Dealer, It is extremely comparable motion to the earlier week. I would sound like a damaged file, but it surely stays an opportunistic surroundings for move2move / momentum buying and selling, particularly with day 1 in-play names and breaking information / headline-driven alternatives.
So, as outlined in earlier weeks, that’s predominantly the place my focus stays till the market shifts gears.
So, whereas my focus is totally on contemporary names in play on an intraday foundation, listed here are a couple of concepts that I’m coming into the week with:
(NYSE: BBAI) Improbable mover final week, with two notable lengthy alternatives that a number of on the desk capitalized on: the breakout on Wednesday and follow-through on Friday. Going ahead, nevertheless, and contemplating each the mechanics of how the inventory trades and what drives it, together with its fundamentals referring to dilution, I’m extra targeted on a possible brief setup.
*Please word that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements similar to liquidity, slippage and commissions.
As you’ll know, primarily based on the standards shared earlier than, this doesn’t but qualify for an A+ reversion alternative. Nevertheless, if, and it’s a giant if, at this stage, the inventory can prolong over $10 on continued quantity and vary growth, it could enter potential A+ reversion opp. I’m enthusiastic about that, though it stays unlikely at this stage. Alternatively, for a lesser alternative, extra alongside the strains of a B+ commerce, I’ll have it on my radar for a FRD setup or failed follow-through on a gap-up on Monday.
(NASDAQ: AFRM) Wonderful outcomes reported final week, and follow-through on the numbers taking the inventory to new 52-week highs and a breakout throughout a number of larger timeframes. Fairly easy setup right here in AFRM going ahead that may warrant motion.
*Please word that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements similar to liquidity, slippage and commissions.
I’d wish to see this grow to be a possible earnings continuation swing. For that, I would wish to see relative energy proceed, together with earlier resistance flip into assist close to $73.50s, and the multi-day VWAP anchored from earnings maintain up. If that every one conforms, I’ll look to get lengthy on the next low OR pullback into multi-day VWAP and assist OR a 2 or 3-day breakout after an inside day or two, for instance, just like PLTR from final week. Like PLTR, I’d be focusing on ATR extensions above vwap to take income and path my cease utilizing larger lows on the 5-minute timeframe.
(NASDAQ: MGOL) Dilutive small-cap inventory with a historical past of pump and dump motion. Improbable reclaim on Friday on the finish of the day and squeeze out into the shut and AHs. These had been merely cussed shorts that had sized up aggressively for an all-day fade and had been getting squeezed out. Now, sadly, the inventory gave that squeeze again into the 8 pm shut, however I’m hoping for a gap-up on Monday morning. A niche up into $0.50 – $0.60 + would arrange the potential for an A chance in my books. Whereas I would scale on the brief facet, I’ll be on the lookout for a transparent rejection above or under $0.55 and decrease excessive to brief aggressively towards, with a HOD cease, keen to swing brief for a transfer again towards $0.20. Once more, ideally, this continues larger. The upper, the higher for the eventual fade again to actuality.
*Please word that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements similar to liquidity, slippage and commissions.
And lastly, I’ll be holding a detailed eye on nuclear names, particularly OKLO.
(NASDAQ: OKLO) Nothing I’m appearing on now, neither lengthy nor brief. Too prolonged for me to provoke any new longs and never but prolonged sufficient to go brief. Nevertheless, given the elevated brief curiosity, quantity, and vary growth on Friday, It’s now on facet look ahead to a possible imply reversion alternative this week. Why? I’ve seen the quantity and vary have begun to develop, extensions for a number of key SMAs at the moment are checked, and all I want now’s for the hole standards to be met, together with continued vol and vary growth. If that occurs, it might be an A+ reversion alternative.
*Please word that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements similar to liquidity, slippage and commissions.
So, as you’ll be able to inform, it’s a special tape and surroundings proper now. Loads of potential eventualities and fewer on look ahead to the upcoming week. Once more, for me, consistency and success is coming from momentum buying and selling. Particularly, I’m in the precise shares, figuring out in-play names on an intraday stage, with setups and alternatives that align with my playbooks.
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