Webinar Replay w/ Alex: If you haven’t checked it out yet, please watch the webinar I did with Alex, a lot of good info in there for traders of all levels, and some background about my story and who I am. Watch here.
Webinar #2 here.
Webinar #3: Here
There’s also a special sale going on for those interested in getting involved with IU, which you can find here.
WEBINAR TOMORROW 11/1 WITH ALEX – SIGN UP & SUBMIT QUESTIONS HERE
DRYS: Not a bad trade today..wish the range was a little better. We were hoping for high 4s for a reshort there as planned, and I really thought we were going to get it after that first few minutes of action it was looking great, but then a big seller stepped in and ruined the party and we failed. So that said – same plan in mind for tomorrow as today – ideally pops back to mid-high 4s for another reshort opportunity.
X: Earnings beat a/h today – don’t think too many were expecting a beat & good guide, so maybe we get some squeeze tomorrow, along with some actual buying as things seem to be stable and going well for US Steel. Will be watching for any open strength to join a trend higher.
SPCB: Pretty uneventful day here – I didn’t touch it. Again with the 3.70 defense though, so that’s emerging as the obvious spot to me. I’ll short this thing as soon as we go sub 3.70, retest, & fail there.
CELG: Was a nice opportunity to scoop the weak open today, but I didn’t get involved. Continuing to monitor & again I like this for a long swing into ASH abstracts and conference in December. Even if it doesn’t explode higher – I expect at the very least for it to slowly creep up.
MAT: Great short trade today. Poor earnings the other day and really an all around failing business – another victim to the omnipotent Amazon. This had a big run up post ER for two days for essentially no reason, as far as I’m concerned. And it gave back a good chuck of that today, as it should. Watching all pops and expecting more fade this week.
If you’re not an IU member and would like to become one, there’s still a sale going on here, along with the webinar sale posted at the top. I highly recommend getting the DVDs – they truly are where I learned most of what I know, and the most significant piece of education I was able to draw from early on in my trading career. If you’ve read my blog or know anything about me, you know I’m not a bullshitter – so I really mean that about Nate’s DVDs. They helped me tremendously. Also If you’d prefer a shorter time commitment to see if you like IU, you can go monthly as well here.Shoot me a PM anytime in chat (DGTrading101 is my IU handle) and I’m happy to discuss trade ideas with you.
See you out there!
– D
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