On Watch 06/23/20 From Dante

 

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IDEX: On this addition of “Robinhooders gone wild”, we have IDEX. Hopefully this gaps up 4+ and we get a nice trade on it 9:45+ around 4-4.50. I don’t see it going too much crazier than that, but I guess you never know right now. Weak open I will ignore the short until 3 peaks out, don’t want to be shorting down into that level.

VERI: This daily chart is NUTS. Guess it’s just getting legs with the rest of the tech basket, but I would think a correction is due soon. Watching this one every day – nothing to short into a grind, it’s proved it can just chug along indefinitely, but when there is a crack day it should be pretty big. First looking for the typical reversal signs, like an abnormal volume day, bigger than normal gap up, or breach through psychological level ($20 in this case) So just keep eyes on it.

EVOK: This is the dictionary definition of monster trash. Definitely has more to give, just not sure it’ll be in a straight line. Hopeful they can gap it up tomorrow and back towards 4.30-4.40s for a reshort opportunity.

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See you out there!

– D