Wednesday, October 14, 2009

Bull Flag - SPY; Gap Fill - CTRP


SPY gapped up on good earnings and guidance from INTC yesterday after the close. It formed a bull flag reaching the upward 5 EMA. Took partial at morning high and sold remaining near the close.


Gapped up forming a spinning top followed by a NRIB. Entered short on the 3rd bar. I did not wait for it to close below 5 EMA. After the entry it consolidated sideways and went down slowly to fill the gap.

Had 2 losers today - FCX and one other from the scan.

1 comment:

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