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IGC: All pops should be considered shorts, there is zero reason for it to be up anymore, we’re way late in the game, the honeymoon phase is over, and I would treat all aggressive moves higher as either complete forced nonsense or short covering, I suppose it’s the same thing really. No reason to chase weakness or if it’s stalled/low volume I’d probably ignore, but any sharp moves up, I’d be fading, like today.
AMRN: I continue to be a bull here. The market has gotten absolutely pummeled the last week, and this thing has held up like a champ. Relative strength is there, which means keep an eye on it, and if the market stabilizes, this will likely be a good long into the 20s again.
CRON: Getting pretty ridiculous again, but nothing parabolic or crazy yet. Ignore the grind, and look for a sharp move up into mid 13s and I like the short around there.
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See you out there!
– D
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