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SNAP: Bang!!! Awesome swing! Covered 1/4 today and letting rest ride for lower. Now that its under $20 I think we can see $18.50s near term. Just fantastic so far!
CERU: Worked to a T today! Added into the morning strength and rode it down all day. Covered some when it went red, and riding 3/4 into tomorrow for more unwind. Will add into any morning strength $3.20+
TOPS: Nice SSR rebound today. I wanted to get short near $2.40-$2.50 for a scalp, but couldn’t get the locate in time. I pray we get a multi-day move on these shippers. They usually pay out great regardless if you are long or short. Higher the better for tomorrow!
SINO: Same as above ^ ideally picks up some momentum with rest of the sector.
GLBS: Same ^
DRYS: Offering should be done any day now. Ideally when that ramps it’ll send everything else up with it and we’ll get a MASSIVE opportunity. Fingers crossed!
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