Tuesdays Trades

 

AVEO – Shorted this overextended biotech when it broke $1.75 p/m low. Held $1.70 and up trended from there. Gave this a 2^nd go when it went red after midday but up trended again from there.

 CG – Came out this swing trade from last week. Hit 1:1 profit but never reached the high 19’s like I wanted, slow mover.

 TWO – Pulled back too much for me after it broke, exited for a teeny loss.

 

Day Trades

AVEO – Held green yesterday after it’s gap down and closed pretty strongly. If this continues up trending today I’d look to buy the break of an intraday high or YHOD. But I’m not against trying the short again if this opens red.

MBRX – Gap up and spike yesterday looked strong. Fell of it’s highs a little but still holding up. I’m interested in a weak open with a r/g move to suck in shorts and squeeze this higher.

CBI – Positive legal news yesterday spiked this stock from $14 up to $20/share! I’d look to buy an intraday HOD break above yesterdays $20.30 close. If this continues strongly a nice day 2 could be possible.

 

 

Swing Trades

OSUR – Huge green day after it broke above $16 resistance yesterday and held near it’s highs. Entered into agreement with Bill Gates charity. If this looks to break YHOD at $17.68 I’ll be buying and aiming for a break of ATH resistance at $18.19. If that breaks then this could see $19+.

With the markets selling off sharply yesterday I exited my swing positions and that’s why there are very few swing long opportunities I have right now.