I covered the balance of my AMGN trade at the 10:00 reversal as it tested its May 2nd low. There's a lot of support at this level dating back to Jan. 2005 so I didn't want to take a chance. We'll see if breaks down tomorrow.
As per last night's watch list, BRCM filled its Thursday morning gap in the first 15 minutes of trade. A quick check back 15 minutes later and it was still holding, so I decided to get long. I exited 50% when it stalled at resistance. I'm swinging the balance into tomorrow. My stop is currently set just pennies below the afternoon low. I may adjust it tomorrow morning in the pre-market. I like the setup on the daily view as today's session closed with a small lower shadow. However, I will watch it closely on the open. If it can't break today's high in the early going, I'll exit my position.
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