Market is at all time highs with FOMC in 2 days. More earnings reporting for another busy last week of October. Doing pretty good with some rest from the weekend and feeling refreshed. Got in a lot of review and study on the weekend. TIF was offered a bid from LVMH at $120 per share. This was notable news and made the stock in play.
RVOL - 11.04
ATR - 4.89
Avg Vol - 1.99M
Short Float - 13.27%
Institutional Ownership - 96.10%
Trade Overview
I did more tape reading here and also was scalping move2move. This made more sense here than in my previous trade in SPOT. Worth noting I flipped back and forth in the A.M. session between the two. Two areas I notice where there was a lot of shares being exchanged was at 126.00 and 130.00 which may be a good set-up for a second day tomorrow. My first trade was made after breaking the opening sell off. Second was made in a second leg and going into the 130 level. Executed well overall. I was watching for a break of 130.00 but there was a big seller there possibly unloading shares. It faded but ran up into the close and after hours. Will have to check in the morning how it has developed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-28 09:57:15 | TIF | buy | $127.040 | long |
2019-10-28 10:03:13 | TIF | sell | $127.140 | 0 |
2019-10-28 10:26:04 | TIF | buy | $128.800 | long |
2019-10-28 10:28:40 | TIF | sell | $129.390 | 0 |
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