Video Scan for 04/29/24 From Nate

by | Apr 28, 2024

Hope everyone had a great weekend!

Been a bit since I’ve done a Sunday video. Part of my 2024 goals was to change up my daily routine to a more balanced one and shift over to the priorities that are most important to me now.

We’ve been showcasing some of the other talents we have in the IU community and covering a broader range of trading styles.

The feedback we’ve been receiving has been great. Fresh faces and different ideas. But, for those that did tune in for my style – Stan is very similar. My scan is still available each week (just not on the Sunday Scan post).

We also added Josh Cherniack to the daily calls, so now we cover large caps, small caps, and the macro environment.

We want to know what you’d like to see more of on scan! Let us know. Leave comments on the YouTube videos! They help us understand what you want to see more of, which guests you want to see, and which topics you want us to cover.

Also, make sure you’ve been watching Trading Takes every week—it features some great, fun conversations with top traders.

Video Scan and Game Plan

Stocks to Watch

AGBA volume completely shot now after quite a nice squeeze – couple squeeze outs back towards $2.80s likely worked out most shorts and then two fails in a row at $2.50 with heavy candles suggest more downside off any good pops/relief rallies. That said $2.50 voids the trade as it can act like IBRX and just bait shorts in before making them pay.

SNAP watch .20-.30 weak open for r/g and $15 + squeeze otherwise $15+ gap up blow out for fade back

IBRX slow squeezer after collecting shorts under $5.50-5 the last few days. They sold the news off, let shorts get positioned and made them pay on Friday. Ideally $7.50-8+ blow out and fade. I’d only be short biased if gap up para once it flushes I’d look for cover as I think it’ll be short lived. Stay away from the sideways grind. This can sustain. This is a reactive trade only for me unless pressure vs. VWAP 945-10AM+

Failed Follow Through:

MFI the ol’ Henry special – watch all pops and review EJH IZM etc for ideas of how it can continually unwind.

NIVF ideally good shove in AM and failed follow through, I believe Friday was the T+2 squeeze but met with supply.

ACB like that candle – any good gap looking to fade the trend. If it stays over VWAP forget it.

Continuation:

MNDR thinking they will want to trap more even if it circuits down — will go over full thoughts Sunday but I know ‘they’ watch the socials.

HWH if 1.75 stays base – reminds me of STI swing trade I had for that double. Cautiously interested but let it prove.

SFWL first day vol watch for ‘ramp’ portion of move

YSG ramp ramp ramp – watching for the day it ends.

DHAI nice chart build

ALAB watch dips for possible 52 week highs

RDDT dips for break out

RERE watch vs $1.90s

ATGL liq trap

JAN controlled walk up

Staying Familiar:

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