Scan for 07/01/20 From Nate

by | Jun 30, 2020

What a way to close out June.

In the zone right now.

WKHS just insane – hope you guys were able to capture some good unwinds as well. Timing on the entries of size and anticipation of the move was perfect. Hopefully can keep seeing this stuff clearly.

Reset. Rezone. Refocus.

July starts tomorrow. NEXT.

Swings – and longs – today CLSK PDSB I think 2 big things to remember:

1. Just like I go over every day and as I said on broadcast today if you have a SUPER strong close –> make sure to lock in – I always do.
2. If trend doesn’t hold after an attempt or two and you have too many / not sized right etc – don’t over stay.

PHCF offered a great exit this AM but if you’re trying to add add add to a non working trade IMO you’re trading it wrong. As you know I’ve traded it since sub $4. PDSB had from Friday etc. So just the same reminder I wrote in the room — even with a few runners today dips vs. X support is key. If no dip holds FORGET IT. You want to be with names with trends not anticipating them in this market.

Main Watches:

WKHS covered some mid $16s AHs and held the rest over – not an aggressive position. Personally hoping higher the better and reactive trade off morning shove. Great work today.

POLA wild tape nice trade at EOD there couple good moves and then they punished shorts who were sizing up trying to fight trend. Likely gap down in AM but will watch for trade set up like SHLL trade plan today (the plan I wrote and the plan executed).

BLNK clean trade today – looking for more action vs. $6

Failed Follow Through:

ATHE higher better for back side action.

INO – may be a short may be a long we’ll see in AM – I’ll have a plan on broadcast. It may be an ‘inside’ day ie: channel / consolidate / choppy so I think it’s important to make the trade and move on.

VXRT killer covers this AM ! Re shorted some early w/ goal of 8.50-9 + para to short — so scaled a bit around the core short I had. Also traded the parabolic in the trading account as you saw. Difference is one is smaller but big picture idea and the other is more aggressive and in and out.

SHLL higher better +$1-2 and fade back.

Continuation:

BLDP big vol yesterday – this may be the start of trend higher. I will be monitoring for the short trade if market comes in — but otherwise assume dips will get soaked.

PLUG same as BLDP.

LCA killer call by TexMex – lower better is ideal and ramp 230PM+

SURF started a swing today.

YCBD Price alert $2-2.10-2.20

ASTC $3.30-3.50 key still – came back okay today.

PPSI 2 days in a row decent vol. If $2 firms up there is potential if not, again forget it.

Staying Familiar:

4 Comments

  1. Thanks Nate.

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  2. Thank you

    Reply
  3. “You want to be with names with trends not anticipating them in this market.” that is a statement CNBC should put out. Thanks Nate!

    Reply
  4. Thanks

    Reply

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