Scan for 12/05/19 From Nate

by | Dec 4, 2019

Good stuff today guys – great alerts

Tomorrow I’m going to have a heavier hand in the room. I know people like to post but feel free to post in the Trader’s Lounge random stuff. XYZ “Could go to $X” or random stuff like that “Could bounce at some point” yes we know anything could do anything. IU is not a message board, the momentum is a live trading floor. I don’t want to mute people. Please if you’re new wait a week before posting nad get a feel for the type of information that’s posted within the room.

Thank you!

AUPH major opportunity AHs obviously gotta be super cautious given the recent action in the markets but $24 to $16 and got a good piece of it, started out TINY on the open ramp but started $24-$20s-$19s add add adds goal was $17.70s made it to $17.70-16.50-80s on rest. Nothing I’d alert but just in there tonight, got a feel for it, and I’m going to venture to say that the first 15 minutes will be the highest. I hope anyway. I’d love a big opportunity off open to be able to get on the right side and just let this thing unwind. Everyone is up huge, retail heavy long into this so I could see this unwinding way more than we think BUT hell my reads on bio’s been so so on these lately, so it’s an idea until it comes through.

PTGX ok action so far reminds me of like PLSE back in the day and a few others that someone just buys up the bad news/data and then squeezes out. Newsletter came in and out a few times here today offered some great trades but my last trade despite having a good entry over stayed a bit and stopped out. Happy with my stop because this thing RIPPED. Looking for reactive trade off open but pretty strong today with SSR trapping well.

PCG reactive trade tomorrow – nice action today both ways – ough woulda been nice to catch short there after my exits but ended up chasing the headline down a bit from stapes and got nice scalp off. Will focus tomorrow the range here is INSANE.

LB reactive trade 945-10AM + trend join

ENDP weak open for break out (MNK too)

KOD gap up parabolic and back side. Like today if I start front side it’ll be small just as I said ONLY spot I’d scale was sub $64 shorted into $67-68 rip wanted to see $70 shove / flush and it did quickly but only to $68 – o well. Ideally good trade tomorrow.

IMGN weak open vs. $3.80s for break out

KPTI possible trend join gaps sold off last 2 gaps, then rally back today – I’d love to join a flush that holds heavy off pops.

CANF sucker not going away – can easily squeeze out.

DRIO came back on MINIMAL volume today so anyone who held short over is bent. Can do a few bucks off open tomorrow but don’t over stay.

AXSM keeping an eye on it- no bias just looking for the trade.

APLT perhaps the next circuit halter up to $50 or something + keeping an eye.

IMMU trend join post open 945-10AM+

WORK down big AHs then back up – should offere $1-2 trade – more in the AM

CRVS good consolidation day today will be watching for break out over recent high – remember that close yesterday was all on AIR into close so it basically close flat.

ARAV so far good plan from scan last week we almost got the $12 I wanted on scan the other day ($11.99 close enough?) we could see a big squeeze $1-2 tomorrow or more to $14 + before any profit taking.

CHS good off scan last night – higher better and more fade sub $4

CGIX again do NOT chase break out you’ll get smacked every time. Dips when no one wants sell rips and $8.50-8.80s key levels

RLMD crazy move today – watching for a trade. No bias.

PTON finally got a nice big pull back today again, tons of shorts loaded up big time. Great rebound on low volume as well. Comes down on heavy volume and tons of shorts crowding the offer due to SSR and then back almost r/g from the EOD idea on much lighter volume. The whole commercial thing is a joke. Literally. Love that it’s being bashed. Ideally consolidates for a bit and see what happens next. If it retakes $34-35 and holds I’ll start to get all bulled up. Anyhow, cautious for now but will keep looking for trades like today. Pretty clean opportunities early vs. lows which was about a dime and then late day. Nice flush off the pricing today.

5 Comments

  1. Thank you Nate. Really appreciated your work.

    Reply
  2. Lot of good chart setup for tomorrow play !. Thanks Nate

    Reply
  3. Nate, thank you so much for the scans every night. I’m sure this takes a lot of time but very much appreciated!

    Reply
  4. Morning Nate,
    I came to you from another service slightly more than 2 years ago where the chat room was the Wild West. I’ve stayed with you because every time I enter your chat it is the same as entering a real business where the standards of conduct are professional, focused and we all know why we are here.
    I really appreciate that IU is and is run as a trusted business.
    Thank you and you had better not retire any time soon.

    Reply
  5. Agree 100% with DRNDVN34 above and Thanks Nate for the hard work!

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *