NAK1987

ANET - LONG

לונג
NYSE:ANET   Arista Networks
Recent TT's breakout that also has some pretty darn impressive earnings and sales to accompany ... Brought in after-hours ...


Market and General Notes

Comeback day for market from what many bears probably saw as a short QQQ setup per yesterdays close but 80% rule ( 80 percent odds of failed breakout and range resumption ) . In turn bulls pushed QQQ up and over the range but now once again odds favor range resumption , would love to see the 20 % chance that we follow-through on todays move though and push up and away from the 6 day range ... to date . If tomorrow bulls can push and get us out of this range that would be nice :)

Was stopped on SMH today and semis showed weakness vs QQQ , not ideal , but unless it breaks key levels trying to focus on that and MCHI as ETF names I'd like to play . ELF/LW/XLC all performing well .

IG net short positioning remains crazy high

France 40 Hits 90% net short .WOW
Dow jones 72% net short
SPY 64%

Then per futures positioning commitments Dealer positioning is net long and lots of leveraged money to the short side . I will bet on the dealers money ~


艾力克~
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