OddStockTrader Scan 10/5/2020

by | Oct 4, 2020

I just now realized that I never did a scan Thursday. Sorry about that, this fitness challenge has me running on empty everyday and they are starting to blur a bit. Anyways, should likely be a range bound market day until SPY can clear this channel we have been in since last week. So here are the names I will be watching for a trade tomorrow.

RUN – Have some overnight short along with puts, could be a fake out just like back in mid July but like that fact it was staying heavy all day vs. just one big washout near the close. We are close to a $5-8 downside move here.

JKS – Same idea as above but it stayed stronger. If RUN fails hard then it might pull this one with it. Either way, I think it does follow RUN regardless. Trading based on the action.

BEEM – Big move Friday and I like the chart. Will play that $15.50 breakout

AAL – Have some calls overnight. We could reach a deal soon based on readings that keep coming out but who knows. Either way, playing these all to the upside.

WWR – Not surprised this squeezed shorts. NO reason to really short it as Lithium plays are just heating up. Like it for a swing long on any big mid day washout.

PLL – Will join the breakout over $27s if momo stays in sector.

LAC – Can easily start a big parabolic move near $20 this week. Looking to scoop washouts near $13.50s for a long.

LIACF – Looking to join if .70s can break and Lithium stays hot all day.

HNCKF –

CMPS – Looking to join that $37.75 breakout

 

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