Trade Plan: BUY (at market close)
Here is what happened:
(click to expand)
Commentary: Interesting outcome. The trajectory showed an up move even with the headwinds – so our jump report suggested a long play… what happened though is that it moved down about 7% initially and triggered our stops. Then the next day it did rise. The optimum play (if going long) was to go in AFTER the move. Of course hindsight is always 20/20. Our only “official” loser for the week but for those that stayed in, you did ok on this trade.
Jump Zone Profit: -9%