AMZN was a short on a break of a bear flag. After closing near its highs yesterday, AMZN gapped down on the open sending a clear reversal signal. After that it was just a matter of finding the best entry point. By late morning, it carved out a bearish flag pattern and I shorted the break. It easily breached the pivot point support. I took a partial on a volume spike and I covered the balance after it carved out a bullish green hammer reversal bar. Notice how the pivot point held as resistance on the afternoon bounce.
SMSI was a NR7 on the daily chart yesterday as highlighted by Prospectus on Move the Markets. I moved my stop to breakeven when it looked like it might reverse. I left it there hoping for a bigger move and SMSI finally succumbed to weakness end of day.MNST was a long on a break of the first 15 minute bar (green hammer). The third bar swoon came close to hitting my stop. I took a partial when price moved back up to $46.60 and I was stopped out on the balance just under $47.00. I don't like these disorderly type trades.
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