CMI, from last night's focus list, opened strong so I looked at the lower timeframes to plan an entry. The second 5 min. bar was inside at the base of the daily pivot and R1, so I took a dummy long. Did not re-enter after the FED because it popped up over 2 pts. immediately at 2:15. What a move!Tuesday, September 18, 2007
Watch List Trade of the Day - Cummins Inc. (Public, NYSE:CMI)
CMI, from last night's focus list, opened strong so I looked at the lower timeframes to plan an entry. The second 5 min. bar was inside at the base of the daily pivot and R1, so I took a dummy long. Did not re-enter after the FED because it popped up over 2 pts. immediately at 2:15. What a move!
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2 comments:
Beautiful!! Jamie, the options went wild with these beefy stocks today: bidu leh blah-blah. Do you trade options on these plays, gaps?
Thanks BL,
No, no options, just stocks.
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