Scan for 09/24/20 From Nate

by | Sep 23, 2020

Really sweet swings guys

WKHS I mean – holy cow 🙂 Nice to get a good chunk of it.

ZM great plan – go back review the logs hopefully we’re set up for a proper trade again tomorrow off a flush.

SPI hopefully everyone stayed safe – we get upset we don’t have borrows (not to say there wasn’t some avail – there was) but scarce and price went up and it was enough for me to say F it – focus on the big names. There is a good chance I would have stopped out max stop no matter how you slice it that was a tough one.

Here’s plan tomorrow cautious out there.

Main Watches:

ZM goal would be $490-480 flush maybe get a real nice flush – great trade plan in the room today. I hope you guys nailed as well. Clean and clear. Have 450-480 puts as well they both went 4x and settled around 2-3x but if we gap down tomorrow I’d aim to lock some and re position if it stays heavy. If wrong, move on.

SQQQ ideally major gap down on markets gives us a monster gap here and big trade to fade later on. Should be a fantastic trade setting up.

WKHS higher better and more fail – just perfect today. Can come back to $20s in a hurry. Squeeze is done all pops in my eyes will remain heavy.

TWTR higher better – I held short over night covered some low 45s AHs what I could fill but thinking we could get a nice unwind if things stay heavy.

JKS stop trying to find top – wait for it. When it fades it’ll fade and fade all day. Higher better.

Failed Follow Through:

NKLA nice trade idea today – goal was higher better for unwind to teens thinking it could be $17-18 fast off open tomorrow. Higher better and don’t be alarmed if this is single digits if GM drops it. This could be a huge huge huge JMIA repeat (check daily chart from way back)

NIO higher better for more unwind ideally sub $16s if we can get $18-18.20 + shove.

TRIL higher better $14.20-14.50 + then fade sub $13s

PINS 945-10AM trend join

Continuation:

DGLY could see this gapping for a bit of follow through decent close. Feel like probably caught a few shorts $3 + is ideal if not, moving on. Kept a few.

AMWL watching dips for break outs if it hangs on.

WHLM old runner hasn’t ran since that last time with 50 mil vol saw it on scan today have to watch if $4 breaks (looking left)

Staying Familiar:

Price alerts on all of these – love the price range currently fading DKNG

4 Comments

  1. wow wonderful . what a list

    Reply
  2. Super comprehensive. Thanks again, Nate.

    Reply
  3. great list of stocks for smart traders

    Reply
  4. Thanks

    Reply

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