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TNDM: Great idea today, was hoping for a little lower out of the gate and I ended up missing, but that’s ok. For tomorrow, I’m looking for the opposite, and maybe some profit taking after e/r beat. So in order for that trade to set up, will need to see ideally gap up or strong green open, and will be stalking a fail from there Perfect world we get an open shove into 68 and then watching for sellers to step in and to short lower highs from there.
TSLA: Think opposites here, as always. The news of a 35K Model 3 is really not good news for Tesla right now, it destroys their gross margins and likely creates more problems than it aims to solve, near term at least. That said however, I think that’s common knowledge, and if this opens weak and holds, I’d be very interested in the long. I’m watching for some early selling back down into 305 ish and if that stalls there and it find a bid, expect it to move higher from there. If opens higher, likely an ignore for me as anything could happen from there.
UNIT: I don’t quite get this story, I think WIN is essentially worthless, which spells massive trouble for UNIT and a 70% paycut. The pushes and bids in this name the last few days haven’t been anything special. Doesn’t appear to want higher. I’m watching for an open push into 10 and a fail there, and I like this short in that scenario. Should WIN essentially go belly up, UNIT is worth no more than $6 on a good day, and likely where it’s headed in my opinion unless some miraculous news comes out of WIN headquarters sometime soon that they’re going to be ok. Which I doubt. Check that chart out to see the confidence of WIN owners.
Shoot me a message anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss your trade ideas with you. If you’re not an IU member and would like to become one, you can join us here.
See you out there!
– D
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