Josh Scan 3/7/22

USO- i am looking for a potentially parabolic move to 85.35, 81.53 is before that for me on the weekly chart, but I won’t be fighting the trend, which is long. I think if you have the patience and wait for hourly and daily levels to break down you will be able to capture the backside of this trade, whenever that it is, it isn’t now, we need proof. If we open weak and flush out in the morning im not opposed to taking a long on this either.

OXY- 61/ 65.72 levels of interest on the upside, Icahn  Sold his and Warrens position and adds were revealed, this name was sub 10 last year so getting to be a 500% ++ move, ideally parabolic up and sit back, though a lot of people  are going to be looking for this trade, going to wait for a turn to have any actual size and it wouldn’t surprise me if the trade takes a couple days to develop.

IMPP- would use a quick flush off the open to get long ideally 3.25-3.35 but I doubt I get that, well see, otherwise, some resistance at 4.60s area for potential ss, keep in mind this is giant money flow sector rotation across the board,these trends do not just disappear] in one day

BTU- ideally 30+ blowoff but if hods remain resistance will be looking for short here , tomorrow will be 7th session straight up like the odds shifting on this one, looks like MTTR and HUT when they blew off

MXC- low float potential weak open long here to trap eager shorts

INDO- nano- float im leaving it alone can be 50-60 or 25 from here in a hurry and borrows  expensive, I need names where I can size in and out with huge liquidity and minimal slippage

GUSH- will be monitoring with XPO, looking for blowoff day and then to go red

XOP- underlying to GUSH, will be looking for hourly and daily breakdown candles

USEG- weak open flush potential in the morning to buy vs 4.40  then possible fade off later day

DWAC- if 100 keeps staying heavy will eye for the short setup, think this platform isn’t really anything down the line

AA- looking for a gap up and breakdown on opening range to take advantage of a short trade- what a move this has had

MOS- ideally gap into area near 63.19- 64.74 for a short, outlier move on this name as well

NUE- looking vs 133-135 for potential long

X- straight up looking to short vs 33 if we can extend past, undercut and then build a lower high, I need to Emphasize that I am IN NO RUSH ON THESE SHORT TRADES, I DON”T HAVE TO NAIL TOMORROW, I am stalking for levels and if its there its there, if not I am moving on fast, it may take more days for these to turn over and I can imagine these stocks will have big bounce trades available too, which I will join, these are the strongest and best stocks on the board right now

GLD- trend join post 945am

FB- no signs of strength, no involvement for me until we build about 204.50-206.50

TSLA- will look ss vs 857 for a short if market continues heaviness

ZIM- love weak open washout for the long on this name

UPST- smashed on friday will monitor next few days if it builds higher lows or for another breakdown, either way the range is great on this name

KWEB- chinese names wrecked and wouldn’t be surprised to see this below 25 or all time lows, avoid for me until we build above 10/20 ema

MU- loved this look on Wednesday, but now there is China invasion of Tawain on the table, which is i think is reason for pressure near term, need to see how that develops

ON- same thing need to see where dust settles with semiconductor threat overall

SQ- had that beautiful 3 day momentum move up then just selling, this has been common the up moves are sharp and quick then trend reclaims down as the stocks are trading below DECLINING moving averages

PALL- all time highs, ideally couple days pullback and sets up again for another long,

NEX- like long here vs 8-8.20

LMT- would like to see pullback, sideways then next legs ideally undercut that 442

PANW- looking to retest 10./20 ema build then next leg higher, one of the stronger names out there in cybr security