Hey everyone, welcome back to another Sunday Scan. It’s Super Bowl Sunday so we will keep things short and sweet. There have been a lot of multi-day runners in this market and they have been setting up well for long trades so we will cover some specific strategies for these types of moves in the video – especially the low float trappy ones.
Judah is on scan this week and shares some great market thoughts and a lot of good names to watch. This is a headline driven market and some large caps have been a bit choppy, so Judah goes over some of the best looking charts out there at the moment.
Video & Game Plan
Main Watches
ARM on watch for breakout – it has maintained strength in the AI sector and has a large base.
MNMD ATAI on watch for continuation higher after taking a rest. Interested if they can perk up this week.
UAMY another nice chart that looks like it’s ready for the next leg higher.
SES AMPX some battery names on watch into the week for another move up.
TCTM liquidity trap potential still there for the next few days. Ideally a press release sets it off but it needs to base above .60s and grind up for the volume to come back in.
OKLO strongest in the sector, on watch for a ramp into the end of the week and then possible mean reversion down.
PLTR possible mean reversion trade either Monday (PLTR has a history of Monday drops) or towards the end of the week. Earnings showed strong growth so would want to see if dips get soaked or if it’s ready for a rest for a few weeks.
MSTR crypto has been hanging around in the same area for a while and MSTR has been looking a bit weak. Any BTC pull and MSTR will be the go to for downside via puts.
IONQ RGTI at key areas – in the video we compare QMCO and ARQQ charts as a possible roadmap for how these eventually play out.
MGOL multi day runner with big volume, will watch for either more trappy action for a long or see if the volume dries up and will have on watch for liquidity trap later this week.
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