The Ideal Brain Tonic

After earnings this morning, Coca-Cola is gapping higher. Overall, powerhouse brand and defensive consumer staple is coming to terms with prior all-time highs from 1998. 

Give the one-way ascent off the 2009 lows, I expect risk/reward to the upside to be unattractive in the coming weeks, if not months. A move below $40 may very well trigger a short. 

Turning to my portfolio, my long UGAZ position is the leader this morning, as natural gas gaps higher. My long SRS is slightly green, while my short NKE and long BIS positions are working slightly against me. 

Oil still may be a good day-trading vehicle, as I did last week on social media. DWTI and UWTI, both, are on my radar to play either side of the trade.