Hey guys hope you did good yesterday and read the ideas and executed. Yesterday really spot on nice calls with nice ideas and good execution. First of all DRWI caught the spike after the wash saw it stuff, sold and left 1/4 on. Almost got stopped out, I think it was a cent above my Stop loss. Later on in the day right after market close it just went straight up so who knows what it will do today. GIII really nice trade and idea, got in right after morning wash with half size and added some more later on really nice idea nice trade and execution. EBIO still short 1/4 covered most for a perfect trade. LOXO was long 100 and added another 100 into the big wash on the open. And boy was it spot on add, sold 100 around 70.60 I think when it was that big inverse hammer on the 5 min. But still long 100 and I am thinking this breaks out today. All in all it was a very nice day. Now today I am feeling like shit so I might not trade, my head is killing me for no apparent reason and its very annoying. So I will do a short WL just to give my thoughts about today. Talk about being CORRECT with the Crude Oil prediction. WOW what a crack and the number exactly like I said into surplus and the price just got demolished.
DRWI- Gaping right after market close yesterday and today also lingering around the highs. Another PR thats just a report so pumping. In general it could go crazy with a squeeze as I said yesterday 1.20s and 1.32s are resistance but it has gaped over them and is at 1.45 atm. 1.5 some resistance but if it gets over that it could basically squeeze to 2$. would love a nice reactive trade- scalp in the morning hype.
LOXO- Looking for a breakout day if it gets going its forming a breakout pattern on the daily. In general it can fake out of course. But if it holds 70 and IMO the most important 71 this can get going and test higher levels and go in to new territory. Still long 100 shares.
BABA- Big company with a big float and a big price. CEO predicted a 45-47% revenue growth. The shares are soaring. I will wait for pull backs to find decent entry spots for the hype run.I think this can provide a really nice short later on cause of such a huge range today. And profit taking and ton of other stuff. 135 and 140 would be places where I would love to enter.
/CL WOW what a prediction by me and subscribers got the drawn out picture that showed them exact levels 2 hours before market open and they were spot on. My forecast about inventory going into surplus was pretty nice. OIL just collapsing now free falling. If 45 cracks it end up at 44 today. Its going nuts at the moment.
Most likely no trading but those are my opinions about today. If it see something really setup for a trade I might jump in.
Trade safe and good luck guys.