Battlefield Tactics

I spent the morning managing playing tactical longs and shorts inside Market Chess Subscription Services, in front of what is likely to be some fireworks later today after the FOMC Announcement. Specifically, I scaled out of a good portion of my UAL short, as I reckoned that the bullish sentiment of late about AAL was a bull trap and head-fake. I also am managing a GASL long from lower prices, among a few other positions. 

To be sure, energy and commodity-related stocks look to be benefiting from some rotation this week, as biotechnology stocks continue to struggle. TWTR is coming to terms with $40, a big round number. But, to my eye, not much major support comes into play until $36 or so. 

GPRO is squeezing, though, and may have more room to "trade in its own world," oblivious to the market, over $53. 

I will discuss plenty more ideas and setups on the midday video for members in a bit.