Hey everyone, welcome to a Monday night scan due to the holiday. Hope everyone enjoyed the day off. This weekend had some wild action in the crypto space and that will likely spill over into equities on Tuesday.
This week we have Nick on scan to talk about adaptability and nimble trading. We will likely be in a very news driven market with all the executive orders and headlines over the next few weeks, so it’s a good idea to be flexible and to be able to pivot on a dime.
Video Scan & Game Plan
Main Watches
DJT likely has a big move this week. A lot of attention went to the new Trump meme coin so maybe there will be some pressure in DJT as those holders shift their focus. Clear out and fade is ideal. The chart doesn’t populate correctly on this name so I’ll skip the chart.
RGTI / IONQ looking for clear out moves and possible fade back down. Want to see exhaustion into prior levels and then stay heavy.
CLOV on watch for breakout and continuation.
PLTR good stock to trade based on general market conditions. Waiting for it to settle down after the first 15-20 minutes and then trend with the market.
META / SNAP will be on watch with the TikTok headlines this week. We don’t know if someone will try to buy TikTok or if it will be allowed to continue running with firewalls between the company and the Chinese association.
TSLA will be headline driven especially if there is news about full self driving in the coming days.
Chinese stocks PDD BABA BIDU YINN may have some room to run if the headlines on US-China relations are good. There was a lot of negative sentiment and positioning leading into the inauguration so a bounce could happen off of the recent bases in those names.
ERNA possible liquidity trap if it holds up and doesn’t do an offering. 500M volume to 5M and basing around .40.
NVDA / TSM on watch for headlines about chip exports in the coming days. More about finding key levels and then looking at the headlines to formulate a trade plan vs anticipating one.
COIN / MSTR will likely be in play. I prefer COIN for potential upside if crypto is strong and MSTR for potential downside this week on any pullbacks in Bitcoin. Keeping the BTC chart up will help.
MRNA gap up and fade ideal on the recent gov contract news for bird flu.
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