On Watch 01/24/18 from Dante

by | Jan 23, 2018

 

You can find a compilation of all Alex and I’s webinars here. 

There’s also an IU sale still going on for those interested in getting involved with the community, which you can find here.

Also if you haven’t seen yet – I’ve recently started an Audio-Blog series! Where I narrate all my favorite blog posts for you guys. You can find that here. 

 

VTVT: Coming into nice area on daily, watching for an 8 blowoff squeeze and attack lower highs if that fails. All assuming the liquidity is there of course – low vol name normally, so need to see some participation or will avoid altogether.

CNET: Ideally morning shove, start short 4.40s adds thru 4.70 stop 5 o/u.

FORD: Not sure what this was about today, guessing just T+2 and some buy-ins this am? That’s all I can think of. Especially since it was right at open and again at 3pm on the dot – that’s buy-in behavior. So assuming that’s all it was, probably watch for maybe one more jam tomorrow am, but in all reality no reason for this not to head back right where it came from near 2 soon as far as I can tell.

HMNY: Sadly this has become a bit of a cult stock in it’s own right..people believing the Movepass nonsense. I’m not going to get into it, but I will say that Moviepass is a horrible financial model that is destined to fail, and it will, but in the meantime we can’t underestimate this name. It gets super thin when they want it to be, some SA coverage this am that it reacted very well to. I’m not in a hurry to short just yet, but I would love to see it get up and test that prior 15 peak, squeeze out there & start short 16-17 in a couple days or next week. That’s lofty ambitions right now and a ways away obviously, just thinking out loud that’s ideal scenario for me. We’ve seen it make extended runs before and hold gains, and looks to have trapped some today. So just don’t get stubborn if you attack it short before any real fireworks on the daily. You might be right, just pay yourself along way if you are, and be quick to leave if you aren’t.

 

 

If you’re not an IU member and would like to become one, there’s still a sale going on here, along with the sale posted at the top. Shoot me a PM anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss trade ideas with you.

See you out there!

– D

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