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SHOW NOTES

Highlight of tape during a different market environment in which you are trading the tape ● Strong Market Environment vs Weak Market Environment
○ Strong Market Environment
■ Clear picture in market to force stock in one direction
■ Clear theme in market driving a specific sector
■ Sentiment is decided
■ Clear levels and setups identified
○ Weak Market Environment
■ No clear direction with large amount of volatility
■ Choppy setups making moves from midrange and spraying key levels and reversing
■ Slower starts to breakouts
● DWAC 1/11/22
○ What does the beginning of the move look like in a weaker market?
■ Saw 70k and 100k volume bars, 200k from previous day (Signs that
someone crucial is trying to get in)
■ Want to see tape speed up and spread become tighter
■ Breakout of $60 (Don’t want to see it hang around these prices with
exponential volume coming in)
■ Capture P&L in a weaker market
● NKLA 1/13/22
○ Short Squeeze Trade
■ Looking for reactions around $11.50$12
■ Looking for 700k volume bar and saw a 1.5m volume bar (Double
opening volume)
■ Noticed on tape small ticks up were getting sent back down (Not a good sign)
■ In a stronger market there should be follow through after seeing
exponential volume bars
■ Tape starting to slow back down
● F 1/10/22
○ Playing off intraday level
■ Breakdown of $24 with tape acceleration (Looking for pop back in)
■ Looks for the retest of $24 with a failure and quick move down
■ In weaker environment you should see cleaner action to the downside (Sell first, think later)


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