Markets sold off today. Weekly breakout has failed thus far, but If I had to guess we will straddle that line all week.
Vix did run into resistance and then sold off:
I don't see a full break down here of the markets. Most likely more chop. If I had to guess a sell attempt in the morning and then a rally into the afternoon.
Anyway, although the markets falter and it was a wild day. My positions did well for the most part as my equity increased about 2.5% today. I made some well - timed buys in FEYE and TANH.
But I was not completely unscathed.
SALE-- this one was not to be as I got stopped
Entry 21.33
Exit: 20.52 (.03 slippage)
AAOI closed up 16%. -- -Monster breakout. I decided to use a bit of the thrust to book some profits.
I sold off a portion of my position at $19.00
Dip buy adds, FEYE
$44.25
TANH: This is one you just have to trust your levels. I did and bought at 12.25 I was rewarded with a pop into the close
On a weekly makes sense as there was the back test following a great move.
BOJA:
I do love the IPOs. I bought BOJA into the close 26.38 as it reversed red to green to close at the high. That usually translates into a move in the next day.
Great little run on the hourly:
Existing positions breakouts. I had two positions that had lagged finally get going, ERI and LGIH
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