Summer Dishes Are Almost Done Already

Well, that was fast.

After its earnings gap lower last week, TWTR hit a low of $36.52 this morning, within shot of the $36 level I had expected to be hit sometime this summer. (The updated weekly chart, below, shows the prior price memory at $36). 

It may very well come sooner than that, or perhaps has already passed if $36.52 is all she wrote. But evidence of "strong hands" moving in is still scarce and needs to be seen in order for me to think that a durable low has been formed. 

Elsewhere, CHK is reversing lower while HLF is holding most of its earnings gap higher and may be in play for a day-trade. GEVA is up roughly 116% on a buyout, which is one reason why in a bull market I tend to go for mega caps when I short as they have very little buyout risk.