Market was a lot stronger yesterday but still no great opportunities in the small caps. $SPY has gapped down a little this morning.
I think I’ll size down to 50 shares instead of my usual 100 for this so I can afford to be wrong multiple times without it affecting me. Even with small size you can get 50c moves out of it which is still good.
Earnings. I was pretty sure the previous catalyst was earnings as well so not sure what happened. Nice breakout over $10.00 but was an all day grind. There was huge resistance at $9.45 that eventually broke. I’ll watch for a big panic to dip buy.
Multiday breakout over $16.00. Could have resistance at $16.11 and $16.45.
- SeaWorld Entertainment, Inc. Announces Fourth Quarter And Year End 2017 Earnings Release Date And Conference Call Information
Q4 loss. Breakout over $5.42. It’s already past that in premarket so I’ll look for a dip buy possibly down to $5.10 or $5.00.
Revenue news. Lately it’s been pretty dead and this news could bring it back. Currently up about 7c during premarket.
1st Month 2018 Sales Continue Rapid Growth Set in 2017 with $14.5 Million in Revenues
$SPY was really choppy this morning so trading $TVIX was not really possible. $CHGG had a nice run but it wasn’t on my radar until it was at $20.00. $GNC got down to $5.00 and bounced. I watched it get down to $5.10 and start bouncing around and didn’t consider buying when it dropped more. The market just seems impossible lately. Some of my plans seem to pan out but it’s always choppy.
I almost shorted $IMGN near $10.00 when it was failing to break over. I was about to then it randomly popped up to $10.00 which made me think it’d breakout. It dropped a good 15c. It’s so difficult.
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