Apparently, Reddit traders came back to the stock market today after an absolute beating in the crypto currency market over the weekend. Lucky, for crypto currency holders, we got a series of tweets from Elon Musk late in the day that helped shoot the price of Bitcoin higher, putting us back near a comfortable $40,000 per coin.
Regardless of tweets, $AMC, $EXPR, & Wall Street Bets are back on scans to start the week:
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Other than meme stocks, how about a real stock? $CLF is likely my favorite setup heading into the week, and I’m looking to buy strength with a stop under Monday’s low:
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Another name I like down here is my former stock of the year candidate, $NVTA. My, oh my, how you have fallen. I guess this is the price you pay when hedge funds are out to kill you, a la $ARKK. Let’s see if we can find our footing here, max stop would be losing $25:
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Another former $ARKK darling which has fallen from grace, $NNDM. This stock trades damn near cash after all the offerings in 2020. 3D printing is back on the scans, and this one is one to watch this week:
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Maybe there is one more squeeze left in $FUBO. The gambling stocks were hot to start the week, let’s watch for a break higher here accompanied by volume:
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If oil begins to squeeze higher, think $MRO. Fresh of the scans today, she looks just about ready to break out of this multi week range:
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If you can get a pullback in $RBLX, I think it’s buyable. My gawd, the market hates moment growth names here, this move speak volumes. Buy the dip to support:
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Fake meat was all over Monday’s scans after @Raul tweeted the ticker (halfway kidding). A move above Monday’s high can get this thing back in motion:
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And, it’s always good to keep some precious metals around in times of uncertainty. $CDE lighting up the scans to start the week, watch for a breakout:
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For a look at Monday’s full scan: CLICK HERE FOR CHARTS
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Scans called it
Smart observations RC.