March zipped by like a flash, just two trading days left in it and it has been great so far! Should have some great opportunities tomorrow. I do think market gaps down and we do have a full fade day, not a whole lot of great news out there that I saw this weekend. Numbers are flying as expected but now it’s all about duration of how long people stay unemployed. That is the BIGGEST thing right now, the longer people stay out of work, the bigger the market will fade. Here is my watches for tomorrow.
TOPS – Monster early find in the .10s by Sniperr. The volume was totally there and did very well on it. Someone still holding the .20s. I think this is likely to parabolic tomorrow into maybe the $.40s and then it really matters as far as where the washouts get supported. I will be keeping a few day swing on it in case something wild.
NBY – Saw something in regards to the CDC going to be recommending everyone that goes out to wear an N95 mask. I saw article late friday and even purchased some from Novabay. Will be using .50 as full rsk on this one. $1 breakout is likely to send it. Going to add as swing in the am.
CHWY – Impressive move and even I signed up for the dog food service Friday. Has a good potential to keep customers as well and gain during this pandemic. See how it reacts with where market opens but using $35 as guide for long
BA – I think we see this back near $100 pretty fast. Big squeeze last week and once $150 breaks and peaks should be a good multi-day short.
RCL – $32 crack for short
CGC – $14 peak and fail for short only.
GLBS – In case TOPS really goes.
DCIX – In case TOPS really goes.
Thank you!
Thx. I must say that this is the first I seem to ‘get’ the plan.
Thanks