My sole position is still a starter short in UNP, the very extended large cap rail. My stop is above $118.
Other than that, I am stalking the gold miners to see if they are on the cusp of a least a tradable bounce.
CREE is also still a snapback long idea from earlier today, over $33. And on the short side, some names I am watching for weakness: COH F GM SBUX.
What are you trading this afternoon?
If you enjoy the content at iBankCoin, please follow us on Twitter
Would you be going JNUG on a bounce play if it presents itself?
or NUGT
Took a short into ADSK from $58. Stop above $59
Nice