Hey everyone, welcome back to another Sunday Scan – the final scan of 2024! It’s been an incredible year, and we have had lots of great guests and actionable ideas this year.
We want to hear about what YOU want to see in 2025. Which guests, concepts, topics, and formats help YOU the most to prepare for the week ahead? We want to deliver as much value as possible on these scans, so tell us what you would like, and we will make it happen.
It’s a short week with the market closed on Wednesday for New Year’s Day, so make sure you think about that with any overnight plays or option trades. There should be some significant moves in the market this week as funds reposition, take profits, and rotate into new sectors. It’s a good week to do a lot of observing and then map out where the money is coming from and going so you can align your strategies with clear trends and themes.
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Video Scan and Game Plan
The Playback
RUM big run-up on the Teather $775M investment news. Approaching resistance looking left now.
IONQ steady move higher with clean trend lines. Using the edges of the channel for entries and exits works well until there is a major blow-off move or FFT.
RGTI similar personality as SMCI on its first run with big variance and dips absorbed. One of the main sector leaders and a good guide to have on-screen if trading any of the quantum names.
LAES another quantum offshoot that had a big run and reacted well to press releases. Anything with quantum being mentioned in a press release has similar types of reactions which is helpful for breaking news trades.
PDYN the drone / AI / EVTOL names are also one of the hottest sectors so any press releases or sympathy plays drive them higher until major blow-off moves. Good to watch a lot of these into the New Year to see if funds start taking profits and offerings increase vs maintaining a steady bid.
RCAT ACHR same concept with the drone / EVTOL themes.
RR nice swing from Nate playing out well. Robotics is another hot theme so as long as these sectors are in play there should be some good opportunities.
TLT may puke down into year-end and then see if it catches a bid once end-of-year selling in bonds finishes.
TNX good to have bond yields up along with TLT (even if not the same duration). It’s important to note that if yields don’t come down soon then general equities will likely face some pressure. They can only ignore yields for so long before the knock-on effects spill over into other markets.
Main Watches
QUBT relative weakness in the quantum-themed names and likely fades soon so any good clear outs/exhaustions may be good areas to use as risk levels for shorts or put options if they get reasonably priced. Curious to see how the quantum sector does in the New Year and if profit-taking happens or if they continue to ramp them.
COIN crypto may get some hard flushes soon if people sell once the New Year starts. COIN and others have some weak charts and may have some hard drops if crypto corrects.
MSTR similar to COIN but could be even weaker if the market thinks Saylor’s plan to dilute in other ways than convertible offerings could kill the stock for the cycle unless BTC goes well past $110-20K or so.
SOUN waiting for a blow-off, ideally into the Near Year and then see if they pull the bid or if it keeps grinding higher with consistent call option activity.
PLTR thinking this may be a profit-taking name this week with lots of funds sitting on huge gains that they want to realize in 2025 for tax purposes.
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