Before you try to trade the next big gap open, you need to know this: not every gap wants to fill. In fact, when ES futures opens up 1% or more, chasing the gap fill can become the trap.
Henry reviews the recent DoorDash stock breakout and explains how a high-compression squeeze near the fireline helped signal a powerful fast-money move. He then compares that setup to Textron, which is forming a more standard consolidation and squeeze pattern, with Henry watching for a potential move toward 110.
While the market had a huge move yesterday on global reconciliation news, there was little follow through today. Buy the dip, or sell the rumor? Let’s take a look.
I’m buying APLD today because this ticker has experienced a fundamental shift after multiple bullish post-earnings gaps. This ticker historically rallies 6%+ during the pre-earnings time frame, and with 30% short float, it is setting up for a massive potential short squeeze.
