All trades should be intraday only. Swinging feels like gambling right now to me and that is NOT something that I want to be doing. Will be avoiding the open for the first 20 minutes tomorrow as it just chopped me up hard this am and will likely be done 20 minutes before the close. All of my best trades were once trends got established and that is how you should be trading in this market in my humble opinion.

I want to avoid guessing as much as possible at this point and only take those defined r/r trades. Here are the charts I will be watching tomorrow.

CAKE – Surprising strength but won’t read too much into it. However if we get a gap lower and the lows of the day hold here will look to take a long.

NET – $17.50 base and hold for possible long.

WEN – $8.50s washout for possible bounce. I think they will be a beneficiary of this long term. Not many people go into Wendy’s but the drive thru’s are always busy and don’t see them closing.

MAR – Shocking but they just started furloughing TENS of Thousands of employees with no pay. Maybe $60 washout for $58 trade.

BA – Only care if we get $88-87 area for a bounce.

CLX – $210 parabolic short. Crazy run-up but I don’t think this move is justified.