Last week removed a lot of the froth from the market, and investors are no longer complacent. Fast Money team were all bearish for Monday. So we gap up, the market's way of saying FU to market timers.
I scooped up some stock futures into the close Friday, and will unload them Tuesday or Wednesday. It is just a quick trade, I do expect another down move after the bounce early this week. The next down move will be the one where we can target a bigger bounce, perhaps 60 points.
Also looking for a possible reversal play by getting short NG, only if we see $5.80 to $6.00. Right now, we're trading $5.27.
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