SGR looks good for a relief rally trade.  High volume washouts like we had yesterday often signal the exhaustion of the sellers and can lead to some decent rallies.  The key to trading in this environment is staying small.  The volatility will require that we use loose stops so to keep any potential damage contained we need to trade smaller positions.  I’m in SGR at 18.55 with a stop at 17.60.

SGR Trade

SGR Trade