Chipotle is still one of the better long setups out there, basing along nicely in an uptrend. Let’s see if $561 gets taken out to the upside.
Elsewhere, my bond short is under some pressure, while I am shifting around money in the commodity space.
I am tempted by shorts like SBUX, but the tape is still in grind-higher mode, which has me largely holding off on adding equity short exposure for now.
What are you trading this morning?
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RNN
UAL, IRBT, SFM, SALE
Putting a voluntary 30 day cool-down on anything Elon Musk related
OSTK should break to upside above 19.30 I’m full position
AAPL
Picked up some EGLE