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GOGO: Everyone with the same idea today, so didn’t quite work – yet. It was too high at 7 so now it’s an even stronger idea. Just have risk management in check and don’t fight with it, but a very good short trade is brewing. Watching with a similar plan to yest – look for a gap up or early run 10.50+ and that is the edge on the short trade. If it opens flat or weak, let the first 30 mins or so play out before pressing any buttons.
SDC: Nice move today. Would be looking to fade the open look – weak open into low 9s would watch for that to hold and long trade back up, or break through 10 towards 10.50 early and watching for that to stall out and fade it back down.
PTON: 100 seems inevitable now. Watching for any weak opens back into high 80s to hold up for the long trade back up.
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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