Hey everyone, welcome back to another Sunday Scan. Hope you all had a good week. There were a ton of low float runners so we will talk about that a bit in the video and then review some charts. After that, Judah will join us for the Main Watches so make sure to watch the whole scan. Let’s get right into it.
Also, make sure to check out the latest episode of The Trader’s Journey with Kyce and Anthony.
Video Scan and Game Plan
Charts in Play From the Week
GLMD low float name with high volume and symmetrical legs higher until blow out. Discussion in video of thought process both long and short side.
LUNR nice break out on headline about NASA deal and it set up for a Friday fade but it dipped and then reclaimed.
INTC recap of the Friday halt up on QCOM approach. Walk through in video.
FDX gap down on lower earnings and poor forward guidance. These names tend to gap and stall but if volume comes in then the next leg lower could happen fast.
SKX IU breaking news alerts from members and tech working in real time for 5-10x option potential plays.
Main Watches
LUNR if it starts to base over $9.50s and volume remains strong it could make a move up to prior highs $12-$14 areas. If it stuffs and struggles under $8.80s could have a fade back down.
TEM possible next leg up if it can hold trend and break recent highs.
TIL held well and on watch for next leg up possibly to highs or more as long as it does not exhaust out.
NNE trend up on watch especially with recent news in the nuclear stock sector.
SMMT pretty big correction after the run, it may start a new leg up unless it swipes and stuffs and volume dries up. News driven name so headlines matter.
U nice base and new trend up playing out, on watch for continuation if market holds up.
NVAX big level at 14, if bases above it may have a nice move.
REE see if the volume comes back in for a move higher.
APLT retesting prior highs, on watch if it can look like it will break through.
CEG recent news with MSFT partnership and nuclear restart. On watch for exhaustion and fade back but won’t step in front. Let it prove it’s struggling to move higher and then join the trend as it consolidates/fades.
INTC let’s see if QCOM news about a possible bid for the company is credible and see the details. Will likely move $3-$5 this week.
SMCI needs to be on watch for a 10-K headline if they file then could have a possible squeeze, but until then may just hang around or fade as people wait.
TSLA go-to name for strength in this market with rates coming down.
JPM financials on watch for bear flag if any market weakness happens. On watch for puts.
‘Waiting for the T + n delayed reactions instead of getting chopped up on day 1″. Gold