I opened a short position in IBM 0.00%↑ yesterday after it got up to the AVWAP from the most recent gap up and failed. I added to it today on the favorable risk reward setup of at least a gap retest relative to that AVWAP level. The story around this is that IBM 0.00%↑ may be hurt by the governments closer eye around spending and contracts. It hasn’t manifested in price yet, but the setup for taking a bet on it is there right now.