Trader Mike's Notes

These notes are here primarily to show my process and how I use the scans to find setups. This is NOT an attempt to be a stock picking service! I want people to use the site's extensive functionality to find their own setups which match their trading plans, strategies & risk tolerances.
CGNT - Cognyte Software Ltd.

Not a chart comment... This was spun out of VRNT today and the company description sounds a lot like PLTR. Given how hot PLTR has been this could be worth keeping an eye on.

TDOC - Teladoc, Inc.

One of several nice looking pullbacks I saw tonight while running a Combo Scan of "Calm After Storm" and "Non-ADX 1,2,3,4 Pullback". Full disclosure, I'm long TDOC in my long term account from much lower :-) BYND, SHAK, BLNK and BIGC also made my potential buy list for ttomorrow.

NFLX - Netflix, Inc.

I love these post-earnings gap fills. I’ll be watching for a narrow range bar or a hammer candlestick the next few days as a sign of a coming bounce.

CGEM - Cullinan Management, Inc.

The Hot IPO Pullback comes through again! This raced to a one-day 19.6% gain after signaling a Hot IPO Pullback yesterday.

X - United States Steel Corporation
X

A 17% breakout for X??? I highly recommend going through the Expansion Breakout scan for today. There were a ton of big moves which clearly reveal where money is rotating to -- IWM (small cap, Russell 2000), MDY (mid-caps), clean energy, cannabis, XLB (basic materials), etc. I'm adding a lot of stuff to my watchlists from that scan tonight.