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NIO: Bigger volume day today. That’s what I like to see to start thinking turnaround. Watching for the 32s to reject tomorrow and then would look to join pops from there if they do once a lower high is in to risk off of.
AAPL: Nice dip on pretty good earnings. The iPhone sales I really don’t see as being a major problem (as earnings beat even with the declining phone sales) and I think that will be resolved, and I think even more so the dip a/h was largely due to the uncertainty they left by not giving guidance more than the thought that there’s any real problems at Apple. So that said, I’m hoping to see a weak open tomorrow and then would be long bias and looking to start in on dips.
MGEN: Higher the better tomorrow early, perfect world would be a shove over daily chart highs of 2.30ish and into 2.50 for a short starter area, will be all over that. If not, any 2 rejections tomorrow it’s still worth a short try as this company is very clearly hot garbage.
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