Should be a bit of a wild week. We have Wednesday off with Christmas and an early close on Tuesday.

Some good action Friday but I did spend a lot of time on starters for no good reason so if I were to pick one thing to improve on this week – it’s that. I typically fall into that trap after a big day.

Options have been great I took 90% of the size off there into the close as I had to bring my daughter to gymnastics and … as you saw it they all friggin’ ripppppped right on cue lol. Got a small piece left a huge piece. But, last week holy sh*t for options. Hopefully we have some good stuff setting up again. To me, that was too easy of a bounce – no panic yet. So, catch shorts off sides and squeeze them out then possibly the real unwind.

We have Chris and Ariel tonight on video scan:

Main Watches:

SOUN silliness – but hey, no complaints just have to respect the trend. We spent a lot of time discussing that $20 soak level – edge here for short side = failed follow through or parabolic moves. Go back and review QUBT as a recent example. It doesn’t matter what you think on the front side. Ideally gap and clear out of prior high and then fade. We’ll see.

PLTR inclusion tomorrow – should be a big trade soon.

TNXP gap up is ideal clear out recent highs last 2 days then fade off or gap down pops. vs VWAP

KULR big range – shorts stuck. Will fade it after a big clear out.

RGTI watching along with QUBT QBTS – QBTS was the most weak out the bunch.

Failed Follow Through:

QBTS watch with RGTI QUBT – I put this one under failed follow through since weakest out of the bunch

GRRR monitoring for fade day.

Continuation:

LAES possible squeeze this week – given holiday week.

UMAC trend staying

WWN watching for liquidation day

LRHC see if it builds

FRSX watching to see if it soaks.

Staying Familiar: