Here’s How I want to Make Money Today

One sector in particular was heavily shorted on Friday… to the tune of $2,600,000 on only two stocks alone…

One of them could be a fantastic short-biased opportunity today.

I made a nice fast moving trade on it on Friday…

And I’m looking to do the same today!

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
TSLA Tesla Inc Auto Manufacturers 7.58% 13,431,793
GNUS Genius Brands International Inc Entertainment -64.90% 78,990,430
XSPA XpresSpa Group Inc Personal Services -1.79% 17,808,523
AAL American Airlines Group Inc Airlines 0.12% 104,206,518
LK Luckin Coffee Inc – ADR Restaurants -4.11% 58,555,286
AYTU Aytu Bioscience Inc Biotechnology 0.68% 10,484,599
BA Boeing Co Aerospace & Defense 2.75% 44,277,684
MARK Remark Holdings Inc Internet Content & Information -31.00% 58,725,041
HTZ Hertz Global Holdings Inc Rental & Leasing Services 47.00% 106,110,766
SHIP Seanergy Maritime Holdings Corp. Marine Shipping 17.65% 93,870,174
IZEA IZEA Worldwide Inc Internet Content & Information 63.95% 26,805,303
ZEST Ecoark Holdings Inc Plastics products, misc -1.43% 904,551
CHK Chesapeake Energy Corporation Oil & Gas E&P 26.94% 3,444,194
ZM Zoom Video Communications Inc Internet Content & Information 4.18% 11,852,054
AAPL Apple Inc. Consumer Electronics 4.86% 34,303,587
WORK Slack Technologies Inc Software – Application -22.94% 21,382,775
SAVE Spirit Airlines Incorporated Airlines -11.69% 34,271,717
DGLY Digital Ally, Inc. Security & Protection Services 51.29% 13,461,437
SRNE Sorrento Therapeutics Inc Biotechnology 16.45% 52,634,334
INO Inovio Pharmaceuticals Inc Biotechnology 8.76% 26,331,196

By now you may have heard rumors of a possible second wave of COVID-19 cases resulting in businesses closing again, and postponing a possible economic recovery…

While not all sectors and businesses would suffer financially as a result of possible re-closures and postponed economic recovery, airlines indeed would as they will not be able to carry passengers, and therefore could not create new business for their companies.

American Airlines (NYSE: AAL) had traded at a year-to-date high of about $30/share in February, only to plummet as low as $9/share as a result of the Coronavirus pandemic.

Not only is American Airlines being monitored by financial professionals according to TrackStar’s proprietary data, but American Airlines was also one of the top stocks to receive multiple put option sweeps along with other airline stocks that were heavily shorted by the smart money as well.

Bottom line, this tells me that not only are financial professionals analyzing American Airlines – but they may have already started to take short-biased positions in airline stocks as well.

Not only do I agree with the catalyst of being bearish (at least in the short term) on American Airlines, but I can also easily digest the chart and be prepared to trade it.

Given the fact that I’m bearish on American Airlines, should it remain trading below its 100-day simple moving average line which is shown in yellow on the chart above, I’ll take a short-biased position.

While of course I’ll be watching this stock’s price action today, I’ll keep an eye on it throughout the entire week as I do believe airline stocks, including American Airlines, could witness another pullback in their stocks in the days or weeks ahead.

Let me know how you do today!

Yours for TrackStar trading,

Davis Martin
America’s #1 Premarket and Day Trader

P.S. You can take a look at 4 other stocks I’m watching into today by accessing this quick video which I posted last night!

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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