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OCX: Sick volume. Actually didn’t do anything with this today on either side, after the morning it kind of just channel traded in no mans land, never got a short signal. I think we’ll have a better edge tomorrow. Per usual on these types, I’m looking to fade the open action. Pre strength/open rip through 7s I’ll be watching for toppy action and for a short signal to set up. If not and we open weak (the more likely scenario imo), then will be looking for 5 to hold and become more long bias. Over/under 5 is kind of the do or die area now here. We’ll see what we wake up to and have a better idea then.
ZYNE: Ideally open shove back towards 5.30-5.50 area and looking short around there.
TRVN: Impressive today, expected this to give it up at some point this afternoon and they just kept supporting it. Higher the better out of the gate tomorrow, another shove into 1.50 and it’ll have my attention. Watching for that to reject and then shorting pops off a .50 risk in perfect world.
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
Hey Dan – a member of IU here. Can you say most of your trades are shorts? I have a problem I can’t think of going long on anything and I want to fix it.