Decent day today but nothing to write home about. Hope everyone has been doing well. More info to come on Bootcamp as well. Just turned out to take a bit longer to get everything setup than anticipated but we will be having it SOON, so stay tuned!

I am watching a few sectors right now as they seem (at least to me) have hit bottom and have great risk rewards on them. So let’s get into tonight’s list.

SRNE – Possible $25+ tomorrow. WILL NOT short early but will wait for monster crack and THEN start to lean into it. I’ve found this strategy is much easier for me to just nail a short vs. guessing tops. Generally there needs to be an obvious super bearish candle then wait for the 50% retrace of that downward move to short. So, Will look to trade some puts along with the short.

RCL – Big move today. Could be either way but I am leaning towards a short on anything over $60s. Likely going to be some out the gate sellers on this with a 10% move today, so will monitor the base of that move and get long as well.

GLD – Going to build some puts on gold. I think we are due for a big washout $5-10 within a week or so. If SPY cranks to highs of the year this will get shredded fast.

MFA – Mortgage name. Thinking $3.25 is a big trigger to a fast $4 move.

ARI – Similar as above but $10.25 trigger here to $12

IMH – Spec Mortgage name here, but tends to move very thin.

JCPNQ – Took some late day swing on this one. Thinking .40 can be the big level to clean it up for a big move. I am traded it purely because of the recent AMAZON headline.

SHLDQ – Same as above but using that .20 as guide for risk.