Trade of the Day - ENER

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The trade of the day was ENER (refer to InPlay section below for entry and exit notes). The reason I am re-posting the ENER chart is to show that it stayed quite strong while the market fell this afternoon. The area between the blue lines is the midday doldrums and the blue lines mark support and resistance. As the market fell ENER did not stray too far outside of support and even managed to test resistance between 2:00 and 3:00. Of course the tall upper shadow on the daily chart could be hinting of a pullback, but I will wait for confirmation. This name along with DESC, the other solar energy play that did well today, could be in play again tomorrow.