Slowest and worst part of 2020 for me right now. Not ashamed to admit it but being early on a ton of shorts isn’t too much fun. HOWEVER, I full recognize what I am doing and will adapt to it. I tend to have monster days after I notice myself not reading the markets well. Once that “matrix” mode turns on this start to click and click hard for me. This is the plan for this week, let things come to me VS. me coming at the market with my opinions.

LET THE MOVE SHOW IT WHAT IT WANTS TO DO.

PTON – Got some puts on this Friday at 139 and swung the 125s. It finally had that $10 day I was thinking. Market likely to gap up though so we will see how it will react. First batch of decent sellers after this insane move. I think more to come but let it fail to the upside before shorting.

JKS – Stalking for the short (STILL). Looking for very similar action to PTON on Friday. The early morning move on that felt the weakest in days to the upside so, similar action here is what I want to see.

MMEDF – NO CHART

That $1 breakout is a Monster level. Still a space I think gets a big weed run. CMPS a watch as well

GRWG – Still think this goes over $30s at some pont. Great daily setup and that $18 and $19 reclaim can sent this one hard. I am a call buyer a few months out on it. Will go heavy on the $20 breakout

DKNG – Thinking low $40s test and bounce tomorrow or next day. Lot’s of selling on this one and getting a bit extended to the downside.

ARRY – Will follow the Solar moves and likely JKS more than the rest.

PLNHF – My Starbucks of weed pick back in the high $1’s This $4 breakout can be a big one as this is one of the only names making money in the retail business.  Will play that $4.20 breakout NO DOUBT.

DGST – Big OTC chart here. They keep rejecting that .30 hard but I think if it rips through it the breakout can be fast and furious. This one went .01 to .25 in two days. I would NOT be shocked to see this turn into an OWCP and see $3s if the action is right.