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INO: 9 area of interest for me. Ideally weak open down into there and scalp long back. Otherwise morning shove 10.50+ and looking to fade that. If weak open to 9 and churns down there till mid morning, will be watching for it to dive off that spot lower and that should be the end.
CODX: Sheer stupidity here, but still think they can run with these testing kit headlines if they want to like this morning. Anything back towards 15.50 tomorrow likely becomes a problem and thinking squeeze mode again, otherwise ideally 15 shove and failed follow through there and looking to short pops. Would not be short this overnight as it’s a stupidity headline risk like today and the other day we gapped $8 early. Probably gaps down with no headline like usual, but just not worth the risk imo. Trade it intraday with an edge.
VIPS: Looking to fade the open look here, either weak open into 16 for a hold and long try, or 18+ early out of gate and fade it back down once a lower high in to risk off of.
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See you out there!
– D
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