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VTVT: Watching for morning shove to fade again like this morning. Into 2.80s with a 3 o/u stop.
NBEV: Today’s news was pretty bad for the weed beverage space, sounding like a lot of obstacles yet until they make any real headway moving forward. I suspect we’ll see these names again in the future they’re easily pumpable and idiots love buying this trash, but expecting them to die off for now. Watching for morning shove back towards 5.70s to get short with a 6 o/u stop.
WATT: This one could win Perennial Shitbag of the year award. Pretty calm here today, they may be up to something trying to trap one more round of shorts, but probably not. Most have already moved on I have a feeling. I’m hoping they give it a good shove tmrw into the mid 7s to shake out the weak shorts from yesterday afternoon and today, but if it can’t manage that, I’m expecting a slow death from here on out, and this turns into more of a swing short idea with a low 7s stop.
AAPL: Looking for this to rebound nicely with the next green SPY day. Would have to see an open sell off tomorrow morning towards 140/high130s and that probably turns into a good r/r long once it puts in a higher low or two. All assuming the market is cooperating of course.
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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