Market really picking up now with opportunity. Much better liquidity, less random swipes and circuits and really clean opportunities daily. When I say clean – I mean set ups we are familiar with doing what they should without the randomness that always throws everyone off. In this market if you’re getting blown out/squeezed it’s due to staying short/stubborn not due to a random candle.
Some big opportunities last week on the TPET long into the short side – it’s been a while since we’ve had something this liquid in this price range. I’d say my best week of longs first into shorts in a while. Something I am continually trying to work on and really worked well this week.
CNXA continues to trap and should provide a major unwind but either comes after a major blow out and possible circuits or hopefully not but some sorta gap down over night etc.
CGC ACB same thoughts as SOUN where all relief rallies get sold off. Same concept until trend firms up.
MARA RIOT continue to sell off into 4/20 halving we discussed multiple times on Sunday video with Chris.
Chris and Stan took the wheel tonight on Sunday Stan (not a typo)
Main Watches:
TPET flush off open for rebound or gap up vs .65 — the levels I gave on Friday were .57-.65 and worked really well.
CNXA ideally more trap and some sorta squeeze out – perfect world would be 1.70-2 or 2-2.20 blow out then fade off. This
RENT reactive trade and looking for possible post squeeze fade back
Failed Follow Through:
PXMD beauty clear out move a few times into that $1.10 clear out – great entry there midday for the flush – ideally pops vs .90-1.00 and fade back
INDO think big picture here – levels on Friday worked really well I’d look to use the same ones given in room on Friday.
VERU higher better for back side
MRIN all pops void if .55 builds
CADL watch like SOUN CGC if you short weakness you’ll likely get chopped.
VERI morning shoves looking for fade vs. VWAP
Continuation:
TRUG nice set up forming on daily
PRZO sold some into close on Friday nice idea so far
HRYU swing working well
GPAK interesting in dips if .25 builds
SWIN possible secondary squeeze type like HOLO did when no one thought possible.
SFWL cleaning up on daily
Staying Familiar:
thanks fellas
Thank you