Monday, May 5, 2008

30 minute OR Breakdowns - SYK

30 minute chart

Stock: SYK 30 minute chart
Entry Green Line: 62.33 short
Stop Red Line: 62.91
Result: .55 to 1.06
Setup Grade
: A-
Notes: Large stop less shares, small gap down at open, very weak and ugly daily chart - nice support on 5 ema


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE