Welcome back to another Sunday Scan. It’s been a wild week, and we have lots of ideas and concepts to go over.
The first thing we’ll go over is the MSTR setup. It exemplifies so many aspects of IU’s preparation and teamwork that played out as expected, and many people were able to trade it well. This is what IU is all about – blending styles and sharing ideas so that everyone can find their own edge and continuously learn and evolve. We’ll go over it in scan and we also went into depth on the move during our Weekly Market Recap on Friday.
Black Friday is right around the corner, so we are giving Sunday Scan watchers early access to our best deals of the year. As an IU member, you get all of the benefits of a strong community, the best tech in the game, and numerous learning resources. This makes this an absolute no-brainer decision for anyone who has been considering joining. Take advantage of the awesome deals and take your trading to new levels.
Now, let’s get right into Scan. This week, we’ll run through a bunch of charts and setups and keep it concise. Make sure to watch the video for detailed explanations and commentary.
Video Scan and Game Plan
Charts to Review and Watch
MSTR perfect example of the option driven parabolic and mean reversion trade on a Thursday / Friday. IU was all over it with thought process, preparation, levels, and confirming action.
BKKT nice breaking news trade on possible acquisition by DJT. It got so extended that it would likely exceed the take out price and would be a “take under” stock, and so the mean reversion trade set up well.
SMCI sentiment shift once the company found a new auditor to start looking at its books. It doesn’t mean they are out of the woods because the new auditor could find the same issues as the old one but there is a reset of short interest and positioning happening. Maybe $35-40 blow out and reversal on future news.
Quantum theme and names to watch for sector “basket”. There is detailed commentary in the video about getting a read on sector plays.
IONQ
QUBT
QBTS
ARQQ
QMCO
QSI
RGTI
Nuclear stocks SMR OKLO another sector trade with clear leaders and clean action. Watching the basket of names helps get a better understanding if you’re fighting a trend or getting on the right side of it with its normal volatility.
China basket PDD BABA FUTU good lesson in why economic policies and fundamentals matter over time, especially in larger names. Once the stimulus hype died down reality kicked in and multiple round trips happened. It’s an example of a sector trade unwinding and using multiple names to confirm.
TSLA getting ready for its next leg higher if the market holds up. All the large option-driven names take turns being the leader and TSLA looks like it’s ready so I’ll be watching for calls.
DDOG lots of SAAS names running and this seems to be setting up for more upside before the mean reversion trade happens.
COIN Trump meeting with the CEO in the near future could be a strong catalyst. BTC price dependent tho of course so depending on the action it could be a plan for two scenarios this week.
MRNA bounced after its brutal sell-off. Looking for it to clear out and then continue to fade back down into the end of the year.
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