OddStockTrader Scan 6/8/2020

by | Jun 7, 2020

Had a fantastic day Friday and thanks to all for the well wishes! I 100% had FOMO while I was away from this market though. I was caught a few times checking on positions and trades that I left on but the wife was ok with it lol. Market continues (as the future show) to just continue to fly higher. There were a TON of trades I would have taken on Friday had I been here but that is what Monday is for. I could honestly make the list super huge but I will keep it to as small as possible. So here goes…

DKNG – Still on radar for a huge short just like SPCE did after its parabolic. I won’t be shocked to see this at $28s in a month or less. That $39 is now the big trigger level for the $4-5 washout trade.

CHAP – Looks like oil and gas names are on HARD radar for tomorrow after these moves. Possible gap and ramp into $1.50 If it gets crazy will look to short it near $2+

WLL – Similar Idea but looks like $1.70 is resistance and $2 shove for the short. THIS ONE CAN FLASH LOWER HARD so It will be the short trade I will be watching.

OAS – Same ideas as above but a full clean breakout here. $1.50 gap and $2 in play for the short.

UPLCQ – Oddly this move was smaller and slower but before the main moves on the non Q names Friday it seems. I was able to sell a huge chuck over .04s but based on the other names I will be looking to add all that back if it opens flat.

MARA – Bitcoin still in play and this is the name for me to watch on a massive bitcoin move. It sounds insane, I know, but if BTC goes $12k this can be $4-5 fast on a parabolic in this market. I will be there for it.

RIOT – Same as above but $2.75 trigger and $3 breakout for the real clean move.

HTZ – May be a good one but just putting on radar for a short.

RCL – Shorted some near the $74 highs and kept it overnight. Market may punish me for that but if this ramps into the $82-84 area I will look to add. Amazing move off the $19 lows.

JCPNQ – FINALLY busted hard over that .25 that I had been mentioning for a week+. Looks pretty clean now and will be my 1 and only big chase if it gaps up. I think a gap and run is very likely.

SSINQ – Will add to this swing if any interest shows up in JCPNQ for the full day. This one can get WILD if it decides to. I think 200% in one day is likely.

PIRRQ – Might also get some legs on the other two.

DOFSQ – Well worth a watch for a move if the Q’s get going and oil and gas works.

6 Comments

  1. Hey Cody!

    FDcel on your radar still? Earnings on Tuesday.

    Reply
  2. FCEL***

    Reply
  3. Thx Cody

    Reply
  4. Thanks

    Reply
  5. awesome thanx Cody!

    Reply
  6. Thanks Cody. great call on JCPNQ a couple of weeks ago when you said you liked dips to .11

    Reply

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