On Watch 06/07/18 from Dante

by | Jun 6, 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. 

 

AXON: Been quite the theme over the past couple weeks with these insane volume cheapies, 113M shares traded hands today, just incredible. When you get these, fundamentals sort of take a backseat to price action, you have to just trade what’s in front of you. I have trouble buying them, but it sure has been working lately, and something my group and I are trying to focus more on. It’s going to be more of the same tomorrow – hard to make a call on it right now, as the pre and open action are going to guide my bias for the day. Gut is to fade whatever is going on in the am, if it gaps more pre & rips out of the gate, will be looking to short it, but if it opens weak and the volume is still there, it may turn into another good long idea with a 4 risk. We’ll see what it looks like in the morning.

TSLA: Pretty impressive, Elon does it again. That’s a pretty ugly candle on the daily chart today if you’re one of the 38 million shorts betting against this name – will watch for some more follow thru and for the squeeze to continue this week, especially if the market cooperates.

CODX: Thinking this is close to done. 4.80 the line for me, will look to short pops under that and this is swing-type.

 

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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