Trade Plan: SELL (before market close – previous day)
Here is what happened:
(click to expand)
Commentary: Win! A solid call on the jump.direction for this BMO. For those in the trade room we talked about it being a weak jump zone but the research on the direction was solid. We picked up only about 3.5% profit on the move – but it was a good trade experience. Clear cut with no funny business, as it gaped down as soon as market opened.
Jump Zone Profit: 3.5%