BAC - Don't play lunchtime

BAC - can be played when it had a break out but range is small so tough to do day trade with BAC.

One thing I wanted to point here is that though the lunch time 12-1pm looks good break out, NEVER play it; Most of the time this fails.. sometimes it works like in this chart

ARNA play - tough to play such gaps for day trade

Usually don't trade such stocks for day trading.. Don't even like it for swing trade or long term trade purely by technical reasons.

If there is fundamental reason to play.. then go for it.

TSLA play this morning.. worked nicely

Telsa worked beautifully, holding the whole number 56 was key for this play, once it held, you can add and exit on the way. Again exit on 57 was key. Can go up during the day.

LINE short sell play

When you see such patterns, where the stock is consolidating, it is a good idea to play it for quick gains. Have to be careful in such plays since the charts may do a false breakdown or breakout and then go in reverse direction.

In this case, it worked fine and take profits in the prior support area as shown. The Risk Rewards are generally good since the stops are very tight which is also risky since you may be stopped out by one tick.

HUM call this morning

HUM worked nicely over the 1st 5 min bar. The retracements were on the upper side of the 1st bar, so was waiting to add to the position. Once it started going up , added heavily and protected the whole number 77.

VMW play this morning

VMW played very well over the 1st 5 min today. The 1st bar was extended and worked well.
The 2nd attempt on this play was not great since the add was difficult and ended up with a break even position.

One thing to note in such charts for pullback is, if the 1st bar had a very big range like this one, then the chances of it working on the pullback is less, it may still work eventually in the day but the 1st pullback may not be that good.

ADBE break out play

Another break out play. Start small over the 1st 5 min at B1. Add to the positoin at B2 and enter full size. The stop is now below that red bar or prior 5 min bar. Exit on the way below the prior 5 min bar... excellent play. has more meaning due to the break out pattern.