Watchlist for 01/17/25 by Chris

by | Jan 16, 2025

Just a few things on watch for tomorrow. Finding pockets in the market and not forcing trades when they aren’t there is key. Sometimes things set up really nicely and sometimes there is just one trade for the day and the rest is watching and waiting / doing other projects. 

ERNA has liquidity trap potential. 500M volume to 5M, maybe tomorrow or Monday we get a big cover to come in. Keep an eye out for news or PRs on these plays too. That can trigger the cover sometimes so it becomes a breaking news liquidity trap set up. 

Quantum names had some good pockets today too. I went with QUBT for puts in the AM but sold for moderate gain and glad I locked in. Lots of chop in those now. IONQ clear leader in the sector and the rest ramp and struggle.

EQT nice move with natural gas ramp.

SYM want to keep on radar for more upside. Maybe not tomorrow but possibly next week if market holds up. 

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