So far, it’s what I pretty much expected out of the market, sitting at the 1294 level on Friday’s close, and six straight down days – makes for a highly probably bounce like we are getting so far today. At the moment, I’m not going to short anything new…yet, and I went ahead and closed out Friday’s ATVI short swing-trade and covered at $11.90 from $12.06 for a 1.3% gain. I figured if we hold today’s bounce (big IF in the final trading hour) that we probably will see a pop in the morning that would provide an ideal level to short at (assuming no bad overnight news).
So here are my two bounce plays that I am long in today.
LONG: Davita (DVA)
LONG: LinkedIn Corp (LNKD)
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