Trade Review $xon "Shorting Opening Gap"

Hey folks! Here is a trade we did today in $xon this is one of my favorite type of continuation plays.  Often when day trading we look for stocks that have big down days. Then our first moves are taking a light open or gap then shorting it on green to red move.  Every so often you get a much bigger gap a 5-10% type of move we did this same play on $fold last week.  AFter the big smash on news the next day it gapped up once it broke back under vwap i took a short in it and then the first bear flag I add more!

 

[screencast url=”http://screencast.com/t/pB2jOoJiqn” width=”” height=””]

 

Here is todays video on $xon

 

[screencast url=”http://screencast.com/t/4Z6u0z8jkLR” width=”” height=””]

 

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