Late Night Strategy for Wednesday

Actionable long setups are still sparse this evening, even with mega cap techs from yesteryear rallying like it is the 1990’s. Steels have seen a nice move of late too, but are not currently presenting quality entry points for swing longs.

On the short side, the credit card space is on my radar. AXP MA V are short ideas on any further weakness.

In addition, DFS is a credit card play and a short setup, seen on the daily chart below. Under $57, and I would expect a sharp breakdown lower, undershooting the 50-day moving average.

Drop me your top tickers overnight.

_________________________________________________________