OddStockTrader Scan 8/7/2020

by | Aug 6, 2020

I was all over the place today and really only saving grace was RKT and MAR longs, everything else just sort of crumbled around me. I am noticing that I am shorting more because of some of these moves. Frustration last few days has set in, which is telling me we are close and I will continue to focus on these names. So, here goes.

GSX – Chews you up and spits you out on the shorts. Will monitor all day again for a trade. It might need to have a HUGE crack first and then failed rebound before I even touch it. Just hope its not right out the gate.

OSTK – Looking to join the $90s crack and retest fail ONLY. This thing has been a beast lately as well.

RKT – Glad we have the IPO alerts. I wanted this one when they announced it last month. Great entries and trades here all. Likely gap over $25 tomorrow and flash higher for sells or a short.

AAPL – $465 blowoff short idea. Going to only let it tell me if it wants to crack though as it may just keep grinding people out.

MARA – Looking to short hard tomorrow with $5.50 full risk.

RIOT – Similar idea as MARA but looking at $5 for full risk.

On Watch for Possible RKT Sympathy Plays:

IMH – $1.7s break

IVR – $3.25 break

NYMT – Favorite setup of these

1 Comment

  1. thank you.

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *