iBankCoin
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Joined Apr 1, 2010
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Late Night Strategy for Friday

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Whether I look for new plays on the long or short side tomorrow largely depends on how the market reacts to the jobs number. Still, the action of late has been increasingly concerning for bulls.

Into weakness, therefore, I am stalking Visa again as a short.

The stock has been working through a multi-month, grinding rising channel. It is still below its highs from early-2014, and I expect a rollover to be a violent one to new correction lows. I would view a move under $210 as a trigger for the short.

Drop me your top tickers overnight.

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2 comments

  1. gharo34

    Bullish: $UUP $VDSI $AOSL (thin) $SIMO

    Bearish: $GLD $SIX

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