Last day of the month tomorrow so make it a good one. Hopefully everyone out there is doing well and these free-scans have been quite useful to you. Quite a bit of action as of late and so many trades each day that if this market ever calms back down to the “normal” levels of volatility we are used to we might all fall asleep at our screens. Either way should have a bunch of trades out there tomorrow.
TOPS – Was able to sell the swing I kept for nearly a 4x (wasn’t huge) but was very nice. Can see this really trapping people tomorrow and ideally we get a big washout in the AM for one more long. This can now get quick into $1 if the action we have been seeing persists.
USO – Think we are due for a relief oil bounce. Not going to marry it but will have oil futures up. Oil needs over $21 convincingly to sustain a big rally to spark oil names.
NET – I expect this to finally break that $25 level tomorrow and possibly skip a buck or two. Prefer playing this one on the call side.
TMDI – Nice one intra-day in the room today. Held this level into after hours so will be worth keeping an eye on it if we can get another .40 breakout.
AMRN – SMOOOKED after hours into the $4’s. Should provide at least a hard fade and possible bounce trade so will be on main screen.
NCLH – $10 is a big mental level on this and if it crack who knows where it can go. Will be amazing to me if they go Bankrupt but hard to imagine they will. $10 breakdown and peak out for short along with puts.
HUSA – Odd name and has held well. Only care on trigger of that .14 breakout with .15 confirmation.
UWT – Smoked oil ETN. Only care about it over .20 and with steady oil rips.
Thanks
Thanks!