A nice breakout in USO. This is a no-brainer breakout trade IMO. Energy exhibit great relative strength since the get-go. In addition, it draws huge participation. With the overall market hanging on at the highs of the day, it's a pretty good bet oil will take market a few notches higher. I missed out the earlier trades, but caught the pattern developing before 11 PST. A clean break of the triangle pattern. Exit was tough. I actually held on through the retracement, because I figure there would be a follow up. Nothing happened thereafter.
Nice break in AXP. One of the strongest patterns of the day. Bought into a fake break out around 10:15. It would have broken out if market had not been weak at that time. I held on due to such low volatility and volume. Added more shares as it broke out around 11 PST. Exit bar was obvious - the big red candle around 12:10. I actually got in again near the close for a quick scalp.
What a nice trend in SWN. Only if I've not exited too early.. It's okay. Opportunities abounds.
In hindsight, I got into X a bit early. Like AXP, I held on as it kept trending down. Eventually it came back with some force. But perhaps I shouldn't have traded it at all.
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