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 a good time to do it. You can have a look at those options here.
SNAP: Nasty one today for everyone gambling against into e/r. This will have a glorious multi-month unwind in it’s future, just not sure it happens immediately. I’d be looking at it long tomorrow if it sets up right. And the right set up would be a weak open/sub 36 wash that gets saved. If that happens and there’s a higher low to risk off of, I’d be looking to scoop dips long with that 36 o/u risk area and think $1-3 trade.
JFU: Nice vol. Perfect world would be one more shove tomorrow early back over 2, then look for failed follow through and for the fade trade from there. Any gap down/weak open, will ignore.
NEOS: Very stupid one. Hoping it remains stupid for one more day, and we get to a buck/low 1s here. That would be lovely, and at that point you can seriously consider it for a swing short candidate and it should be a good one.
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
Thanks Dante!