Hey everyone, welcome back to another Sunday Scan. We had a short holiday week, but there was plenty of action. We’ll go through some charts that were in play, and then later on, Dawson will join us to share some Main Watches for the week.
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Now, let’s get into some charts. Full details in video scan.
Video Scan and Game Plan
The Playback
UMAC multiple positive catalysts plus sector themes in a thin name = big moves. Good to review the names that fit this description in each theme currently in play.
SYM big move down on accounting issue and filing delay. Everyone is thinking SMCI 2.0 on it. Headlines matter in these situations.
SAVA crashed on Phase 3 clinical trial fail. Trading near cash levels now.
RCAT drone name partnering with PDYN causing both stocks to have similar moves. In play themes.
ARQQ RGTI QMCO quantum names riding the sector higher. QMCO had good liquidity trap style set up with a news catalyst that caused the second leg higher.
GM down on Trump 25% tariff threats. Good to be aware that lots of stocks will have reactions to headlines like those and can be great opps especially on low volume days.
DELL bad reaction to earnings as the AI theme cools off especially in the larger names. Lots of air coming out of that sector.
Main Watches
OPTT multi-day runner. Overhead resistance. Releasing “early earnings” Dec 2. e/r date is Dec 16. Maybe they plan to hold it up into the 2nd, maybe traders playing off the “defense” theme – who knows, just aware. I’m playing a chart pattern here. Habitually dilutive name, bagholders, too much too soon price wise.
IDAI given that this is a watchlist for the WEEK ahead, I’ll put this one on. Not an immediate plan for Monday but…. If it starts to fail below 60’s, liquidity pocket down to 40’s. I’d be looking for 2 scenarios here – continued fade down to the 40’s and play a backside bounce back into recent resistance OR let it churn up here and possibility for secondary leg b/o. Open to either scenario.
Aerospace/Defense Theme what’s been working in this market is going from theme to theme. Dumb money has resurfaced esp since btc – become more obvious – looking for the next big thing. BTC > Quantum > Aerospace? My scans are lighting up with these names.
PRZO RKLB LUNR steady churn – head of snake. ACHR coming into the wheelhouse, higher better.
MOBX bought their way into the sector, higher better.
COIN daily FFT setup. Nice pull into the close. Btc weak 25th to 27th. COIN stayed weak while btc back at highs. Relative weakness. Confirms prior bar lows + 290 fails interested joining trend.
IONQ (quantum theme) has a presentation Tuesday Dec 3rd, so possible para into the event and then mean reversion trade. If options get reasonable for the move I’m interested. Leader in the space so I’m open to joining the long side too if dips hold well.
RGTI similar to IONQ idea, just another leader in the sector. Equity is a better way to play this than options.
IREN some bullish option flow in it could continue higher if BTC ramps past $100K. Looking for possible calls on dips.
MSTR consolidating after the big move, but if BTC ramps it could have its next leg higher especially if it has a positive reaction to another round of Bitcoin buying.
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