Conversations with Jaguars – June 24 (NYSI Summation, $IBM, $IOVA, $CME, $SCS)

With NYSI Summation showing bear cross and other market internals rolling over, looking to selectively target short ideas particularly those affected by rising covid-19 cases. $IBM looks vulnerable. $IOVA with good size bullish bet in Sep 35 calls yesterday. $CME checks show falling open interest leads to falling volumes ahead. $SCS bear case discussed but wait for entry from higher level.