Markets
have put in a decent 2 day bounce.
While I believe we can eventually go higher many
individual stocks are now over extended.
Although its likely that the overall
markets will churn a few days; many of the more volatile smaller cap stocks
that I like to trade will pull back or consolidate before having 2nd
legs higher.
So my bias for Monday is to the short side.
With that being said; here are my best ideas for tomorrow:
$BITA, $CCCR, $SHLD and $VRX long.
$CLVS, $GLYC, $SORL short.
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I sold my two overnight positions early in the session and went to 100% cash. $VSAT I took a flat on after being up nicely at Tuesday's ...
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Although I made a decent gain on this trade; I missed out on a lot of upside!
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