Futures are pointing lower, once again. We know that last night’s weakness in the futures market was quite short-lived after the opening bell of the cash session. However, one of these times the dip-buyers are going to get stuffed and trapped in for a good long while.
I ran through several long ideas in my video market recap for Thursday.
So, two short ideas for Friday, both of which were notably red on Thursday, are CSX GM, seen below on their vulnerable daily charts.
Drop me your top tickers overnight.
____________________________________________
____________________________________________
Nice post, dip-buyers stuffed and trapped, words I like to hear.
Thanks, OT!
MACABRE
LoL
I still have a partial in $GTAT. Its been strong like Bull. $JO also flagging. Watching that one for possible re-entry.
Huge squeeze potential on GTAT.
The lack of a shakeout has 34% of Ameritrade retail trades being options. The day will come when a lot of them get bulldozed. That is a huge percentage of total trading.
TSO, RIG, BTE, CLNE, MA, BLOX, GALE, GNC, TZA, moar SLW !!
ps silver futures look nice ; )
Parabolic ramp in natty looks possible. They raised margins on the precious metals a couple more times before they topped out. I think. Could be wrong on that.