On Watch 03/31/20 From Dante

 

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TOPS: Really would have liked to see them let shorts win into close again like yesterday. They did not, so my thoughts now shift to a short trade tomorrow. Higher the better .70+ out of open for a fade idea, or watching .40-.45 as an area of interest on any weak open, below that I'd look to get aggressive shorting pops. Above 40, the volume is still so nuts that I wouldn't fight above that level. We'll see what it looks like in the morning

AMRN: Unreal. Feel like most probably don't even know what hit them yet and weren't getting out a/h, so tons of $$ to flow out of this yet. Hoping they can shove it higher pre and out of open back 6+ ideally, and then looking to short this - should stay really heavy for a while - lot of psycho cult longs here just absolutely buried.

CLVS: Ideally 6.80s shove in morning and then more fade.

P.S. CODX 7's a/h, will soon be sub 5 if you've got the patience 🙂

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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