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Had some things come up today, didn’t trade after first half hour and won’t be here tomorrow either, but some decent plays out there lately.
JMU: Kind of coiled up a bit today, I thought it would have died but held those 2.40s for a second day, so that’s probably do or die spot tmrw, I’d love to see a weak open test of that level again. If it holds, I’d be looking to get long dips on higher lows or over 3 to be safe should it get legs. If it loses 2.40 tmrw, then probably just a slow death back down to 1s and an ignore or decent short swing if you have the time.
KSS: Nice e/r report and guide, bit of a beat down chart zooming out last few months, could see this having follow thru higher. Ideally red open down into 70.XXs, and then look for it to hold there and head back up towards HODs/72+ would be the thought.
CIFS: Pretty weak attempt to get shorts out today, decent buck move off the lows but overall it lacked any staying power or conviction to head higher in any meaningful way. Expect the pushes to get weaker and for this to start to die for good tomorrow. Some float up premarket first would help solidify that thought, but would be looking to fade this tomorrow for sure one way or another.
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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