Hey everyone, welcome back to another Sunday Scan. The IU team was in New Hampshire this past week filming some great content and participating in the Traders4ACause New England regional event. It was great to have so many traders come out to give to great causes and network!
We have a special scan tonight with some familiar faces! Dawson, Nick, Ariel and Chris sat down in person to chat about the markets and what is on watch for the upcoming week.
Video & Game Plan
Main Watches
SMCI big day on Tuesday with the deadline for the company to get everything together to avoid a delisting from Nasdaq. Possible extension could happen to buy the company more time. If for some reason the company can’t get the information it needs then a huge flush could take place. The market has been pricing in that the company will be able to pull something off so best to have a plan for either case. Shares are up almost 90% this year already.
NVDA earnings on Wednesday should be a big market mover. Margins, earnings, revenue and forward guidance all need to be stellar otherwise things could get ugly and the AI/semi sector could have some massive flushes. No real bias going in, just know that there should be moves with magnitude following the earnings release.
PLTR on watch for a bounce trade after the large mean reversion flush that happened this past week (mopex option influence, defense spending cuts, and CEO selling $1.2B worth of stock over the next year were reasons for flush).
IONQ has earnings on Wednesday which could be a sector moving event. Quantum names are right on the edge between full unwind and hanging on for dear life, so any major event should decide the next direction.
RGTI should move off of IONQ earnings.
MSTR starting to get really heavy even as BTC has been somewhat stable. If BTC falls below $92K thinking this could have a major unwind. The cycle has shifted and with the dilution and average cost MSTR now has on bitcoin it clearly seems to be on the backside of the move for the cycle unless we get a major rip in BTC.
BABA should set up for a major mean reversion trade down on any negative comments from Trump on China. So far it’s been a great trender to the upside, but as the boat gets more loaded with longs and it goes parabolic, there almost always comes a big flush to clear out some of the overly bullish positioning. China names as a whole has been a leading group with relative strength so respect the trend while keeping an eye out for any headlines that scare investors regarding tariffs / policy / China comments from Trump.
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