DSX and CLF are some high beta long ideas to stalk this morning.
Diana pulled back after its major breakout in an orderly manner, down to her 20-day movng average. Now is where I am looking to see if buyers arrive for the secondary push higher.
CLF is still in an overall downtrend, but the base material miners have been firming up here. I am considering playing it for a quick pop out of the consolidation highlighted on the second chart below.
A is still one of my long and is steadily pushing higher. I took the trade based on the weekly chart setup, third below.
Other stocks of notes: TTWO has seen some heavy selling the past few weeks, and I would resist the urge to pick a bottom there. Conversely, Pandora is the never-say-die kid, always coming back just when it looks ready to wash out.
What are you trading this morning?
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Chess, what do you think of coffee(JO) here? a messy bottom or heading lower?
Juice–$23.47 is the recent low for JO I think needs to hold. At this point it is almost laughable that the softs like sugar, coffee cannot muster a bear market rally to their 200-day m.a. (since 2011 I think). My best guess is that tomorrow, Fed Day, is the catalyst for either that huge snapback or a final washout lower, which I would look to buy.
danke
Anytime
RPRX puts for Oct. This company has a lengthy history of over expectations .
Interesting, huge pop today.
Chess, what do you think of FXA, the Australian dollar ETF? Looks like a bottom to me, and sentiment is still pretty negative.
I could see that–I’d place a stop below $90 to get a good r/r on the trade, targeting $100.
I’m long P. Working on a new 52W high
Agree on CLF. I got stopped out on Friday but looking for a close above yesterday’s high to get back in. Looking for similar entry on DDD.