Came into today all cash since I wasn’t looking to risk to much on the jobs numbers. Started this morning adding SCEI as it looked like it was going to bounce higher. Noted the 3 day pullback to support in my watchlist video this morning. SCEI showed an ideal and clean pullback to support on low volume. This pullback took it out of overbought territory
In at 2.51, out first half at 2.62 +4% and out the rest at buy in for a scratch. Took home an okay profit on this one. Was actually looking to hold overnight but the stop out did allow that to happen. Next time I need to scale out earlier on that first half.
Next trade was in NUVA on a break of the downtrend. Had a solid bounce off the 50 day moving average and broke through the 20 day moving average. This one just couldn’t get going.
In at 15.80 and out at 15.55 for a 1.5% loss. Had good hopes for this one, but just don’t think it was in the cards this time.
Last trade of the day put me in RST. This was a low volume stock so I didn’t think it would actually be a worthy trade but the setup was spot on with the flag. Love seeing the high run up then a sideways flag for a good push higher.
In this one at 9.89 and decided to hold this one overnight. It finished at the highs which I like but volume never came in so I won’t hold this one for long.
