Trade Plan: BUY end of day, possible short at top
Link to the Jump Report
Here is what happened:
(click to expand)
Commentary: Intel reported a solid beat on both the top and the bottom line and per the Jump data we saw it pop up about 4% before it retraced and went down about 3%. Even though our data was correct, this was a tough trade to execute unless you grabbed your few % on the up move before it retraced. We did hit our Jump Zone target even though it was only 4%. The short move though we called it correctly was too difficult to execute so we did not enter a SELL.
Jump Zone Profit: +4%