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Last Update: 1.13.14

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12.19.13 “$ROST Climbing Back Up” (Part 1)

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1.9.14 Thursday

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[10:15am CST] Entered Calls @ $74.05

I did get stop out of my original position yesterday when it had that wild swing but I was paying attention because we formed hammer with high volume at the end of the day yesterday.  This morning, I’ve decided to re-enter calls once we got back above this pivot level (red dotted line).

[Market Close]

Held up well and nice follow through after a hammer candle yesterday. Volume also pretty solid last two days.  Need to get above $75ish for continuation of this trend.

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1.13.14 Monday

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[1:36pm CST] Positions Closed @ $73.72

Well, so much for that hammer reversal.  Now that we are back into square one, we could continue in this range bound or possibly drip lower.  I just didn’t want to hold this positions while the market is looking weak today.  Positions were closed with tiny loss and I don’t have plan to re-enter anytime soon.