Symbols!
Symbols!
I am trying to find an equal amount of short and long plays but it’s actually tough to find really convincing long victims these days.
Alright, I admit this is an early call but I have a feeling it’ll get there. By all means wait for it to get to 32.50 – then go short with a generous stop one daily ATR higher.
LNN tried to run but got slammed back down. While they’re changing the tires on this thing keep an eye on the 39 mark – that’s where I would risk a long trade.
Same story here. When the market is overbought like this I never ever dare to chase. Wait for a retest – if it comes grab some of that Monsanto goodness.
UPDATES:
We did get a good entry on CF and thus far it’s staying with the program. I’m seeing a floor here but keep your stop below 90 just in case.
Sweet mercy – CHK does love to move – what a ride. If you’re long this thing (I missed the entry by a day) then keep holding it. Thus far I don’t see any alarm signs and your target should be 26ish.
Cheers,
Mole