CTSH play

The big drop down to SUPPORT was a great opportunity to buy and add as it went up. See where I called it and added to the position. I took profits along the way. Still may go up,but can't complain after getting over 6.5R in profits

PXD play

This was a gap that I didnt like. I did not play it and is risky to play such gaps. Only reason to play is it held the 1st 5 min bar, had a minor pullback on the upper half of the 1st bar and went up. Quick profits here

LBTYA break out

LBTYA was an excellent play today. It opened just as a perfect gap just above support level. The 1st 5 min bar was a perfect green bar, nicely formed candle stick and then a small pullback and again it went up. Very good consolidating pattern that gave an opportunity to add to the stock and exit as it went up. Check out the pattern and how to play it

I always play such patterns where the 1st 5 min bar is good, start a small size above the 1st 5 min bar (much better if there was a small pullback like this one) and then add to your position and exit when you get your target for the day.

FOSL mega gap

FOSL opened too high above support and was a mega gap. Mega gaps are gaps that open much above the support level. This one opened very close to the target or resistance on the daily. I did not play them because of this reason. The stock did not move much in price since it already opened with a huge gap.

DIS Play

Though Disney gapped up and closed above the open today, it was not playable long per my trading rules. This could have been played as a short when it went below the 1st 5 min bar at open. I have marked the entry and exits on the 5 min chart.

It is extended is what I feel. Tough to go long after so many days green.

D - good for swing

D looks good on swing trade, where you will buy and keep it for few days for profit. If you buy, then buy above today and your stop should be below the line I have marked on the daily.

Tough to play it as a day trade.

ARNA play

ARNA was a very good gap but it gapped into the mess on the daily. Though the gap worked very well and it did not get suppressed by the messy daily pattern, it was strong and went up straight.
It was difficult to play this pattern due to the opening of the gap into the daily mess and because the gap 1st 5 min bar was broken. It played well during lunch time, which is against the trading rules. It finally finished above. I like it now and crossing 200 day moving avg on daily is a great come back sign.

Today it went up on news that hedge fund managers are buying it. More fundamental than technical.