On Watch 08/3/18 from Dante

by | Aug 2, 2018

 

You can find a compilation of all Alex and I’s webinars here. 

If you’d like to get involved in our community, you can do that here.

Also I’ve started an audio-blog series where I narrate all my favorite blog posts for you guys. You can find that here. 

 

Really not much to watch into tmrw for me, small caps were pretty quiet today.

 

TSLA: 320s held and we got that nice follow through higher today. This is starting to get back into the danger zone of nearing those upper resistance levels on the daily again – if the market continues to hold up, I expect the upside move to continue here and can get messy for shorts. Again, you have to just put the fundamentals aside here in the immediate and trade the action day to day. Getting overly bias on this name is a no no.

AWX: Well I had this off radar figured it’d go quietly back to Piggie Hell, but proved it has a little fight with that buck rip today. That may entice some chat rats to jump on it tomorrow and pump it back to life potentially. Not expecting that, but it’s a possibility and any sharp moves higher are worth a look for a short try on this one.

AMPE: I had previously called for this as a short swing, and nothing’s changed with that, however they did announce an investor presentation scheduled for August 8th, so I am praying they run it up into that, and if that’s the case, they’re just setting it up to raise capital again in one form or another. Complete garbage company here, stringing investors along dangling hopes and promises in front of them – playing the biotech game. Higher the better into August 8th.

QTRH: Any move back to 1.60s-70s worth a look for a short try

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

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