re: my day

sspencerOne Good Trade, Steven Spencer (Steve's) BlogsLeave a Comment

I focused on RIMM on the Open as it was In Play after reporting yesterday.  I traded it on the short side once it dropped the 128 support level.  It was fairly tame and became weaker as the day progressed.  There seems to be support around 123.40.

Traded NKE in the afternoon.  Didn’t catch the initial short below 60 but caught a nice move from 59 to 58.  Was long for most of the bounce in the final hour from 58 to 59.90.  A single buyer appeared to be moving it up the entire time.  I will look to identify support tomorrow morning and expect an upmove through 60.  I will short on a failure to hold above 60.

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