Just your average choppy consolidation day after the big move up yesterday. There looked to be some capitulation after the third attempt at breaking 1377 failed. But 2350 on the Nasdaq held, so I'm not reading too much into that. The S&P will be doing battle with the upper trend line and then 1400.
I set up a few trades but didn't execute any of them after not sleeping well last night. I was looking at WYNN break of ORH, DHI break of ORH after two NRIBs, and shorting WYNN at 115 after it peaked. These all would have worked out reasonably well, so oh well, oh well, oh well (White Stripes).
I'm using Trader Jamie's acronyms, so check out his page for the definitions.
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