Monday trade - DRYS

This trade was more intuitive than my normal trades. DRYS just looked so weak compared to USO, similar stocks like RIG, and the overall market. There were just no buyers. The setup could be classified as a B&B or narrow range bars with volume contraction at a pivot point. I didn't get the greatest fill on the exit, so this was a 2.2R trade. Reasons for exit:

Nasdaq was nearing 1600 with a technical bounce likely

RIG and POT were showing signs of strength

High volume on hammer at 2:50 in DRYS (sign of strength)

Setup:65