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CGIX: Higher the better tomorrow, any shove into 6 area would treat as a good short opportunity – we’ll see what we wake up to.
ARAV: What an insane chart today. You’d look at it and think “it’s probably going to bounce”, but I’m not sure that’s the case. There’s clearly zero buyers around, so I’d hope for higher the better games early maybe into 12 area ideally, and then expect this to dump off even more to new lows would be my guess.
QD: Absolutely insane unwind. I’d expect a bounce tomorrow, due to the massive volume sold off today. Ideal scenario for that to play out would be a weak open down into the 4 area. If it opens higher, would abandon the long idea altogether. Not really looking for the short at these levels though.
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See you out there!
– D
Love your charts! Thanks for scans!