Today I hope comments re: channel helped.

We had a lot of opportunity as long as you were locking in ie: CCL if you weren’t covering into low end of the channel you got beat.

EHTH another great example look left.

Pretty active day today MBRX was pretty nice – hopefully comments helped this morning on the trap $1.30s. Pretty nice opportunities off open held some over just in case but covered a good chunk. Great trade.

PSTI traded the plan I spelled out.

TLRY was the only other swing and I must say – nice close 🙂

Mortgage Names – Stay familiar!

LADR MFA MITT PMT TWO XAN among many others staying familiar and looking for either the squeezes to take advantage of or the back side trade. Had some good entries two days ago sold yesterday towards the highs felt good because it pulled back then another huge leg up today. Oops.

Main Watches:

MBRX higher better – I like how strong it was and the push towards $1.40s – probably squeezed some patient folks out offered a nice re short. Ideally gap down unwind since I’m still there but if not, that’s okay higher better and failed follow through for the opportunity. Crazy volume today.

CCL higher better for back side. I have no problem getting long if $12-12.20 sets up

Failed Follow Through:

$I Higher better possible $2 + para off open and then I’d look to trade it.

BIOL holder sold 2.5 mil shares today probably gaps down – I was short based off the thesis I wrote but I didn’t want any head aches after hours if they decided to bid it up. Even if it gaps down I’ll still be interested.

NVAX can squeeze out so nothing to step in front – staying familiar and looking to react to big moves. If it sets up vs. today’s VWAP I will be looking to join trend until it speeds up to the upside.

EHTH nice trade idea today for the flush out was a nice fast $5/share fader – dabbled a little early never sized and then scaled for the late day plunge. Going to look for 945-10AM trend join tomorrow.

GSX higher better and back side is ideal – so far nice idea. Still can do the $25-28 range I had written – it did get into $27s pre market.

Continuation:

PSTI held some over – sold a few later when $5 bid came up but held most of it over. Very clean trade. As noted was nervous of it on the short side. Nice for it to work this well. Be smart w/ what is left if you took the idea from r/g and $4.20 build today.

TLRY sweet swing. Worked nicely. Sold a few today (had pre market adds on that + article)

Staying Familiar:

The following is a list of names I like for the following reasons:

1. Range
2. Volume
3. Opportunity

I like them both long and shorts 945-10AM + trend joins – if they get OVER EXTENDED they will be my A+ set ups for a CCL style trade like Tuesday.

If they fail to follow through I’d fade them

If they hold trend 945-10AM + vs. VWAP I like for squeeze out potential.

Not writing individual plays just staying familiar.