I don’t think anyone could have predicted at, say, 12:40PM ET that the opening gap in the Qs would have been filled by the end of the day.  That was even more impressive than yesterday’s fade.  Look at the vertical blue line in the chart below - could you have predicted what happened afterwards?

I made three trades today, all shorts.  I ended up with a good day, but there was a lot of money left on the table.  That is ok, though.  I know in the long run this strategy will work.

First off, I shorted AAPL.  I took partial profits at 3R and was stopped out at breakeven in the afternoon.

Next was MOT.  I took partial profits at 3R and moved my stop to breakeven.

Last was HGSI, which turned out ok.  It’s too bad this one didn’t hold up a little in the first half hour.

Related Posts: