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Friday, May 29, 2009

FMM - Swing Trade Daily Newsletter Trade - XLE Candle

Candle Portfolio Portion of the Swing Trade Newsletter

(chart annotations excerpt:)

5/26 - bullish engulfing pattern today on decent volume. go long on a gap up open and trailing stop exit at the 200 day.
5/27 - went long on the gap up open (49.97) stock reversed just before the 200 day and reversed to the mid point of the prior days move., stop set at 46.
5/28 - exited long at (50.89) on a .30c trailing stop after crossing the 200 day as the 200 day has failed to hold for a 3rd time.






Date Share$ Shares Amount
05/27/09 49.97 200 10,000

Date Share$ Shares Amount G/(L)
05/28/09 50.89 200 10,184 184 1.8%

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