Glutton for Punishment

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Well, not a great morning so far. After finally getting some downside action last week, we’re doing the usual Everything Goes Up schtick right now. I took my punishment on NFLX last night, but it would have been even worse if I waited. I’ve trimmed the sails quite a bit, being only 52% committed right now. It’s been a punishing start to the day.

Speaking of punishment, I am giving my Chipotle short another go, having shorted it yesterday at 364.04 with a stop at 373. I don’t have huge ambitions about this one, but I think a trip back to the mid-330s is a pretty safe bet.

0423-cmg