Into this sugar run higher this morning, I sold down a piece of my SGG long inside 12631 to lock in some partial gains, which is one of my largest positions at the moment. I got a pretty good fill on the sale, as price hits its 200-day moving average for the first time in a long while, continuing to confirm the inverse head and shoulders bottom on the daily chart below.
This sugar trade, among other commodities, is something we have been tracking for a while now here and inside 12631.
Elsewhere this morning, biotechs are blowing off and close to seeing me take BIS to short the sector, although a few individual names here and there look decent.
Also keep an eye on BBRY for a short squeeze higher over its 200-day moving average.
What are you trading this morning?
__________________________________________________
FB, UA, TOL
Nice ones
INO busting out today, great OA pick
Been mentioning ECA for a while, looks to be breaking out today, will be looking to pick up some more.
Above 20 it gets really interesting
Good call on SGG. I’ve been long too. The diabetes titles though, of course it is in jest, but children with Type 1, many as young as a year old, have a lifelong burden that has nothing to do with sugar or body weight.