On Watch 12/18/19 from Dante

by | Dec 17, 2019

 

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

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Also we’re running some really great sales right now if you’ve ever been interested in joining IU – now would be the time to do it. You can have a look at those options here.

AMRN: Some nice downside since highs, but thinking maybe still more yet. The event everyone was waiting for is over and there’s nothing near term to support long thesis right now really, so could see teens coming again. 21.50 area of interest tomorrow, if we open below there I’d lean towards shorting pops. Above 21.50, probably leave it alone and see how it reacts.

IMGN: 4.50 area of interest. Weak open I’d look to shorting pops with that as a risk. Otherwise (and more ideal), we gap a little/open rush back through 5 to get some more shorts to bail and then fade it back down afterward.

ONCY: Absolute turd. Should run into some problems if it gets any ideas of heading through 2 tomorrow, 2.30-2.50 area will be some serious resistance. Best case we get an gap/open rush into low 2s and looking to fade it there.

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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