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Crypto Surge, Inauguration Hype & more- Weekend Watchlist

Humbled Trader's day trading & swing trading ideas

Author

Humbled Trader
January 19, 2025

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DJT $40.03

  • The stock broke out of the daily $39s range recently in anticipation of the upcoming presidential inauguration.

  • Staying cautiously neutral on this name. IF it can continue holding the $39s KL, we could see another gap and run towards that $45-$50s area daily.

  • If it does retest those levels, look for potential unwind a few days later as a “sell the news" event".

  • Position Disclosure: No position

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Notable: Float is relatively low for a $1.6B market cap stock.

DXPE

  • This stock has been on a rip since the start of the year, trending through new all-time highs after its Q3 earnings report.

  • I am looking to join this name on the uptrend if it stays above the $95.7s area. Ideally, the stock does pull back, consolidate at said KL, and then continue higher.

  • This is a potential day trade and swing idea. Under KL, the thesis is no longer valid.

  • Position Disclosure: No position

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Notable: Low float name

BTCT $8.26

  • This is a crypto-related small-cap name that gapped up last Friday after Bitcoin surged back over $100K.

  • This stock has a history of overnight gap-up and sell off (as shown in the daily chart on the left).

  • Looking for the stock to gap up and retest the $11-$12 daily resistance area.

  • If that level fails, we could see a potential short opportunity to the downside towards $7s.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- MicroStrategy Inc. ($MSTR): MicroStrategy’s stock surged after announcing plans to raise up to $2 billion through preferred stock offerings to expand its Bitcoin holdings.
- How we traded: Gap Up Reversal Long Strategy

- Bitcoin Tracker One ($BTCT): Gained momentum as Bitcoin prices rallied, attracting increased investor interest in the exchange-traded note.
- How we traded: Former High-of-Day Breakout Long Strategy

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