Week in Review: May 11-15, 2020

by | May 15, 2020

I am guessing this is the new normal. It seems like the range in the overall market is getting tighter while the range on individual tickers is getting bigger. There is so much opportunity right now it is crazy.

 

MARK Scan and Trade

On the Sunday scan Nate gave the key area of $1.10 and that if it firmed up there could be a big run. Played out perfectly on Monday.

 

 

UPWK Failed Follow Through

If you read this blog every week you will see the same setups being traded every week. You don't need to master every setup there is. Just become really good at one or two and you will be great. The failed follow through momentum is one of Nate's go to setups.

 

 

PENN Broadcast Plan

If you are an IU member and not watching the morning broadcast every morning you are really doing your self a disservice. Nate went over his trade plan on PENN and set price alerts in the chatroom so that he would be notified if it hit those key levels. From there he just executed the trade.

 

 

CODX News

In these crazy times, having a state reject your Covid tests is a really bad thing. Having the best news guys out there is a really good thing.

 

 

NVAX and Cramer

With so many retail traders in the markets right now. Knowing what is being said to the public is a hug advantage. Don't fight the trends just ride with them.

Have a great weekend! Reach out if you have any questions. [email protected]

 

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