Hey everyone, welcome back to another Sunday Scan. T4AC is in a week, and we’re super excited to see everybody! It’s an amazing event to connect with new and old friends.
There are plenty of topics to go over on today’s scan, so we’ll run through some charts that were active over the last week, and then Stan will join us for the Main Watches later on.
Mini rant about CHSN in the video and why those names should really be on a “do not touch” list on the short side. With so many other opportunities in the market, why even bother with the ones that could end a career?
Video Scan and Game Plan
Charts in Play Last Week
CHSN same old gamified, halting, thin names designed to blow people up before the people controlling it get what they want.
TLT big move in bonds and yields as good economic data and jobs reports make it harder for the Fed to cut more than .25 at the next meeting so higher rates for a bit longer.
DUO small cap china name with lots of false breakouts which got longs on the wrong side and short were cautious so the supply was pretty high when it unwound.
EVGO catalyst spiked this name and has been straight up with only a pocket of consolidation. Not the type to fight on the front side until parabolic or trend change takes over.
USO oil spiked this week on Middle East headlines and sparked some action in energy names.
INDO small cap oil name ran with the news and will be a good trader on either side depending what oil does.
Main Watches This Week
China Basket (FUTU BABA PDD JD XPEV) China market reopens next week and will monitor how liquidity/volume impacts the move. Lots of different “groupings” of these names so pick what range or type of action you like to trade and then look for relative strength/weakness for the go to names when the time is right.
PEV ideally gap up and exhaust into 1.5s+ – or open, flush vs .9s and then fresh highs. Chart reminds me of DUO, similar price and volume churned as well. Good to compare.
KXIN nice trap from the first move. Ideally higher the better for an opportunity to scale vs .6s+.
HKD and TOP higher the better and look to fade any momentum shift vs key levels as long as it’s natural price action and now gamified/crazy action.
TIGR will monitor for an A+++ setup in the coming week. Be patient with your entries; you will not miss the move. Look at MARA RIOT CSLK crypto move from a few months ago. Very options driven so waiting got key expiration days or news to change the run up is important.
META on watch for relative strength for possible calls as it crosses 600 and potentially runs another 30 points in the near future.
UXIN on watch for continuation of liquidity trap and break over highs. If trappy dips soak that’s where I would be interested for potential long before the run ends. Maybe we get to $10.
VST / CEG AI energy theme continues to ramp. On watch for the blow out and fade day, maybe Thursday/Friday types but the longer they go without a pull back the sharper the eventual one will likely be so puts on watch for me.
Good stuff.. thanks guys!!