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LEJU: One of the only decent setups today in smallcap land, so naturally it got crowded beyond belief. Shorts are still pretty bent it seems, so may create another morning problem and give another opportunity 2+. If decent blowoff thru 2 I’d be there for the short, otherwise probably ignore.
CRON: With TLRY and CGC of course. Someone is having a blast with these, incredible volume and insane buying in the weed names last week or two. They seem very extended at this point, and some bullish CNBC commentary today so that’s usually an indicator of some downside to come, we’ll see if they break soon. I’m looking to short these the next day they gap up/rip out of the gate like they did on Tuesday. Those are the days you want to be there short, if I don’t see that, I’d assume they probably just keep marching higher. All the weak opens have been traps, so be aware of that.
OBLN: Ideally shove thru 3 whole number into low 3s daily resistance area for the short.
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See you out there!
– D
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