Thank you to all those that voted in the elections yesterday.
Looks like we are so far getting the expected market rally post-election in pre-market. Thinking we get some profit taking at the open and then more green. That said, be prepared for sell volume in case they decide to sell into this rally of post-election buyers.
COMMENT: Straight rips out of the gate. no early dip unfortunately which made chasing all the more difficult.
For some reason I think if we see UVXY under 50, it will be a mental relief signal that bring buyers back and market may continue higher all day. Curious if this idea pans out.
COMMENT: Looks like this panned out. We pretty much had an all day grind higher.
Watch for alerts in black box discord channel and remember to follow @spectre_trades to get alerts as soon as I post watchlists and recaps.
Pre-market NotesLook for push early pre-market and/or open into 6.70-6.80 area to get short for possible dump into 5.80-6 as it flushes out the dip buyers from yesterday.
Recapwow. this slammed in pre-market then rebounded up into 6.70. I really wanted the flush out to get long but didn't get it to the level I wanted so no trade. [/vc_column_text][/vc_column][/vc_row]
Pre-market Noteslooking for dips on 342-343 on open to hold and rip over 347
Recapthis played at to the numbers more or less. [/vc_column_text][/vc_column][/vc_row]
Pre-market Notesnice gap up on earnings. Alerted long in chat room in 78s. Gapped into 84 in pre-market. Early action, I like 83-84 area or any push on open to get short for profit taking into 79-80 and then flip long. There is a chance this turns into all day seller and then we get moves into new highs in coming days.
RecapWell this turned into the complete opposite -- all day grind. previous 3 quarters the grind up was way choppy. This time steady bids.watch 94 level tomorrow, if it dips and holds that again I think we will see 100-110 in the next couple of weeks (assuming market stays bounce inclined) [/vc_column_text][/vc_column][/vc_row]
Pre-market Notesany dips on 7 that holds on open I like for a long for a push on 8 by end of day. There is a chance this turns into profit taking day, but lets see.
RecapThe problem with gap up is you usually get sells which are nice, but after bounce on 7 it got heavy. that said if 6.80s continue to base we may get follow through higher in coming days. Overall I'm moving on. [/vc_column_text][/vc_column][/vc_row]
Pre-market Noteswrecked. If this dumps fast and hard into 29-30 at the open I'm probably a buyer for a quick buck or two gain. Overall I'm still short biased off 33-34 for this to dump into 30. Will be watching for unwinding and steady selling or buying after first hour to join trend.
Recapnice premarket pushes into 33 and steady selling into close landing at 30 [/vc_column_text][/vc_column][/vc_row]
Pre-market NotesIf we get a fast pop/push into 48 on open I like for a short for some profit taking
RecapGiven market strength we didn't get much opp in this name for a clean short. [/vc_column_text][/vc_column][/vc_row]
Pre-market Noteseyeing for a trend after first hour. I could see this go either way thought my preference would be fast dump into 42-44 and hold and get long. If 48 push on open stalls probably a decent short for profit taking down to retest 44-45 level
Recappremarket sell off kind of killed my interest in create a new short on this. But shorts from overnight worked out great. [/vc_column_text][/vc_column][/vc_row]
Looking for more upside and then profit taking as positive election results came in. Interesting article in Wired.
COMMENT: wow. early part of the day was spot on we and a push and the profit taking. And then guess what happens. Jeff Sessions resigns and all the pot shorts got trapped and new buyers are in the mix for the next green wave. Expecting gap up on 10-20% from close tomorrow morning.
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