The Market sold off, but breadth was positive.
Interestingly, the move retraced exactly back to the 61.8% fib line--- if you believe in that sort of thing
Despite the red markets, it turned out to be a good day for me.
I sold off My ADRO for a 9% gain on the position since Thursday.
I hate gaps in my direction as they usually kill the move. ADRO gapped and faded so I closed it. (2 hour chart)
GIMO 30.46, Looks like we have a decent Flag here. The opening move was pushed back. But the breakout point held as well
$4.43 ICLD gave the fishhook buy on Friday but couldn't hold the breakout. Today it gapped and tested the buy point and then rallied. There's a lot of power behind this one.
BIOC @3.08 This is climbing that bottom weekly trend line. I could see this launching from this point. Tight stops.
Bought some 75 June Calls @ $3.65. This range is high and tight.-- can sometimes lead to massive moves.
IPHI June 19, 22.5 Calls @$1.00
Earnings were good -- pushing IPHI to a w1 breakout. I love that it back tested-- Should be cleared for higher prices. I bought the calls
NDRM (Short) 12.92 added another lot to my position.
An inside day.
Fishhooked and it ran hard.
Entry $9.13 --- Exit $9.62 I had intended to take this overnight like my last 3 PTBI trades but this time it went parabolic into the close so I figured I'd take the money and run.