Part of me thinks the high of the day was set already in the SPX, but I went ahead and added some long exposure.
I am trading around my core in CREE, I added more long exposure to this name looking for a move into the earning’s gap. To be clear, I think we get rejection somewhere in the above gap initially, but I want to play a push into it, initially.
I bought MHR too. I like this name, and I like how it is flagging on the daily chart. That being said, it is still looking downward, so I have tight risk.
Everything else is in place from yesterday.
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