I know the ATR on this one is small, but if we break back below 17, we may see a momentum burst to the downside with some extended range. Would be willing to consider shorting any pop into the low 18s if it were to spike off the open on Monday. The new monthly pivot will be 18.39
PROTIP: If you have problems seeing short ideas because you are typically a...
Another name from the Consumer Discretionary sector that just rejected the underside of the 20d on Friday pretty convincingly. I’m watching for this name to lose 82.5s and then short pops on lower highs. I know that the travel sector can be pretty cyclical and that there is a lot of traveling over the holidays, but this isn’t a swing idea and I’m not concerned...
This idea was on the #SundayPrep back in late September when we had the big volume and breakout. Even though that move eventually got stuffed, it never really broke down. Instead it continued to make higher lows and build the base. Now we are breaking again and the whole sector is hot. With Tesla and Lucid sparking life to the EVs, I’m looking to buy any weak open...
This name is getting a bit frothy up here, especially when you look at what this stock has historically had as extreme moves. Thinking there is a real nice fade in here and would love to see a push towards 83s to get it looking even more juicy. As always, wait for the author to tell you it’s time instead of playing guessing games the whole way up and ending up...
Ignore the swing idea on here as that idea is complete and nothing left to do with it, but I like to keep old ideas on the charts so that I can look back at things later on. But this is really starting to speed up and get some real separation from the 20d. But keep in mind that it already pulled back since the initial big move up, and it clearly showed the ability...
I know this move down on the earnings report might seem overdone, but you have to remember where that Consumer Discretionary ETF ($XLY) is trading. If that sector is about to roll over and fall back to support, a name like this is very likely to have some more downside. I think any push back to high 108s/low 109s offers a pretty good area to look for lower highs...
Social media names have gotten crushed recently and with the market where it’s at, they might come down a bit more if we roll over. I think Twitter off that 48-50 area offers a great spot to watch for buyers to show up. The monthly 20sma will adjust Monday morning, which I’m guessing will be somewhere in the low 50s. You have your quarterly pivot down at 49.17 and...
SPAC that has had a recent move up on increasing volume. Notice how after the big move up, all the dips keep getting held? This could be gearing for a major move and it is LOADED with shorts. Over 14.43 and we should see some fireworks. The idea is to be in from down here and that way you can be patient to let it work. I’m eyeing dips vs 12. So far the pullback to...
Recent SPAC that is in a VERY interesting sector; digital assets. Momentum is not dying so far on the name and as crazy as it may sound, I can see this one getting REALLY wild if this trend holds. I’m looking for 2 different areas. The first is that 32 level which lines up with the 61.8% fib level as well as Thursday’s HOD. If that area doesn’t hold, the next area...
Very nice daily chart here. Just broke out to new highs. Was a 28.5m share IPO priced at 36. Thinking a pullback to that 48 area offers a nice spot to watch for buyers to show up. You have the quarterly pivot/weekly pivot/61.8% fib level all in that same area as well as Thursday’s HOD.
