I am still holding on a core position in DRYS which I took partial profits on March 27. On Friday it popped big time up +29% in one day. GNK also in the shipping business up +16%. DRYS is on it’s way up to $17 with little resistance with the huge sign on strength on Friday.

SPY has shown great strength during this short covering rally. I suspect we should pull back this week to around $82-83 where you can buy more if the volume is light. Then SPY will head up to $92.

The broad indexes fell on price but the volume was light which is what I am looking for. We want this to pullback and buy on a retracement.

I am still holding on to DRYS which went down on lighter volume. It’s in my buy zone and should head up to test $7.

I entered into UWM (Ultralong Russell 2000) which rejected the price and volume 3 days ago. My stop is under today’s low. Target is $17-18 range.

Entered into ANO also at $0.64, really nice up volume 2 and 7 days ago. I noticed the volume was really low as the price retraced - time to buy!!! Target is $1.10. Placing stop below $0.50.

Got stopped out of UNG. Still in Ultralong Real Restate ( URE).

The DryShips (DRYS) trade popped up as expected. Taking some of the +26% gains and raising stop up for a free trade. Target is $6.50.

Entered into Citibank (C) for a trade because selling volume is drying up and we have high volume near $4. Putting stop under 2.40and targeting $3.89.

This morning I placed a few limit orders that triggered and bought the following.

DRYS at $54.00

EXM at $22.61. I also saw a fellow trader at StockRake place this trade.

BG at $71.2

LVS at $40.70

I also took partial profits from AZK, VLNC and got stopped out of JNJ.