TNA, MOS, FFIV

Finally the SPY moved and closed above the Jun & Aug. resistance. As expected, today was a buy and hold day in indexes. Had some good trades in TNA & MOS. Missed the nice move in BIDU which has been consolidating on low volume the last couple of days.

Like the simple long setup in TNA. 2 opposite color candles, one closing very weak and the other very strong. EMA's are apart. Went long on the break of 2nd candle high. Sold 3/4th around the $45 level. TNA then retraced. 12th candle is weak and the 13th candle takes out the lower and immediately reverses. Added to my position here. Sold the remaining at the end of the day.

MOS was based on daily chart. which had a WRB followed by an IB. Was expecting a move today if market was strong. 15 min. chart almost same as TNA. Opposite colored candles with support from 5 EMA. Wanted to take profits in MOS and sold on weakness. I entered long again at the 2 NR7 on R2 support but was stopped out.


Move followed by sideway consolidation. Was expecting it to make a move but nothing much happened.