Got Lucky

I shorted DRYS and GNK for about five points in total. I covered near the lows. That never happens to me. But I will take it all day long. They are so washed out I will stay away from these names on the short side until they can rally a bit. Some names that look good here:

MRK- I’d buy around 67.75
CREE- I’d buy around 27.5-28
BEC-73.5-74
GILD- right here

Good luck tomorrow and use tight stops-this whole shindig can turn on a dime-either way!

Previous Post
DRYS CHART
Next Post
DRYS-the gift that keeps on giving if your short

Recent Articles

Free Content from Upsidetrader

Four Red Days. Triple-digit crude. A 10-year That Tagged Nearly 5%, Yet a Friday Bounce

Free Content from Upsidetrader

Oil Jumped, Yields Followed, Stocks Held Together — CPI Decides the Next Move

Free Content from Upsidetrader

Markets Mixed After Oil Spike and Hot Jobs Report — CPI Next