Another very profitable day with the
HCPG trading list (
OXY,
YGE FWLT) plus a few of my own.
ATVI was a big
gapper winner last week, which I added to
WL. It based along $31.00 all afternoon yesterday and triggered an easy trade early today.
CSIQ was a big earnings beat with a wide gap. I saw a C&H base and break setup, but it ran out of steam. It felt shaky from
the second BO bar, so I anxious to book some profit. Not
shortable through
IB. Failures often lead to fast moves and this is a good example.
FWLT was a sympathy play on
FLR earnings. Engineering & Construction firms, as a group did well today. Other names include
MDR,
SGR,
JEC,
ACM, and
FLS.
OXY was a
HCPG trading list stock and I played the first base. Very choppy midday, but it's not always easy to pick a good support level on NYSE stocks, so I just hung in as long as it remained above yesterday's high. The target was $90.00 but I let it go at R2 which was just about 15-20 cents away.
WLT was a bull flag play on the daily from last night's focus list. Early entry at $84.00 on a 4 bar 5 min. B&B. Took a partial and was stopped out. After tagging the upper blue line twice, I placed a buy stop order 2 cents above and it triggered while I was preoccupied with another setup. It rallied nicely to the next level, then it chopped around. I felt there was insufficient volume to really extend properly, but I stuck with as long as I could.
YGE was another
HCPG pick and a sympathy play on
CSIQ. Much better extension than
CSIQ. I took my usual partial after 3 consecutive
WRBs. Rarely does a stock extend beyond 138% so the final exit was obvious.
ATVI was a big gapper winner last week, which I added to WL. It based along $31.00 all afternoon yesterday and triggered an easy trade early today.
CSIQ was a big earnings beat with a wide gap. I saw a C&H base and break setup, but it ran out of steam. It felt shaky from the second BO bar, so I anxious to book some profit. Not shortable through IB. Failures often lead to fast moves and this is a good example.
FWLT was a sympathy play on FLR earnings. Engineering & Construction firms, as a group did well today. Other names include MDR, SGR, JEC, ACM, and FLS.
OXY was a HCPG trading list stock and I played the first base. Very choppy midday, but it's not always easy to pick a good support level on NYSE stocks, so I just hung in as long as it remained above yesterday's high. The target was $90.00 but I let it go at R2 which was just about 15-20 cents away.
WLT was a bull flag play on the daily from last night's focus list. Early entry at $84.00 on a 4 bar 5 min. B&B. Took a partial and was stopped out. After tagging the upper blue line twice, I placed a buy stop order 2 cents above and it triggered while I was preoccupied with another setup. It rallied nicely to the next level, then it chopped around. I felt there was insufficient volume to really extend properly, but I stuck with as long as I could.
YGE was another HCPG pick and a sympathy play on CSIQ. Much better extension than CSIQ. I took my usual partial after 3 consecutive WRBs. Rarely does a stock extend beyond 138% so the final exit was obvious.
4 comments:
Hey Jamie,
You are on an incredible run of late - you may never have to work again! Has your average number of trades/day increased? It seems so to me.
Hey Jim,
Today was exceptional on the trade count. Didn't have time for lunch and was exhausted by 3:00. But I'm doing more prep work so that probably is paying off.
I guess it does pay off, WAY TO GO jamie! what a day, you got those trades so well.. I which I'll be able to get to your level one day :)
Thanks Tomer,
Yeah, some days are really good!
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