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GNPX: Higher the better here tomorrow, would be watching for it to fail into 6.50s and short pops from there. If we hang around mid 6s could easily see a 7+ shove which would really be ideal, but not expecting that.
COCP: I’d love to see this gap down in pre and get short bias guys involved down into 1.20-30s and think good chance for another rip back from there in that scenario. Otherwise 2+ out of gate and eyeing 2.30 area for failed follow thru shorting pops from there should it peak out.
SPCE: Ran over shorts nicely this afternoon. Ideal scenario for me would be weak open, rally back near 36 then looking to short pops from there once a top in and lower highs to risk off of for the fade trade.
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See you out there!
– D
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