OddStockTrader Scan 5/13/2020

by | May 12, 2020

Decent trades today overall but felt I was lacking patience in some of them. WTRH should have been a big one but decided to cover it right when it started to actually fade, so, mistake there but still a nice gainer. Market finally took a hard turn today on CA possible 3 more months of Stay-at-home orders. Will be interesting to see where it opens up at tomorrow but I think we might open higher than the close and then fade back. Anyways, here is my list for tomorrow.

MRNA – Risking by holding some short overnight but with market failing and this as high flying as it is worth my risk (just hope nothing wild comes out) Thinking it will need $60 peak out for a decent $5 washout candle. Will respect if it decides to just grind higher.

EMAN – Been hitting scans last few days but pretty much ignored it. Floating back to highs after hours so it will be on main watch for morning washout near .75s for long.

DKNG – Mixed feeling here but still a watch. Market smacked today and it held its candle but barely today. If it pushes and fails on the $27.5s will look to short. Does have quite a bit of calls out there however.

NCLH – Cruise lines are the weakest charts out there. If market stays heavy will be my main target to short. $10 break and peak to really be comfy with a sized short on NCLH. CCL and RCL charts are exact same so similar idea there.

CHWY – Nice day till market washed out. Active $45 calls today as well.

SLGG – Impressive walk up today and near $5 after hours. Will trade it on a morning weakness.

AESE – Same as above but seems heavier. I do expect it to catch if SLGG gets crazy though.

JCP – Intersting action late day. Swung some but don’t expect too much on it. However if the .22 breaks and with good volume will join with size. Ideally .25 tomorrow with heavy volume.

SEGN – Spec OTC for a long that I am swinging nothing more or less.

2 Comments

  1. Thanks so much Cody!

    Reply
    • Cody – nothing on NVAX?

      Reply

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