Welcome back to another Sunday Scan.
We have a slightly different format today, with Chris out of town for a wedding.
We are going to discuss a few timeless trading concepts, a few trade setups that are working, and a few key themes and trends for 2024.
This week’s Sunday Scan will give you some of the tools and resources you need to make the most of all Sunday Scans. We will also cover a few stocks that the IU team is watching next week.
Here is some of what we discussed:
- Curating a watchlist for YOU. Focus on categorizing what you like to trade and then narrowing down the stocks that are in play to things that fit your style. Large caps or small? Long or short? Trends or reversals? Get ideas from lots of places and then focus in on things that work well for you specifically.
- Understanding the life cycle of the trade setups that you take. Why do they work? Who is in the trades and what is their plan?
- Taking the path of least resistance. Trades that are trying to happen naturally, not forced choppy trades.
Make sure to watch the full video to see the top themes and trade setups this year!
Video
Chris’ Main Watches
ARM on watch for relative strength with AI names.
DJT on watch post-debate for either fade or second leg up.
TSLA new trend in place and the worst may be behind it now.
AMZN relative strength until a mean reversion trade sets up.
GME/CHWY Roaring Kitty activity moving both of these names, looking for new trends and volatility based on his actions.
Additional Watches
We have two additional free watch lists you can access.
Check out Josh Cherniack’s watch list for tomorrow. If you’re unfamiliar with Josh and his trading style, make sure to watch his interview here.
Check out Emil Cuzman’s watch list for tomorrow. If you’re unfamiliar with Emil and his trading style, make sure to watch his interview here.
If you’re looking for stocks to watch during the week, join us at IU or start with our free market movers scanner to find daily movers.
T-Shirt Winners
- @mspain2001
- @gianthuman3315
that DJT chart is not correct
Yah it’s a BigCharts error for some reason. Just pull it up on your platform.
Thank you Chris! That information was super helpful and gave me some key insights.