On Watch 05/17/18 from Dante

by | May 16, 2018

 

You can find a compilation of all Alex and I’s webinars here. 

If you’d like to get involved in the community, there’s a Tax-Back sale still going on here.

Also if you haven’t seen yet – I’ve  started an Audio-Blog series. I narrate all my favorite blog posts for you guys. You can find that here. 

 

BLNK: Has been the stock from Hell if you’ve been looking for the top. I swore 6.50 was it when it peaked there 3 times last Friday, then more games today. I have a feeling they’re going to dump a nasty raise on longs in the near future, well it’s definitely coming, just a matter of when. I think this is one I’d rather be a spectator for now, and once the inevitable smack comes, I’ll be looking to join pops after “they” are done with it. Back-burner for now, just keep an eye, there will be fireworks soon.

HEAR: 20 blowoff seemed inevitable after the action last few days. I was pretty unimpressed with the 20 move today though, something sort of tells me they’ll do it one more time. I would continue to avoid weak opens if looking to short this, and look to scalp/fade strength and or/ buy dips whichever side you’re on until this resolves itself with capitulation volume and an exhaustion move. Even with all the crazy volume it’s been having, there hasn’t been that “wow” day yet. it’ll likely need one before it goes away.

CHEK: Perennial shitbag back from the dead. Not expecting another blockbuster run, but would love another good day maybe get us to 7s and look for a stuff move & failed follow thru around there for the short back down.

BOXL: Like the short idea on pops ideally mid 10s with 11 o/u risk.

 

If you’re not an IU member and would like to become one, there’s still a sale going on here. Shoot me a PM anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss trade ideas with you.

See you out there!

– D

1 Comment

  1. Thnx for all the explanations

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