Buy at 10am sell at 12pm strategy, as I contemplated yesterday, could have netted $325 on 500 shares.
Today's breakout was precipitated by a surge in oil prices and speculation of HAL buying BHI.If the rumor is true are more Oil Service acquisitions coming down the pike? Will oil stay stubbornly high and not follow seasonal patterns? This could put a bid under OIH and XLE.
Herky jerky movement in the morning, then afternoon upward trend developed with many head fakes to confuse you. In retrospect, this was a trade that I should have made based on the volume spike at 13:30.
SMH also made afternoon comeback along with QQQQ, but still divergent.
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