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JKS: What a beautiful nightmare this one is! Hopefully you didn’t chase the weak open short, as it set one last good trap before hitting a nice even 60 & fade. Ideally tomorrow it shows early strength back high 50s, and will be looking to fade it again as this has likely begun its descent down now. However, would continue to scalp it on short side until that new level of 52-53 proves to be resistance, that’ll be the swing trade tell imo.
AGE: Higher the better here tomorrow, Ideally back into low 3’s and would look to hit the short trade from there, sub 2 on the inevitable horizon.
CEI: Perennial shitbag of the day award, company is all but worthless. Thinking this falls apart in a big way tomorrow, but hopefully not before one more good move in the morning through 1.50+ first. Will have eyes on it to stall out around there and looking to step in short soon after. Anything above 1.50 that holds, 2.20 is the next short target area. Not expecting to see that tomorrow, but just be aware and have it in back of mind.
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See you out there!
– D
Thank you Dante: love your comments, they are so right on the spot