I had a solid session in the $ES_F. I was working a long trade inside the VPOC. On my first trade, I earned 1.5 handles on one piece and then scratched the net +2 ticks. Then I re-entered and earned 1.5 points on my first piece and 5 handles on the second. Nice little victories to have, all according to plan.
I jostled my portfolio up a bit, selling another 1/3 of my ANGI after the housing stats. The housing numbers came out in-line/better than expected and ANGI had a nice morning move. When it didn’t pump alongside the overall market, I took the cue to scale some profits.
I also started buying JRCC. There’s a lot of good guys in this trade, for various reasons. I’m in it for the little 5-10 percent, you know that. That being said, I want to see this trade get moving soon as it hasn’t quite turned the momo corner. Developing…
Look at Ford, wow, good American breakout. I’m taking a step back this afternoon and smelling the roses. I want to see some afternoon action before deciding to buy more stocks or sell down what I have.
http://youtu.be/f5L140YRFpg
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