Once again the NASDAQ is on fire for the entire first hour of trading. This is why I wait for my set-ups to trigger (shorts have to trade under the previous day’s low). You’ve gotta wait for confirmation! So even though I have way more shorts on my list most haven’t triggered. I did short SNDK though, hopefully it will continue to not participate in this little rally. For what it’s worth, the NASDAQ is right at yesterday’s highs, and it very well could stall right here. It feels like this is ‘somebody’ trolling for stops to take out. As always, we’ll see.
