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AAL: Nice this am early if you got it. I think lots had the same idea, so you know what happens when everyone is on the same page – almost never works in that moment. So the initial attempt at higher here was stuffed. But that doesn’t change my outlook on the idea, I think it will remain bullish. Weak open sub 13 ideal tomorrow and then looking for bids to show up again for bigger picture run.
SRNE: Henny Ji telling shortsellers to “beware” is almost the sure fire end of the line for this absurd pump, so have it on radar daily now. It’s heavily shorted and rightfully so, but when that’s the case, you also have to be smart about picking your entries. It’s not one to chase weakness, just like this morning. Watching this to shoot back 8.50-9+ early and then for failed follow through from there. The only short entires on this name should be into strength, not weakness.
TSLA: It’s getting close now to a top in my opinion. Famous last words, but as long as you are smart about it (set stops), nothing wrong with having a bias. Watching anything back into 2275 – 2300 area tomorrow. Want to see 2270s ideally reject and short pops from there, but if it wants to breach recent 2300 highs, that would be even better, and looking for entries shortly above that. Weak open, will ignore.
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See you out there!
– D
Nice watchlist and very informative explanations as usual, thanks!
Great. Thank you