Solid focus today

AMC with the big squeeze – 4th time the charm finally had a second leg

Here is the $ICCT trade

You can review the thought process by scrolling back to pre market when I explained why this was a "special situation" and at which level it was game on and time for an imagination.

Essentially $COSM 2.0

When preparation meets opportunity.

If I was… https://t.co/5NVhbP7mJf pic.twitter.com/HKKzFz2EWV

— Nathan Michaud (@InvestorsLive) August 31, 2023

Tomorrow my main focus is off open and then heading to the lake as mentioned.

Main Watches:

AMC weak open for r/g and break out is ideal but if it stays heavy I’d definitely join that trade too given how many just bought for the bounce.

PLTR gap blow off towards $17 and fade is ideal

DLO higher better for back side – figured it’d break down earlier in week but holding well so ideally $22-24 + blow out then fade

Failed Follow Through:

ICCT likely blew most out AHs but still need to be cautious. Easy to think it’s all done they blew everyone out — then everyone leans hard into ramps for fade tomorrow and it holds — we’re right back in the same spot.

RENB higher better for back side

PFIE higher better for back side

Continuation:

TCJH possible T+2

NAOV watch if this firms up $2.30-2.50 range next few days – held well after the filing so we could be looking at TSHA style shove after consolidation

NCMI still going – was continuation idea a while back

JCSE notable soak

MGLO more vol former liquidator

Staying Familiar: