On Watch 05/06/20 From Dante

by | May 5, 2020

 

Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here. 

Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community. 

Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be the time to do it. You can have a look at those options here.

MVIS: Still another session before their earnings Thursday, so really hoping they have one more trick up their sleeves. I took a few long o/n just fun bucks in case we wake up to something crazy, but I’m really hoping to see 2+ tomorrow and then looking to get short on an exhaustion move into Thursday.  

CLSK: Looking for an early shove into 3.50 range for a re-do on the short here.

W: This was setting up to be a big squeeze this afternoon into close, and I still think that’s the agenda – just the stupid Fed had to come and ruin the party at the end of the day. Assuming we resume the grind up tomorrow, watching W to catch and thinking big squeeze move through 180 towards 200 as the “grand finale” on this nightmare of a name. Nothing to fall in love with, and yes, it’s up way too much, yes, the earnings did not warrant this much of a move up, but that doesn’t matter until it does. And the reality is that shorts are in a world of pain still and this is not broken until sub 160s. Had a small short win on it today intraday, but NO interest short anymore until much higher or much lower. It’s 50/50 in this range right now as all moving averages will be caught up in the morning.

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

2 Comments

  1. Thanks Dante!

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  2. Thanks Dante

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