Playing off the sector weakness. All bank names from earnings previous day were trending down a majority of the day. started to see the chart breakdown right before 11. was topping out around 140.40 area then made a lower high around 140.30 with similar volume. this gave me the confidence to start a short position.
Got in right before sell off, once I seen it start to consolidate that is where I cover the positon. ended up nailing it right before the it pushed back. Happy with my exit on this play.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-14 10:52:25 | JPM | sell | $140.230 | short |
2020-01-14 10:56:44 | JPM | buy | $139.960 | 0 |
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