M Trade on Jan 10, 2019 09:36 from math_psycho: Tradervue User Stock Trades.

TICKER: M
BIAS: SHORT
SUPP: 25.5-25.7
RES: 26.25, 26.83, 27, 28.5
GAP%: -17
AVGV: 8.4M
ATR: 1.71
FS%: 14.26

NEWS: Macy's (NYSE:M) falls sharply after the department store operator lowers full-year guidance to a range of $3.95 to $4.00 from $4.10 to $4.30 prior and $4.23 consensus. Full-year comparable sales growth of 2.0% is anticipated vs. prior +2.3% to +2.5% prior view. The company also reported that holiday sales were up 0.7% on an owned store basis and up 1.1% on an owned plus licensed basis. Both marks were lower than expectations.

TRADING PLAN: Look for opportunities to get short on pullbacks.

NOTES: The selling seemed to be very aggressive early in the morning and I noticed that the price could not get above $26.30 and took a feeler at $26.23, hoping that I would get a pop back up to the $26.80 area to get my full position. That didn't happen and so I just trailed my small trade until I got out at $25.88.