Scan for 04/08/20 From Nate

by | Apr 7, 2020

Seeing the market very well right now hopefully continues.

Reminder we have a short week this week.

Going to play close attention to how aggressive I am off the open – things have been good but all it takes is letting the guard down once.

Stay focused.

Main Watches:

CCL will make a plan off open like today. Monster opportunity. Hope everyone did well on it. Not every day we get an opportunity like that, twice. Even if it gaps down I’d still fade it. If it gaps up and holds trend 945-10AM + then cautious stepping in front.

MRNA higher better and possible $32-30 and if it stays heavy we’re going $28

NVAX higher better look left use todays resistance as a guide.

Failed Follow Through:

IQ shorts got trapped today, higher better let them blow it off and then looking for failed follow through momentum

DPW nice one today higher better for back side.

PSTI morning shove is the goal possible failed follow through momentum if it holds tomorrow I’d be inclined to look for break out Thursday/Monday

W killer one today off open started out up nicely. 945-10AM + trend join.

KSS big vol and nearly 50-70% off lows. Morning shove and looking to fade.

Continuation Watches:

NYMT gap after hours if it goes and the rest of mortgage names get going I’d trade them again. Really nice from the dip ideas yesterday across the basket I had posted pre market.

YGYI another ETB name we got the wash out AHs so I put some on sub $2.30s – hopefully gaps tomorrow if not won’t over stay. Move on.

TLRY sold some into the rips today I’d put it back on if it starts to firm up over $4.70s+

Staying Familiar

WING will set some price alerts but this has had quite the squeeze. If we get $100+ para I think I’ll get interested in a big way.

PINS AHs action – just will have it on radar in case a big move.

5 Comments

  1. Thank you sir 🙂

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  2. Thanks

    Reply
  3. Thank you Sir

    Reply
  4. Thank you, sir.

    Reply
  5. Thank you Nate.

    Reply

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