OddStockTrader Scan 2/25/2020

by | Feb 24, 2020

What a wild wild day! Basically closed out my overnight puts at the open and called it a day after 4 failed intraday trades lol. Either way should be an interesting rest of the week. I think anything can happen by the open so it’s purely reactionary out there. There are however some travel stocks that I will be focusing on mostly if market decides to rebound. Here is my list.

SPCE – Kind of unreal how well this actually held up. Shorts must be in some serious binds out there for this move to happen. Really think $40 or $30 are the numbers that I care about to join in any direction. This can do anything so I will be ready for anything.

NET – Held well today and that $22 breakout will be huge when it comes. A favorite name long term wise for me. Ideally $20.50 breakout for long. Will also trade any $19 washout.

GLD – I think we get a gap down here. and flush out. Just felt like everyone in chased all the moves today. Have some overnight puts on this as well and that $155 level can bring us into the $152s pretty quick if market bounces hard.

CCL – Looking for that $36 washout tomorrow for the long.

RCL – Anything under $95 I want to just put on a good sized swing and forget about it with a hard 15% stop. I did buy this one for the long term dividend today as a non-sell.

MAR – Looking for the $132 washout long.

VXX – Expecting a nice blowoff top and short on this one. Not going to guess where it is at but it will be on radar. Market can gap either way but I am thinking we churn lower but have a nice reversal tomorrow.

NGTF – Overlooked PR today but was interesting. Like it on the .40 breakout only.

5 Comments

  1. Thanks

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  2. Thank you

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    • Hey Cody! Thanks for the scan. I am usually an intra-day trader. But, trying to adapt and learn the daily chart game. Just want to understand your stops on one of the names mentioned in your scan.

      – $NET – Let’s say the stock washes out to below $19 and you go long, would you keep $17 over and under as mental risk? Or where would you keep your risk?
      2.

      All the other names seems to be reactive. So, I am guessing you would find intraday supports as your risk for them. For $NET I am curious, where would your risks be?

      I know that you are a busy man. I don’t want to know how you would trade this stock. But, just trying to understand how you are thinking when you look at a daily chart?

      Reply
  3. Awesome scan as always thank you 🙂

    Reply
  4. Awesome. What do you think about IMAC?

    Reply

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