Welcome back to another Sunday Scan. We got great feedback last week, and we listened to the requests! Taco Money, also known as Tim, will be joining us for the main watches later on (check out his interview if you haven’t already). Keep telling us what you want to see in the comments on YouTube, and we will make it happen. We will do some chart reviews and walk-throughs, and then Tim and Chris will do some main watches for the week ahead.
Video Scan and Game Plan
Charts in Play Last Week (Review)
IWM small cap index back in play once Powell said they are cutting soon and economic data has been good the last few weeks.
KRE similar idea to IWM, regional banks like a lower rate and bullish environment so path of least resistance is higher.
RILY review of high short interest stock triggering a squeeze with a catalyst in video.
GDC low float gamified tape, once the large bids showed up to share shorts and entice longs, they rug pulled shortly after.
FFIE beaten down name squeeze out once tape reset and no inventory above.
MULN similar to FFIE, beaten down name has volume come in and it swipes for a few days.
Main Watches Next Week
NVDA earnings on 8/28 – ideally gap up on earning over ATH 140.76 blow out everyone that got caught on this recent bounce and maybe possibly FFT and fade after – but even if it gaps down I’m also interested in a pop off key level.
ASTS 32 is a major FFT lvl on the daily definetly worth watching with a potential target of 28-25.80s area.
MIRA gapped on Ketamine-Analog Drug (rat study) – ton of bag holders from 7/22/24 – lot of resistance levelsl to play off 2.80 3.30 3.70 – ideally a gap and fade type (10m float).
PWM (hong kong company) gapped on acquisition agreement (purchased SPW Global Inc for $4.5m) has a history of fading – ideally 2.20 plus or something crazy – 4.55m float not interested in frontside (careful with size).
LUMN 6.60-6.70 exhaustion area or 5.50 FFT on daily – has a catalyst sometime in September but worth watching if it starts to roll over and fade before that.
IWM back in the spotlight for calls with Powell lowering rates and good economic data. Similar run up to last month before the recession/Japan scare slammed it down.
RDFN real estate names should run with rates coming down, revaluation and squeeze out higher before mean reversion trade once it over extends.
PTON another “turn around” story after earnings showed they stabalized a bit. Let it run and squeeze and then mean reverson trade down at some point.
MARA on watch for higher if BTC runs hard and breaks ATH soon.
BABA had some news that could be bullish for a while before an eventual mean reversion trade back down once China stocks slump again.
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