The small caps in the Russell 2000 Index are staging a nice bounce off support this morning, as seen on the long rising channel for the ETF, below. This type of resilience is the main reason why I have focused more on shorting individual names in lieu of making directional bets on the indices to the short side.
Until we see a breach lower, I am going to hold off on the likes of TZA plays.
As far as the long side, if yesterday’s reversal candles are negated with further upside today, a few names to have on watch are: CMG CPL FB M UA WWE.
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watch out for solars, JASO,JKS
thanx
Acting well here.
hopping in SBUX with you here
My cover-stop is over $79.
Mines a little tighter, but I like the look of this, good spot..side note, in case you haven’t heard it
https://www.youtube.com/watch?v=0d2VA14MuMM
Great one, thanks.