OddStockTrader Scan 3/25/2020

by | Mar 24, 2020

Fell asleep after the close today. Mind is pretty much stretched at the moment. So much going on every single minute of every day it’s truly remarkable. Big big market day today but futures already fading after hours. We haven’t had two green days back to back in over a month and doubt we do tomorrow. Going into tomorrow with a short bias on most names provided they give good entry levels. Here is my list

BA – Morning rips in the first ten minutes to lean short. Big move off lows and I think we see $120 again pretty fast tomorrow.

NKE – Fading the earnings on this one. It is no time to be buying/bidding up anything on earnings and this just gave a lot of meat on the bone. Main short for tomorrow on anything over $80

FB – Fading after hours below $160 but ideally get a push on $162 for the short.

CGC – Push on that $14 area again for the swing short entry, likely puts as well.

IMAC – Unreal move here. Will look to borrow shares if needed in the am but if this gets anywhere near $7 will look to hammer it short. May play long out the gate first depending on the action it provides.

GHSI – Chart still holding up. Like this one on a firm .60 break with volume.

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