Hope everyone had a solid week.
Going to be a busy week for me. Tomorrow business as usual. Tuesday I’ll be off desk most of day possibly there in the morning but finalizing another real estate deal as I progress on my 2024 goals. Making sure properties are income producing and if not convert into more passive portfolio that works for me with little to no management. Bought a lot of stuff with COVID $ on purpose to make myself asset rich, cash poor as an inflation hedge since I don’t trust myself with that kinda capital in the markets but at some point having too much starts to own your life — so that’s what 2024 was about. Checking boxes one step at a time.
We have some great set ups and this market has been fantastic and friendly. Last week was one of the better weeks of the year for me but two of the days I definitely over traded and minimized. DWAC I knew it but wanted to protect in the event we had a rally like the prior day so over traded it some not that it didn’t work but more so I could have just done 1-2 trades and been patient and make a lot more. Regardless – killer plan on DWAC, SOUN 7.50 line and AISP etc. Hopefully that action continues.
Going to be working on a new level/alert system I had an idea for soon – which will make doing scans easier I think. One of my goals for 2024 was less personal scans since it’s pretty time consuming each night to write these up but obviously we’re adding more and more value every week.
Pretty soon we’re going to design/build something out that you guys asked for on the last survey. Once I get some time frames I’ll start to share more.
Video Scan from Chris and Stan tonight:
Main Watches:
CGC down AHs but — REACTIVE trade NAIL BAIL MOVE ON. This is a sector move/them move so don’t over stay looking for more if it disagrees.
ACB same – CRON etc.
OCGN higher better blow out and unwind. Nice and thick this is going to be a big one. Don’t force it but don’t be afraid to go for it when it’s time.
DWAC higher better for fade.
Failed Follow Through:
BACK nice short Friday – ideally bit of a pop for unwind.
NKTX higher better for back side.
SG watching daily for the fade
GPS same – levels worked Friday.
SOUN any good relief days looking to fade it. Watch your size. Size = chop. But overall every rebound likely gets faded.
NNOX clear out move on daily then pressure likely 4-6 week fade back to where it came from
Continuation:
STI same plan – great swing idea nearly hit $4 Friday.
VERI let it run but keeping on watch for the day it fades.
FLGC held over
Staying Familiar:
THANKS!
nice work guys!!