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Scan for 04/16/24 From Nate

by InvestorsLive | Apr 15, 2024

The reason this market is so good is the number of opportunities daily makes everything less crowded.

Reminds me a lot of 2020-2021 markets finally where it’s nice and thick opportunities with both long/shorts many times per day.

If you over stay you get worked if you behave there’s 10 more around the corner.

Main Watches:

TPET great trader using levels we went over today – same as Friday worked really well. Ideally same tomorrow – just remember this is sector/theme trade so if INDO HUSA etc all these are building and you’re betting short TPET it doesn’t make sense. Make sure sector is in agreement if being aggressive.

YYAI every day I try it and nail it for 3 minutes only to have it swipe back. So, I’ll keep donating – until the big day. Nice trappy action today letting shorts dig their own grave – SSR started to stack they’d swipe repeat etc.

INDO nice trader last two days. Added some levels today but you saw how well they worked from last week today.

ALAB nice idea just off scanners with the idea for round trip and it came. Ideally more action here.

DXYZ nice short today – wild $10/share. Hopefully commentary helped. Morning shove and opp again is ideal.

Failed Follow Through:

KAVL thinking probably gaps down but just one big squeeze today had RegSHO and a bit of social media help. Ideally pops tomorrow and fades back.

LGVN Another RegSHO name so once again if you got bent here you ignore the fact it held all day which whether you want to admit or not we’ve discussed that a few times after that AUUD discussion anticipating the EOD squeeze last week. That was related to base in at 11AM and sideways all day – LGVN had that same writing on wall. So it was just a case of ignoring what you see if still short late day. Ideally tomorrow mornings shove vs EOD blow out levels.