On Watch 11/9/18 from Dante

by | Nov 8, 2018

 

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

 

CRON: Short swing working better today. Didn’t get involved to cover for .60c, so still holding all and ideally would like to get 1.5-2 pts out of the trade. Adjusting risk to 10 stop now from 10.30 previous. Shouldn’t see higher again imo, if it does that’s a red flag.

ETSY: This has been trending up for a while now and just broke through new 52 week highs, looking for a pullback day tomorrow. Will have to keep an eye on the overall mkt, but definitely short bias based on the last 3 days of pretty aggressive buying since the e/r beat. Expecting some profit taking at a minimum. Ideally morning para 55s & failed follow thru, but not afraid to chase it lower should it open weak and fail to recover.

NVLN: Expecting this to just die more tomorrow, but monitoring for potential early shove back 1.60-.80 for the re-short otherwise I’ll probably just ignore.

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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