SMCI main watch today did not disappoint !
Great short pre market into that near $45 parabolic – came right into the wheelhouse wanted and then never looked back. I think if I added every cover it would have been an even better day lol
BBAI what a squeezer – turned out alright had one early entry but behaved if I didn’t cover on that flush I would have made nothing on it. Great example of have your ducks out ready to cover cuz that liquidity pocket may only last a few moments on the pull.
And, KDLY what a beautiful forced squeeze today – did okay but definitely should have been more aggressive on the back side. That was clean as hell. I love those types because once they force the covers to come in that was their exit and they always are super heavy – literally faded 50% off the clear out.
In this market we have to be good with a bias changing – case in point OMGA and TIVC – both great covers despite wanting more originally those covers ended up being the best spots — had I forced my thesis/bias to play out vs. respecting the tape we’d be having a different conversation.
AIFF good walk through today HOPEFULLY big squeeze out — but we’ll see. I would be equally ready for small gap flush unwind or weak open ramp into circuits etc. I think it’s a coin flip until tomorrow.
TIVC gapper idea went to .90 AHs so far – could be a wild one.
Main Watches:
SMCI big one today – ideally keeps gapping and fading. I think it was a crutch gap to get liquidity to sell all day. Ideally more of same. Pick your spots don’t chase it.
BBAI IDEALLY $10 + gap para unwind. I think a lot of this has to do with options. CRAZY strength today. Did not expect that but behaved well and got a good scale but the best part of the trade was the cover.
TVIC great plan and good key levels we know .52 and .60 both reclaimed before the squeeze (I was long gone by then) — but – nice move on the gapper idea so far.
KDLY thinking unwinds again tomorrow after they try to pump it pre market.
AIFF more in the AM
Staying Familiar:
Thank you for the feedback on today’s action and what to expect tomorrow. Starting to understand the idea of patience and waiting for clearouts, exhaustions, etc. Still a lot to work on, but feeling like I’m getting a better grasp of what to look for and when to react. Learning to not anticipate/guess and hope it goes “my” way.