Kinda was sidetracked this morning with closing my FAZ position, and then literally like 20 work emails that needed attention.
# | Following Rules | Behavior Chain | % Wins | Gross | Net |
1 | 100% | 1 | 100% | 0.04 | 0.025 |
MPEL +.04 SHORT ~ Shorted at resistance and with overbought conditions on both daily and five-minute chart. Stock stayed in a dime channel despite the overall market weakness. After three hours in the trade or so, I saw the overall market bouncing a bit and exited just in time as the stock spiked a dime. The casino sector continues to show a lot of strength after a week of running and there are no cracks yet from what I can see even on a red day like this.