Check out my audio-blog series, where I narrate all my favorite blog posts for you guys. You can find that here.
Curious what it’s like to be a member at Investors Underground? Here’s a tour around the community.
CRON: Insanity, but is what it is. Don’t get married to “it’s crap” or else you’ll lose a lot of money. I have a feeling today wasn’t the blowoff. It looked like it this afternoon early, but I have my doubts. I could easily see a move into high 20s or even maybe a 30 test. I’ll take the normal approach to these types tomorrow, which is to watch the open action. If we gap up and rush 26-27+ I’ll be very interested ss, but if weak open, be very cautious on the short idea, have to see higher early, otherwise expect more games and potentially higher coming.
MLNT: Sick near 100%’er today. Ideally looking at daily, we get a push into mid 2’s tomorrow and that’s a nice spot on daily for short bias, so hoping for that. Open shove through 2 and I’m an eager observer waiting for weakness/fails and the short.
QUIK: Not overly interesting today due to the lack of volume, but the potential is there, watching for maybe a gap fill into 1.50 area, that’s a nice short spot that would have my attention assuming the volume is there. We’ll see what it looks like tomorrow out of the gate, just a potential play right now not a definite.
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
0 Comments