Scan for 03/22/19 From Nate

by | Mar 21, 2019

Nice stuff today guys! NKE and ZUO e/r after hours with some range should be decent potentials tomorrow

Today was what I’d call a “melt up” day no reason to step in front of anything — I was long MU not long enough and then stepped in front of AMD twice but feel like I always need to repeat myself b/c people think my starter means I am bearish – hence me saying I am NOT … lol I’ll trade 10-20K + shares on AMD when it’s my set up and down trending I will trade 500-1k maybe 2k max on front side JUST an FYI had to talk to a few people today who ignore what I write

Tomorrow is Friday. Solid week.

Keep trades in CHECK – be cautious, don’t get loose.

Focus!

SPI higher better tomorrow – great read on this – this morning. Newsletter came in at open and provided the perfect shorting opportunity. Hope many of you stayed safe on the long side it was very heavy after the initial rally. Hope we have more like that!

MTFB be nice if they do a PR or something tomorrow and then raise after that. In other words T+2 with a PR squeeze out traders and then raise some $$ later in the day.

CFMS great trade idea from scan last night hopefully we get another chance to lean on it – really nice fader just took patience. I got some of the meat but not the whole thing. Patience got me there. Saw some fade it all the way Amp among others. Solid idea from preparation!

CYTK another big one today great plan on scan last night worked to a T! I think if we open weak tomorrow there is a big chance for a big rally. There was some serious size soaked today. I actually think this has a chance to get back to $10-11 near term I’d be looking to buy a flush vs. $8.50 if it stays heavy I will throw the idea out.

MU weak open and break out – huge chart spot on the daily if not – will JOIN trend and try not to pull an AMD and step in front

CAG not sure how I feel about today was some big sellers stepping to the plate trade worked out but I think we will have a $2-3 trade in it near term. I’m just unsure of the direction. I’d love to fade this back but we could see a few days of upside I don’t want to be stepping in front of the next XRX style recovery.

SRNE so far as planned we got the $5.20s I was thinking — also AHs it’s $5.65 I would compare this to SDRL back in the day (check chart I posted in room today) was a wild one. Key is DO NOT FIGHT THIS NAME WITH SIZE it is a very good one to trade size etc eventually but front side its THIN — super super thick float but it doesn’t matter yet. I remember with SDRL it swiped like $1-2/share within 20 minutes. Before coming in. Cautious but VERY VERY VERY much my main watch. I’d love to trade it both ways.

SOLO got a feeling they have a grand plan here past 2 days TONS of bid/offers and soaking – they may want to finish this thing off nice tomorrow into the $6s +

VKTX like for trend join off a weak open

ZIOP stalking for CFMS style fade eventually

VFF stalking – chart not leaving my sight

VCYT nice trend $25-26 near term then looking to fade it back

SFIX waiting for reversal day

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