Josh Scan for 5/14/24

by | May 13, 2024

Couple things to note, the SPY and QQQ are trading extremely low volume right now could be a point where max buying has taken place and things struggling for higher or just a quiet period but it is very noticable, besides a couple opportunities at the open each day mid-end of day mostly watching things chop around, the names moving right now are coming from the bottom not the top. Tomorrow we have both PPI and Powell so lets see what that brings. Wednesday we have CPI, these should provide some direction for the week.

 

NVAX- ideally 15.-16 gap  move for a short play will see in the morning but like day 3-day 4 para moves vs day 1-day 2 its a big difference

BABA- earnings in the morning nice trend today lets see if we continue

AMD- looking all pops vs 152-154 short

AMC- would love to see 6.50-7.50 test and then a fail sub vwap fade, was a day one move and people got squeezed nice gap after hours too

 

 

 

 

0 Comments

Submit a Comment

Your email address will not be published.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

Related Content

15 Trade Management Tips to Improve Your Trading

15 Trade Management Tips to Improve Your Trading

Trade management is an important part of the trading process. It's not enough to have an effective strategy - you also need to execute that strategy properly. Think of this distinction as the difference between creating a well-rounded business plan and actually...

Adapting to the Market – 8 Practical Tips for Traders

Adapting to the Market – 8 Practical Tips for Traders

The stock market is constantly changing. If you are fortunate enough to find success as a trader, you shouldn't get too comfortable. A strategy that works for days, weeks, or months is not guaranteed to work forever. Career traders who achieve long-term success...

14 Tips to Improve Your Trading Mindset

14 Tips to Improve Your Trading Mindset

Your mindset is an important part of your trading. How you think will impact how you trade. Your mindset will ultimately determine what you focus on, how well you learn, how you react to trades, and so on. Today, we are going to discuss some quick tips to help you...

The Process Behind Trading Success – Nate Michaud on SimCast

The Process Behind Trading Success – Nate Michaud on SimCast

https://www.youtube.com/watch?v=yaHEIFvHh5g Topics Discussed Long Trading vs. Short Trading (and Where Nate Makes More Money) Using a "Macro Mentality" in Trading Scaling in and Out Around a Core Being Early vs. Being Right Why Day Trade vs. Invest? Finding The Best...

Day Trading Course