Free Scan: Stocks To Watch For Monday September 26, 2022

by | Sep 25, 2022

Market meltdown continues - but as a trader it doesn't really matter how low we go. Heck, the lower we go the better the reversals will be when it's time.

If you're trying to find the bottom for sure - you're going to have trouble in this market. Right now it's not about coming in hot-headed thinking you have it all figured out and you're going to nail the bottom in size. Hey -- that works, until it doesn't and as you know you always own too much when it doesn't.

Over the last few weeks, we've talked a lot about how to trade this market - and it's working. I wouldn't change a thing. Less trading, bigger picture and leave room to be wrong (wider stops on first entries).

There is no point to sit here on scan and have a full game plan for names in this sorta market. It's best, in my opinion, to have an idea of what charts look like, general thesis if market does X and a general thesis if market does Y.

Had a hell of a fun time this weekend in Arizona! Great area crazy warmth and we even snuck in some great content I think you're really going to love.

As always I try to throw a few reviews/tidbits in that happened over the week and I think GSUN drives home the big point I always make: Always look left! Total hindsight and no I didn't take the trade I was pretty much taking the day off but take a look and see it $95 last run and $94.999 on Friday before dropping 50%. Save it - review it - remember it!

Last few days to get virtual access to the T4AC live stream. You can sign up here if you are interested.

Giveaway Winners

  • Quixotic - T-Shirt
  • Mac- T-Shirt

Video Scan and Game Plan

Stocks to Watch

NIO been a great trader lately - had some relative strength off open on Friday and made for a nice trade. This would be a market timing trade of choice - good range good volume and liquidity has been perfect. Gap up look to fade failed follow through, gap down look to trade a reversal. No sense making a call because let's face it -- are we gapping up 200-500 Monday or down? Who knows - let's wait and react.

SAVA huge squeeze out on Thursday and right back down on Friday. Give this a few days but watch all pops ideally $1-2 + more and then failed follow through set up would be nice.

UVXY if we stabilize by Monday or Tuesday we should see this thing sink right back down. There is no panic in this market judging by how this has moved. THAT SAID -- if we don't bounce by Tuesday for the short term I think we're going to see volatility pick up and panic start to creep in.

TZA watching for a trade of choice once the market has a rebound day I'd fade this.

Failed Follow Through:

LGHL been a known pump - doesn't mean it needs to go down but watch for a trade like IMTE once they decide to pull the bid.

AMPX watch for morning shove and failed follow through.

FREY morning shove would be ideal and failed follow through - big opp on Friday but wasn't really around much to focus on it. I'd continue to look to trade this vs. VWAP (regardless of side).


ATHX watch if dips get soaked - could get a 2nd or 3rd day out of it.

EVTL watch if $8 starts to build for break out

Staying Familiar:


Submit a Comment

Your email address will not be published.

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market - 8 Practical Tips for Traders

Adapting to the Market - 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success - Nate Michaud on SimCast

The Process Behind Trading Success - Nate Michaud on SimCast Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

Trading Insights from Career Traders - Interview With Nate and Cody

Trading Insights from Career Traders - Interview With Nate and Cody

Topics Discussed How Veteran Traders Manage and Deal With Losses The Role of Discipline in Trading and Life When to Trade & When to Take Breaks Adapting to Changing Market Trends (Figuring Out What Works) Recognizing Your Strengths and Weaknesses What Contributes...

13 Tips to Minimize and Prevent Trading Losses

13 Tips to Minimize and Prevent Trading Losses

How much higher would your trading profits be if your losses were cut in half? How much higher would they be if you only lost half as frequently? Most traders focus on chasing profits and forget that minimizing losses can have the same net impact on your bottom line....