OddStockTrader Scan 6/15/2020

by | Jun 14, 2020

Great long weekend and very relaxing. Hope everyone else enjoyed theirs as well.

Currently futures gapping down 1.4% and I expect at least some more selling into the 2850 area before any meaningful bounce back action. Market seems to be fearful of just about everything going on right now so no reason to step in front of moves. Be nimble and trade what you see and know. Either way I do thing we have quite a nice bounce off that ES area in the market once we tap it. Mixed list tonight as I don’t see any clear sector to attack.

TSLA – Thinking we gap sub $900 around $880 based on where market is right now. I prefer this one on a dip buy next few days and possible calls as well (unless crazy expensive) last week in reality was a perfect breakout and base. Also, I am not personally on the TESLA TRAIN as an owner. 🙂

XSPA – This won’t end well but could go crazy first. If they don’t just fire of paper this week I will be looking to play a cautious squeeze play on it. Worst thing is when shorts all agree and short to early. Will probably play this one both directions this week.

RCL – Would LOVE the sub $55 open tomorrow for a washout long. Will use the overall market as the guide on how heavy this trade will be though. Perfect breakout and retest on the daily going on here.

ATNM – Staying familiar with it. It has had quite the seller in there mid day but tends to keep breaking out and bouncing. That .40 level was key for the long and it retested. I used to always let these fade off radar but not this year or going forward. Price alerts set at .47 and .50 for the long.

EMAN – Big move but also go shredded all day long. Retest here on big breakout level. $1 key level and each .10 area until .30s for long confirmation. It showed me it wanted to go Friday so will keep on radar all week.

BIOC – Just care about that big .60 breakout for a long swing in a few accounts so I don’t just sell it all early.

ANTE – Took a long flyer here in the am Friday. Just an eye.

FCEL – Earnings, and a downgrade. Will need to hold the 2.50 area and break the $3 for any further upside.

KIRK – Hit my price alert at 1.75 and I took some calls from the golf course. Chart on a longer basis is primed. Personally like the store for home goods as they tend to have a great seasonal selection with what seems to be low overhead. May be a BK but I am thinking someone will need to survive this space and I’ll bet on KIRK doing that.

AKRXQ – Just an eye

AREXQ – Just an eye.

TSOI – KILLER move on an OTC bag that Nate mentioned months back when Covid started. Nice to see that I still had some of it as well. The float traded Friday so could still get some fireworks on it.

3 Comments

  1. thanks Cody

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  2. Thank you sir

    Reply
  3. Thanks

    Reply

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