SHAK

Al Brooks spike and channel up, already touched daily kod but since ES likely to continue to channel up and shak weekly oversold, and daily shak gave a new buy signal ignore daily kod and ride the chan up. This does not mean buy exuberance or ignore the break of the chan when it comes. Buy every dip. Short the ceiling. Or maybe only short ceilings if pushing an agenda and u don't understand CT is often the sweetest nectar.

 

$SHAK will short $38 all day

 

Shake Shack ($SHAK) is trading around $34 right now. SHAK will continue to face resistance in the $38's.

 

Bearish on $SHAK. High multiples plus every move over 50-day has been aggressively sold

 

> Bearish on $SHAK

Joining Surf, but $40 lower !

 

> SHAK will continue to face resistance in the $38

A chance for you to average up... SHAK 40.00 1.55 4.03%

 

I am still stalking for a short... needs a big volume short covering day for me to jump in

 

What does "bearish on $SHAK" mean? Short in your papertrading account?

 

Closed 75% of my position today at $40.97...Happy with a $9 gain....
will hold the balance and risk a close below ATL...
chart still looks primed to move higher but my focus is elsewhere...

 

I closed the short call position from yesterday afternoon. Market seems to feel its oats and I don't want to stand in the way.