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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.
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See you out there!
– D
Nice list thanks!
Your watchlist was 3 for 3, nice