BIG PICTURE:
Not much has changed from yesterday. Up trend in the markets still very much in tact. Although the indexes look set to gap down slightly today; I remain long biased. With volatility almost back down to pre-covid 19 levels its very important to stick to trading "in-play" stocks only!
MY BEST IDEAS:
Not a very inspiring gappers list in today's pre-market. In fact, I've only seen one ticker that I'll be interested in potentially playing today.
$VXRT:
Bias: Doesn't appear to have a catalyst but it is a covid-19 play and has been one of the hottest stocks in July. After a 6 day pullback to its 20-day moving average; it now looks set for a bounce especially after a wide range doji day on above average volume yesterday. So I am long biased!
Plan: I like it long above $12 for a potential push up to $14/$14.30 resistance today.
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