bell to bell unwinds.
We’ve had a bunch of earnings plays offered great opportunities this week and likely same next week. NFLX and SNAP some big movers
AA another big mover which I feel is a good one to talk about – easy one to get bent up on hence the broken record in the room the last few days. Sometimes things get mispriced and the price itself causes you to form certain opinions you wouldn’t otherwise have. For example if AA opened $38-39 on earnings you wouldn’t really think obvious short but the fact it gapped down to $33 and rallied back to $37 fast it makes you think “Wow this should fade” nah, not always the case. Cautious forming a bias and sticking with it if price doesn’t agree. That’s why when you saw it start to firm up the last two days you saw me remind everyone 2-3 times that if any exposure time to re-evaluate.
Video Topics
- Earning Plays
- Mispricing
- Mindset
Video Scan and Game Plan
Stocks to Watch
BAC steady rally with the market Friday – checked in with VWAP a few times and then kept heading higher (hint hint — add VWAP to your charts). Ideally 945-10AM + trend join again – reactive trade if a big gap.
APE nice reactive trade off open Friday and then recovered fortunately because it’s setting up to be a biggy. Couple things here — first, killer long idea felt it was close started the next day and yes I completely fumbled the long side of the trade despite being there. Second thing to remember – it’s related to AMC so just because we’ve gone up a lot doesn’t mean it can’t have that ONE MORE SHOVE that knocks you out — so IF you trade the front side you need to build that into your sizing. Or, third — WAIT for it and then pick up the crumbs later trust me it’ll add up.
T ideally $17.50-18 parabolic and sit back — looking for a big share reactive scalp/trade like BAC — move in, move out – move on.
Failed Follow Through:
CYTO morning shove and looking to trade it the same way I did EFOI MULN FNHC HLBZ ZVO AGFY etc.
MULN ideally .40+ blow off and fade off – no need to rush two solid opportunities in a row Thurs and Fri.
RLMD as more forget quietly unwind is ideal
CABA $1.85-2 + blow off would be ideal and then failed follow through for the fade.
Continuation:
MVST nice idea Thursday night for possible T+2 set up on Friday
HUDI hit old price alerts first thing Friday and then intraday double – crazy thin! Had some good opportunities into close on low liquidity but remember if they own the entire float let’s just say … this price movement is just going to be shorts likely selling as they bait and trap them if this makes a move through highs you better watch out for circuits. In case you need the reminder – this can break your account. Avoid front side with any size and avoid if smaller account 100%. Many times the bigger move is after the first big down move AFTER it exhaust traders out and THEN fails to follow through. Sure you may not get top but it could save you from being $5-10-20-30-50/share too early.
TC as we know it’s been a telegram/whatsapp pump since they first promoted it for the $3 break and never looked back. Super thin so nothing to step in front but definitely to watch if vol starts to become bigger and more consistent
XPEV watching with LI NIO etc LCID RIVN — sector bounce I’m interested. Don’t try to find/time a bottom just join it IMO is easier.
AEHR so far so good from the $15-16+ big picture swing idea on dips
Staying Familiar:
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