On Watch 05/01/20 From Dante

by | May 1, 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.

W: Market didn’t cooperate so no trade on this one today, but right back to that key 122 spot, so same plan as last two days. Long bias above 122 with market cooperation, short bias below there.

INO: Some air finally out of this pig. Can see if continuing lower, watching for any open shove into low 12s for the short. Not something I’d swing right now, they’re liable to give a BS update on their shitty vaccine at any time and spike it $1+ a/h or pre. Still very much headline risk, but algo has clearly walked and no buying interest at the moment.

AMZN: Everyone thinking this is fading back to 2100-2000, which it probably should..but may not be in a straight line. Wouldn’t be surprised to see them catch some people back higher tomorrow first, as short bias should be prevalent tomorrow. If SPY cooperating not afraid to long this.

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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