Scan for 01/31/24 From Nate

by | Jan 30, 2024

MARK Insanity BS “partner” aka if I were to use Google cloud services which I think we do but that would make us (IU) partners with Google !!! Cool huh?

Anyway 8-K out AHs and got destroyed, which sucks cuz that woulda been great lay up if they waited for the AM.

RTC I figured maybe one more squeeze out before they pulled it but today was the day and sadly same with WNW. As IB calls them “Ramp and Dumps” lol.

But, RTC went a bit lower than expected I figured $1.50 — absolutely destroyed.

Reminder CenterPoint free trading until March 31st

Killer broadcast this morning – great focus names. They all worked.

Big action today ICCM ITRM — NEXI GMBL NVVE RVSN all great. GMBL was a bit bigger felt safer on that one but NEXI RVSN didn’t need big shares and that added up big time. ATPC minimized but good LCID RUM all clean ideas.

You could see after NEXI they went for POL then NVVE then GMBL and each one faded faster. Faster you can spot the trend the better you’ll be.

NEXI really great levels today.

RVSN proof you don’t need to find the top. Clean unwind even being late.

MARK absolutely great warnings today – writing on wall not to fight .68 soaked .75 firmed up and then it doubled again. Huge trap.

OMND fumbled today but — take yesterdays commentary and see how when $1.20 firmed you can use yesterdays walk through to your advantage.

Main Watches:

AMD destroyed AHs – huge run up – should be a reactive trade off open and then 945-10AM+ trend join

LCID morning shove and possible fade like SOFI

SOFI ideally one more good day there – been nice fader last 2 days.

Failed Follow Through:

SLNA blow out and fade is ideal

GMBL morning shove and unwind is ideal

APP ideally $43 then $38

ITRM morning shove and more unwind is ideal – great prep

ICCM good push back today – looking for an unwind tomorrow or Thursday BUT it held well today do NOT force it.

Continuation:

ONMD nice swipe into circuit today – had a feeling was a day early. Watch Thursday for T+2 liq trap.

MDAI still feels super trappy — nice idea last few days for liq trap perhaps Thursday for T+2

Staying Familiar:

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