Watchlist: AIG ALV TGT PHG VRX BKE GYMB TJX SOL LFC
Today so far in the AM my watchlist was almost all range bound, except for AIG ~ today’s morning dropping anchor play, though it had a little bit of a bounce from $10. Others brokedown below their opening range but as of 11:30am, all have recovered as I write this. Accordingly, fade and bounce set ups were more suited for today’s environment.
| Tick | Shares | Gross | Fee | Net | Set-Up | Actual |
| VRX | 200-Short | -12 | -2.77 | -14.77 | Top Fade | Mixed |
| TGT | 200-Long | 18 | -3.86 | 14.14 | Error | Mixed |
| -$0.63 |
I was not feeling it today. TGT I wanted to short for a potential ORL Breakdown, but I put in a buy order by mistake. However, right after my purchase, the stock did a crazy spike that I profited from, and then did fall as I anticipated. I considered the bounce as a possible better entry for a short, but I had doubts given the suddenness of the price spike (may have been a market maker stop hunt). VRX created a tight .03 cent range after my entry, and I moved my stop order right above it, which was the right call so far saving me $12 from my original stop – right now VRX is threatening a break out. I considered flipping at $22.95, but there was no volume spike. This one I think will melt up a little more and then stay above $23.00 or have a top fade in the afternoon.
Again, in the realm of hesi-trading, my big regret today was LFC, which I was stalking the several times it was above $59.00 as a perfect Top Fade. This time I did start my inputted order, but hesitated like 30 seconds both times near the peaks at 10:20am and 10:55am. But the price moved too quickly down and I did not get fills. So I guess that is a baby step, at least pulling the trigger on my inputted orders. I didn’t want to chase them by moving my order 10 or 15 cents lower from where they were…so stayed on the sidelines on LFC, as I saw it go from $59.15 to $58.55 fairly quickly.
