Here is a recap of my morning trades. I didn’t participate this afternoon, so gains were limited to a few positions.
- CNAM – sold for 5.5% gain on overnight hold. I left a little on the table, but wanted to secure gains before lunch since significant volume wasn’t moving in.
- MPG – I liked this chart early for possible swing out of consolidating triangle and support on SMA50. I took an entry at 2.97 and sold just before lunch at 3.11 average (4% gain).
- ACAS – bought some this morning, but volume never came in so exited for small gain.
- AEZS – sold for.
- CIGX – this was my best trade of the day. Check out the chart.
That’s it from my trading desk. See you all tomorrow in the boom factory.