On Watch 10/30/18 from Dante

by | Oct 29, 2018

 

Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here. 

 

CGC: Weeds got absolutely pummeled today…nuts. I expect a lot of that had to do with the overall market as well, I’m not sure I’d try and bounce CRON or IGC they are total shit bags, but I like CGC for a relief rally tomorrow, ideally a weak open that gets saved off 32 & bounce from there is what I’d look for.

SOLO: Ideally push over that 5.30 spot tmrw to scare some o/n guys out and a panic towards 6 for entries on the re-short.

YECO: Nothing I want to chase lower, but if we got 7s again then that’s interesting for the re-short. I’ve got a horrible bias against any Chinese Nasdaq names since 99% of them are total garbage and this one is likely no different. Keep eyes on for strength and failed follow through for another short opportunity.

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

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