MSFT
Intraday Fundamentals
• BZ: Microsoft Says Appreciate That U.S. DoD Has Chosen Co for Jedi Contract; Says Look Forward to Expanding Longstanding Partnership Agency
Technicals
ADV 26 m RVOL 1.01 ATR 2.48 BETA 1.23 Inst Own 75%
Daily
Hourly
Intraday
Trading Strategy
• Long bias especially medium term
• 144.50 will be the first test to the upside, see if it holds to use a mark in the sand, if it breaks this and holds this for the first 10-15 minutes of the morning find a way to get in small and look to add as it starts to hold above(or extends above 145
• More likely, this should pulse ot 145 if the momentum is positive at during the PM, look for it pull back into 143.50 to 143. If these levels hold be a little bigger an cover risk and look to add above 144 targeting 146
• Longs around vwap, look for a VWAP bounce play
Reading the Tape
Other than the opening trade, all these trades were taken as the tape gave some temporary signs of momentum in the favor of the desired play. The play to break 144 around 830 MST gave me signs to tap out and try again a few times. (solid reads)
Trade Management
Review
• I was looking for this thing to move to new highs in the opening. The pull back from the high was quick that I did not try to work VWAP.
• I needed to adapt to the signs that this may fall well below as it could not even get back to VWAP immediately after it broke.
• I needed to work for the last short as it could only wick above VWAP.
• Great risk management all day. I never had more than 4 cents of exposure.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-10-28 15:24:24 | MSFT | sell | $144.088 | short |
2019-10-28 15:24:30 | MSFT | buy | $144.062 | 0 |
2019-10-28 15:28:39 | MSFT | sell | $144.125 | short |
2019-10-28 15:39:53 | MSFT | buy | $144.094 | short |
2019-10-28 15:39:53 | MSFT | buy | $144.090 | 0 |
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