Hey everyone, welcome back to another Sunday Scan. Hope you’re all ready for a wild week. Tariffs are taking the spotlight and will bring a lot of volatility to the general markets. We map out some top sectors and stocks to dial in on in the Main Watches section.
Stan is with us this week and has some great market thoughts and ideas. Let’s get right into it.
It was eventful last week between the FOMC meeting, the DeepSeek scare, and earnings season with some of the big names reporting.
While we’re not overly focused on trading the earnings reports themselves, the volatility in the days to follow provides opportunities for various styles of trading.
Nvidia had a big sell-off on Monday of last week due to DeepSeek news over the weekend. And then on Friday, it put in a nasty red bar so it will definitely remain on watch next week.
We also had some decent moves in small/mid-cap land. We saw some great single-day wonders like AMOD and KRKR, and also the quantum basket attempted to reclaim levels each day, but in general, they remained heavy on each attempt/pop.
Video & Game Plan
Main Watches
RGTI Been swinging short since 15s from the Friday run on Jan 24th. Over the course of last week, the focus has been recycling lots along the way, while respecting the support it had in mid/low 12s. Everyone is waiting for the same thing, and it feels crowded, albeit we had a nice exhaustion move on Friday into the mid 14s and it retraced to the low 13s. Ideally, we get a shove higher on Monday, maybe 13.5s+, and then look to trade any failed momentum. The target on the swing is singles. Also, be aware that Google reports earnings on Tuesday, so if quantum comes up that can move the sector.
NVDA Had some decent trades on it last week. That was a really nasty red bar it put in on Friday. Low 100s near term is something that I will be watching for. Any pop vs 120-123 that fails, would like to join weakness.
AMOD & KRKR – Watching for possible liquidity trap setups.
OKLO (SMR & NNE also in this basket) Liked the clearout and fail on Friday. Will look to join any failed-to-follow-through momentum vs key levels.
CEG & VST Will be on watch similar to the other AI power names. Will be looking to identify the strongest and weakest in the sector to join trends.
CYCN Will monitor for exhaustion and look to join any failed-to-follow-through momentum.
STZ Can be a big tariff war loser since 80% of its revenue comes from Mexican beer imports. It will be a top watch for downside with a possible date with 150 near term. Looking for puts this week.
CAT Another possible tariff war loser. Looking for a new downward trend to emerge and will be watching for a possible puts trade.
TCTM Had a massive volume day on Friday. If volume dries up and it stabilizes Monday / Tuesday it will be on watch for liquidity trap potential.
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