Very volatile week, starting off with the craziness on Monday with all the macro factors we talked about last Sunday. We’ll walk through some ideas and review some charts, and then Judah will join us later in the video for the Main Watches.
Make sure to check out the latest Trading Takes episode on options, which features some great, knowledgeable, and experienced guests.
Video Scan and Game Plan
Charts in Play Last Week
SPX massive flush Monday with peak vol spike followed by sharp bounces and sell-offs before leveling out a bit Friday.
TLT this was a very clean mean reversion set up we talked about last week. Smoother way to play the unwind in fear than most other vehicles.
BYND great intraday move from large call buying activity leading to a squeeze in a powder keg stock with high short interest.
LUMN failed squeeze play, good to review the channel and where to risk off of if taking these, otherwise know where to flip bias and play the downside.
HUGE classic runner and failed to follow through; Nate stressed patience to take advantage of it without getting exhausted before the unwind.
SAVA larger time frame squeeze and then the backside of the move came.
PLTR strong earnings nearing key break out area.
Main Watches this Week
TENX possible liquidity trap and squeeze out coming.
NET building for break out.
SERV hanging around, may look for a bounce.
LPSN needs to base a little higher then maybe break out in play.
SAVA possible bounce play coming.
PLTR key area on larger timeframe. Likely moves in the direction of the market but has strong range potential.
UPST waiting for blow out day or market fade for downside, but if it consolidates and builds then maybe a move above 40. Two plans in this market.
SMCI on watch for bounce day with semi stocks.
META relative strength after earnings, likely heads higher if market holds up here.
NVDA needs more time before bounce still, maybe one more good flush first.
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