I’ve been at the computer for 45+ minutes, now, but have been just sitting on twitter… I did pull up the charts and saw that my MRO trade hasn’t triggered yet, but otherwise I’ve done a whole lot of not much. I’m going to get started now, hopefully I don’t get too distracted
Equities gapped up this morning, but are pushing down a bit now. The gap up pushed it above the resistance area that’s held for the last 4 days, and now price is sitting right on top of that area. I’d been anticipating more weakness, but that’s harder to expect when there was a gap-up. That said, gaps do get filled (as this one is) and it’s likely that price continues in the direction it took to fill the gap (which is a reason I left my MRO order open), so I could see more weakness. The VIX is up, but only slightly on the day so far.
As I mentioned, MRO gapped down this morning, and is in the process of filling that gap. I still liked it to the up side, so I left the order open.
I looked at CTRA yesterday, looking for a retest at about $24.50. Price gapped down this morning, so it looked good for a second, but it quickly pushed back up, and didn’t get to areas I would’ve liked for the retest.
Exxon was another stock I was looking at yesterday that looks more viable today. I’m not sure if I want to pull the trigger in 2 energy stocks, though, and this is still a bit off of the highs — MRO looks more poised for a move
OPEN – Open Door Technologies – looked like a great short yesterday, so I set an alert if it reached the recent lows. It hasn’t quite yet, but looking right now, and price is pushing down. I’ll run the numbers and might buy a put here