I am looking at Burger King as a long idea, especially over $32, with $29 below needing to hold. Note the decent technical setup on the first daily chart, below.
And General Motors is still a short setup, reversing lower today on the daily chart, second below.
What are you trading this afternoon?
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Longs – $LOCK, $BKW, $JCP & $CASH
Good ones, thanks.
$Cmcsa
$MAT $AIG
Shorts… LSTR, ZOES, CSOD and potentially RL. BIDU too but I don’t trust the Chinese stocks as a short.
Check out $SONC
Short SBUX, RY
Long TRUE, FCX
But mostly cash and fighting myself not to act until I can do so with confidence.
Are you looking at any Natty plays? With winter coming and any possible issues Russia/Ukraine/Europe, I’ve been watching UNG fall and starting to wonder. That seems to have vacated the news cycle and could have an impact on prices or associated equities if anything comes of it.
Short SBUX looks great. I have have to put that trade on now that it’s rallied a bunch this last week.