Day Trading Watch List for Thanksgiving Week & BLACK FRIDAY
Published: 2024-11-24
Status:
Available
|
Analyzed
Published: 2024-11-24
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin is currently trading just under $100,000, a significant resistance level that has been tested multiple times without a sustained break.
"the price of Bitcoin is uh still just under 100,000 so we're right here uh just under 100,000 we kind of pierced kind of come up to it a couple times and dipped back down so this is a very this is a big Line in the Sand um"
Pending
Bitcoin needs to decisively break and hold above the $100,000 resistance level to be considered interesting for further upward movement.
"100,000 resistance so it keeps tapping its head against that resistance it needs to break above it and hold above it once it breaks and holds above 100,000 that'll be interesting"
Pending
Expect reduced market liquidity during Thanksgiving week, suggesting traders should reduce position sizes.
"it may be harder to move in and out with big positions so this will probably be a week to size down a little bit"
Pending
Companies are likely to release significant positive news on Mondays rather than Fridays during holiday weeks due to lower trading volume on Fridays.
"a company is probably more inclined to put out good news next Monday you know a week well this coming Monday and then the following Monday and to not put out news on Friday so we shouldn't be surprised if we don't see big news headlines on Friday"
Pending
Small-cap companies, particularly from China, might strategically release news on low-volume trading days to capitalize on a lack of other trading opportunities, potentially causing a significant price surge (300-400%).
"perhaps out of China who will put out a headline hoping that the traders who are in the market will see it and will jump on it for lack of anything else to trade and that could create a wild card move where suddenly you have a stock that goes up 3 400% because there was sort of nothing else to trade but that was the one that put out news"
Pending
The stock XC experienced a significant price move on a relatively low volume of 13,000 shares for that specific candle.
"but this this candle right here oops sorry this candle right here how much volume was on it so this candle where we broke away 13,000 shares of volume"
Pending
XC showed a divergence between price movement and volume, suggesting the upward move lacked a strong news catalyst to fully engage traders.
"so that's the Divergence right there and it's because there wasn't a news Catalyst that really got a lot of Traders excited had there been news it would have been a different story"
Pending
FBRX exhibited a significant drop in trading volume from 30 million to 400,000 shares over a few days, indicating a potential loss of trader interest unless a new news catalyst emerges.
"so the daily chart on this one you can see high volume Candle on the first day and then lighter volume on the next two days in fact yesterday's volume or Friday's volume was only 400,000 shares so you go from 30 million shares to 400,000 shares a couple days later it just goes to show how Traders give up on these but if it had a another news Catalyst boom Ju Just like that next thing you know Traders would have the conviction to to get in and take some size"
Pending
AGFY exhibits volatile price swings on extremely low volume (e.g., 8,000 shares for significant drops, 700,000 shares daily), making it difficult to trade and manage risk.
"but look at the candles how do you trade this I mean it's you've got these big drops which happen on I mean those drops happened on 8,000 shares of volume it's like a 10 a 125 Point drop so we look at the volume on The Daily and it's like 700,000 shares a day it's just unfortunately not easy to get in and out of it"
Pending
The speaker requires higher trading volume to execute larger trades and effectively manage risk due to spreads.
"for me uh I I really do need a bit more volume in order to get in and out with bigger sizes and to manage my risk with the spreads"
Pending
PDYN had a significant move with high volume (80 million shares) relative to its float (16 million shares) and is a potential candidate for watching a break of $5 on Monday.
"PDYN this one big move 16 million share float 80 million shares of volume I mean it was it was a grinder for sure it did keep grinding higher but uh it was a grinder that could be worth watching for um a break of five pre-market on Monday"
Pending
QMCO showed upward movement but with choppiness and topping tails; it remains on watch for Monday if it can break through its previous highs.
"qmco this one's funny um it you know again it moved higher but a little bit choppy um some of these topping tail candles and some of these bigger red candles is it worth watching for Monday I would say yes if it can break through those highs"
Pending
NA is considered too volatile and risky to trade due to frequent halts, large wicks, and a pattern of rising on low volume only to be pushed back down.
"NA for continuation on Monday this one's kind of interesting because it popped up back here sold off back up sold off rips back up back down back up so it's kind of Jumpy um I I don't know that that this one's going to work um it halts a lot it has big candle wicks these big it's kind of like it moves up on light volume then gets slammed back down so I don't think that one's going to be safe"
Pending
BKKT, due to news of Trump Media's potential acquisition, experienced a 200% surge. However, the speaker doubts this price level will hold, given Trump's perceived negotiation style.
"bkkt this one had the news with Trump media um supposedly in advanced talks to buy them it's holding but the thing I said about that was you know it went up like 200% in one day and Trump being you know the art of the deal this and that he's not going to want to pay I don't think he'd want to pay that kind of money so uh I don't know that's going to hold that level"
Pending
FBRX, which was not previously on the watchlist, experienced a significant price increase from $6 to $19 after the company released news.
"so like if we go back to to THS or Wednesday with fbrx you know this one wasn't on the watch list the day before there was nothing about it that was interesting and then all of a sudden the company comes out with news and it goes from 6 to 7 to 8 to 9 to 10 all the way up to $19 a share boom that's awesome that's a really nice move"
Pending
The strategy involves monitoring specific stock scanners (small cap high day Momo, running up, low float top gainer) for stocks showing upward momentum with increasing volume and recent breaking news (within the last two hours).
"be watching for stocks to hit the small cap High day Momo scanner the running up Scanner or for stocks to be moving up the low float top Gainer scanner when you see the arrow the Green Arrow a stock is moving up that scan and you know volume's coming in look for the news red is news within the last two hours so we want to see breaking news on these"
Pending
XC has news available, but its significance is yet to be determined.
"see is uh I do see there there's news on this just don't know if this how significant to approve"
Pending
FBRX initially appeared on scans with lighter volume, and a breakout above $8.50 became a key point of interest.
"so fbrx first hits the the scans and um the volume was lighter all right so when this first hit the scan right here didn't jump in it popped up pulled back comes up again pulls back and this break of 850 that was where things got interesting"
Pending
JTI showed an initial pop, followed by hesitation and then a push higher, with distinct first and second pullback points.
"jti yeah so this one you got we got the first pop right here sort of hesitates there then it pushes higher so this was sort of the first pullback right there and then this was the second pullback right here"
Pending
Opportunities may arise in crypto sympathy stocks (e.g., BTCT, MARA, RIOT) if Bitcoin can break and sustain above $100,000, though the impact will be assessed on a case-by-case basis.
"will that translate to opportunities on some of the the crypto sympathy stocks that we've watched uh recently btct I would have thought so but maybe not Mara you know this one's giving a little bit more um sympathy Riot this one's um you know pulled back a bit so you know we'll have to kind of go Case by case but I think there will probably be some opportunities on um crypto sympathy if Bitcoin can get and hold over 100,000"
Pending