On Watch 07/07/20 From Dante

by | Jul 6, 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 a good time to do it. You can have a look at those options here.

WKHS: Little shock value here today, don’t think people expected it to come apart as much as it did. Watching tmrw for rebound, weak open 14-15 area early for possible long back up. Still another week or so of anticipation here so not expecting full meltdown just yet.

UMRX: Higher the better here tomorrow, ideally back above 2.50 towards 3 early and very interested in the short around there. If weak open down into 2, will ignore. Possible long there but not my cup of tea on this type of range extension to even think long anymore.

NIO: Don’t think we’re done with these EVs yet. Will continue to play them opposite of the opening look. So if we gap up again tomorrow, will be looking to short early shove. If weak open, will be looking to scoop a dip into 11-11.50 area. Daily chart is definitely starting to look a little nuts and I am definitely more short bias than long – but so much vol here that if they set up in either direction, you can’t ignore. Higher yet bigger pic towards 15-18 would not shock me here in coming days.

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

2 Comments

  1. Nice list thanks!

    Reply
  2. Your watchlist was 3 for 3, nice

    Reply

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