Buyers Trapped

Yesterday, after the gap down reversal, I thought I had some great prices in a few solid names. Well, today’s a different story. I’ve been stopped out of $APA, $VALE, & $GPRO all for losses, but managed to make money in $BABA.

I put on an $ERX trade today, with it down another 10%, but so far I’m not liking my chances. I’m running cold here.

Yesterday’s buyers are trapped. It will be interesting to see how this plays out.