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GENE: Definitely a candidate for the Perennial Shitbag Mount Rushmore, always enjoy when this one comes around. Could see it just puking right out of gate tomorrow, but hopeful for anything back near 5 for an ideal short opportunity.
APOP: All that gap this morning because of 2 new patents, pretty awesome lol. I think they have like 65 or 67 now, something like that. So the two today are likely completely meaningless, and the action today would dictate that pretty clearly. Ideally some early covers come out and get back into 5 area for a reshort opportunity. Dead duck here, don’t forget we came from 2.
YUMA: This was left for dead the last two days until CEI ramped up and then more Iran issues caused the energy sector idea to be in play again. Tells me mainly that this is very weak, and the “me too” of the duo now. Would expect it to give back these a/h gains tomorrow, hopefully it gaps up more in the am and looking to fade any open strength.
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See you out there!
– D
Brilliant commentary ;-D love it !