Sold Short 35 DECK at 114.00. Stop @ 118.84
Sold Short 43 ITRI at 81.04. Stop @ 85.2
Sold Short 33 MON at 106.18. Stop @ 110.7
Sold Short 50 AGU at 60.85. Stop @ 63.88
I think my DECK trade was impulsive(after-the fact unfortunately) but ill keep it open with the tight stop.
I originally wasn't sure about shorting MON & AGU chemical bros but having a look at the chart again I noticed that they have both barely managed to climb above the 50-dma. Last time AGU struggled to climb the 50-dma it saw selling down to the 200-dma where it reversed. Now they are both %30-40 above the 200-dma.
Another reason behind my decision to short both is the short ratios.
AGU: 0.3 days to cover.
MON: 0.9 day to cover.
Added note:
Two days ago I wanted to go long SDTH and ILMN. Without getting caught in the mania of the open I thought it over and decided against. Both would be impulsive trades with more going against them then going for.
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