On Watch 05/1/18 from Dante

by | May 1, 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. 

 

I: Absolutely brutal action. This is a real tough trader, extremely thin, highly manipulated, crowded, you name it, it’s got it. I think it’s best to either completely avoid, or consider it a long on dips anywhere above that 11.50 consolidation area. This is one I’d rather be $1 late to than $3 early. Patience, and don’t fight it. NOT an “add add add” name.

AQMS: Interested in the short if it can shove back into previous high area around 3.50, in a perfect world it pushes thru & look for a stuff or fail from there for entry.

DARE: This one may be wishful thinking, but I’m really looking at this as a possible long. I just can’t understand why they hit this with 20M shares in a super tight range out of the blue and never ran it up. I’m still thinking one of these days it finds volume again and they rip it towards 2. No play unless 1.30s+ on volume  though. Just back burner for now

FB: Nice action today off the lows, think there was some fear about how Zuck would handle his speech today, which went well imo, and then the dating app news really helped, seems like sentiment is strong here, would be long biased on dips in any green SPY environment.

 

 

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

 

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