JSC Scan 10/19/20

by | Oct 18, 2020

Wild Week, That sell program Friday likely caught many off guard, with election closing expect many headlines and some sharp directional moves in the macro, I will be nimble with no bias, think the direction becomes clearer after the election is over, but a direction can be picked anytime. No bias, stick to price, stick to plans, don’t force.

HTZ- if this gets it grind mode can move higher, but i am looking shortside vs 2.50-3 lets see where we are in the morning tomorrow.

JKS- not coming off radar, haven’t fought it and was actually long, but not for enough time, looking for blowoff 75-80-90 see where the music stops, I would like to see it close red and short the next day ideally

BA- 170 area keeps getting rejected but once it builds above, I am interested in the long

NVDA- 555 guide for ss

PTON- 135 guide for a short play

GME- would like to see 13 keep basing for another short squeeze to 15+

NIU- chinese scoot ipo higher the better looking for short play ideally 35 blowoff

REPL- trend join post 10am set price alerts

TSLA- 446 guide for ss, earnings coming this week

ZM- thin trader, would like to see blow off, but not a fight, this could be 600 quickly with another up day, will set price alerts for fails, not a buyer up here

SHOP – like ss vs 1085

NKLA- ss all pops 20.50 guide

AAPL- 120 guide for ss play if market stays heavy

UVXY- 16.40 guide for long if market stays heavy

 

 

 

 

 

6 Comments

  1. Thanks for the scan Josh. You are the closest to the way i like to trade so it is always really helpful to see your thoughts.

    Reply
  2. Is “ss” an abbreviation for “short sqeeze” or “sell short”? Thanks.

    Reply
    • HI Nelson. SS means sell short.

      Reply
  3. Thanks Josh!

    Reply
  4. Thank you Josh.

    Reply
  5. When will you be doing a webinar?

    Reply

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