Scan For 7/30/15

by | Jul 29, 2015

MDVN TWTR ESPR YELP on radar for whatever the morning begins — no bias yet form it in the morning huge range names only if there is a trend to JOIN not trying to anticipate it AT ALL — morning pops and failed follow through momentum I’d take the fade again with a set risk — be careful with getting too biased and staying too long but we definitely are going to have some nice trades here the next few days

Has everyone signed up for Traders4ACause? We’re getting there but beginning to order things and set stuff up last year we had a whole bunch sign up at the end which is fine but always a squeeze and only so many seats

Here is the sign up page

If you have questions email me right off the contact page – if you are planning to come and haven’t signed up yet email us at [email protected]

Glad to see most of the mods will be there !!

RJET nice action today minimized two great trades but I also wanted to stay safe on the names — by doing so I never really dived in much — I would suggest going back through the chart and the warnings in chat and review how this trade set up for the squeeze I think you can learn a lot by plugging the levels I put on the chart and why I picked them. As I wrote in chat stocks like this I will write my idea on it but 1.) should only be trading it if you’re familiar 2.) if I post it likely just gets crowded anyway so I do hope some had great trades on it but not here to say “called it” b/c I didn’t call the EXACT entries and exits and I won’t on crowded names like this – doesn’t help anyone – if you took the trade idea and what I was looking for the trade was real nice

X higher the better going to monitor it near a bit level here weak open sets up for break out (unlikely I’ll long it) or watching for para then lower highs SET RISK – great range great volume — in a perfect world gap up $20.50s run through $21s + starts to para and use $22 as a guide who knows we’ll see in the morning — hoping this takes AKS with it too

AKS higher the better $3.50 in a perfect world parabolic breakout would be awesome do NOT underestimate these bounces do NOT over stay many times these start to go and then when they run out of sellers for the moment there are some massive air gap type candles and squeeze folks — that’s where I want to be ready not before

LOCK haven’t looked at the earnings and haven’t looked at their response to FTC or if comments I’ll dig a little bit tomorrow but the lower the better and at some point a nice rally back red/green ramp would be great using $7.50-7.60s as a guide based on chart support

IMMU lower the better and if higher lows can start a grind back not looking for the rebound to $3 obviously not just think there may be a 10-20% rebound off lows again that we could take advantage of

OCLS reminds me of some other charts lately that have been breaking out this is about two things 1.) focusing on entry w/ set risk not chasing and 2.) volume — until any real volume it won’t have the NYMX style move (if it ever did) but point is if you’re trading it don’t expect a ridiculous move just more of the same if dips are getting absorbed

ONCE really didn’t like how thin it was today but will watch if the trend holds tomorrow if it doesn’t sell off with the lock up it may pull a SHAK

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