Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here.
Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community.
Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be the time to do it. You can have a look at those options here.
INO: Well that was fun while it lasted. Shame it couldn’t push early for a better trade but they wanted out like the plague this morning. Watching tomorrow for some covers to maybe get us back to 5 area for a re-do. If it builds back above that 5.15 area at all though, run don’t walk from the short trade. The Coronavirus headlines aren’t going anywhere anytime soon as the infection rates seem to be escalating, so you never know. Assume short until key levels hold, then be disciplined and trade what the price action is telling you to.
ARMP: 5.50 area of interest tomorrow. If it builds above there and hangs around, think squeeze type back to new highs. Otherwise 5.50 o/u fail and think short pops risking off that area.
HEPA: Big a/h move. Approach here will likely be to fade the open look. If we gap higher/open rush through 8, will be looking to fade that. Otherwise weak open down into low 6s, watching for that to hold for the potential trap and long back up. Either way wouldn’t be trading it around the high 6s low 7s its anyone’s guess here in that range, let it show it’s hand first.
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
0 Comments