Hey guys hope you had a nice day. I made some pretty spot on calls and executed on most of them. GLYC stopped me out right at the open or a bit before not sure. Had a big move than just faded off , my para short type of play. AERI the one giving me a headache yesterday and just fading after that nice spike in the morning where I was up nice and sold just a little bit rest got stopped out so pretty much a little in the red on that trade. PBYI was a nice trade but small size washed straight to the 75 like I said in the first candle and hit my PT in the next couple candles for a very nice trade, of-course got stopped out on my list 4th of the position but what can you do it always happens but some time one in every 5-8 times it will continue running and I can re-add, make a really nice trade. What a call and what a trade, started a small wash to the 6.15s I got in around 6.23 and rode it up to 7 sold some and sold rest after the consolidation at the top cause it made me think it will crack on the 10:25 - 5 min candle after the big red one but it went as high as 7.40 I think but I am very happy. The last but not least BBY which was the play of the day. Got in in the opening wash on the second candle exactly like I said and it was 400 shares at avg 57.08 sold near the 59 and left 100 shares, so now I am up 387 just on those 100 and still holding them cause this can go more. In general a very nice day.
STOCKS
NTNX- Reported a smaller than expected loss and raised guidance for the upcoming Q so it is gaping and getting some volume in AH and PM. Gaped over the 50 ema on the daily and is now over the round 20$ number, the 19 seems to be support, I would love to take this for a long of the 20 or the 19$. Could have a short term momo follow up on the gap and earnings. Nothing to get married with but I think it can have a couple grinder days. PT 21-22$
DECK- Another earnings play with a nice beat by deck and a full year of upgrades. This can be a grinder also, its a bit higher priced but very big resistance around the 65$ mark. Very weird stock when it gapes up it usually has a red day and vice versa so I am skeptical about it. Maybe even a short later in the day after the hype dies down. One thing is for certain- this will have range. Probably finishes the day around flat and leaves wicks to both sides. Ideally wash to 62 pop back up and fade of.
BCRX- yesterdays very nice play. Ideally weak open and than grind back ro r/g and pop to test yesterdays highs. 6.50 is crucial and last place is 6 where after a wash I might look for rebounds. PT 7-7.5$
BBY- Very similar to yesterday looking for a weak open and grind back over for a nice continuation. 60$ level is the perfect spot of re-adding some shares. Have 100 at 57.08.
PT 62$ if it breaks it can go higher.
ECONOMIC CALENDAR
- Consumer Sentiment 10:00 AM ET
- Baker-Hughes Rig Count 1:00 PM ET
- John Williams speaks on Sunday 8:15 PM ET
/CL very easy to see that that was coming with crude. Like I wrote and like most likely every trader knows prior resistance becomes support and vice versa. 52 was support now it has become resistance. It stuffed I think to the tick into the 52 $ and than just free-fell to 48.5. Now this is still looking toppy so in general 49 is at the moment another decent short entry. Or a bit higher lets say 49.2 nice short entry with 30cent risk for potential 48 test. Now this might have a doji day but if 49 also gets toppy it can go more down. Even after those inventory numbers it is showing weakness so generally I am still short term bearish.
GL guys and lets finish the weeks strong. Trade safe and have fun- make a plana and execute, stick to it and thats how its done- very simple.
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