Just a few charts to show what I was looking at and trading today. The chart below shows my entries indicated by the red arrows; my stop levels indicated by the white lines and my exits; the first green arrow is where I got stopped on 500 shares and the second one is my limit exit.

Here is what the chart looked like after I exited at 84.35.

If I had not used such a tight stop I could have caught this move with full size and been done for the week. Oh well, the market was a little thin to start with and is still acting squirrelly, so I don’t want to risk too much capital.

In line with this trade, I noticed MA setting up a nice Inverse Holy Grail (IHG) on the 5min chart with two Doji consolidation bars. I thought seriously about shorting it with 500 shares, but erred on the side of caution. Would have been a sweet trade. So it is jut before lunch and I have made $325 on one trade, missed some big moves and I am done for the day. I should have kept my stops looser and not tightened my profit target. V was weak as the market was moving up to fill the gap but I didn’t read the signs correctly.