{"id":417,"date":"2019-06-11T03:05:16","date_gmt":"2019-06-11T08:05:16","guid":{"rendered":"https:\/\/daytradingfreedom.com\/blog\/?p=417"},"modified":"2019-06-11T03:05:16","modified_gmt":"2019-06-11T08:05:16","slug":"a-non-tech-winner","status":"publish","type":"post","link":"https:\/\/daytradingfreedom.com\/blog\/a-non-tech-winner\/","title":{"rendered":"A Non-Tech Winner"},"content":{"rendered":"\n<p>I said <a href=\"https:\/\/daytradingfreedom.com\/blog\/wwdc-profits-roll-on\/\">the other day<\/a> that it sometimes feels like I only trade tech stocks, but that&#8217;s not the case. In an effort to diversify what I post here, here&#8217;s a trade on UTX, a stock that \u2014 whilst it has &#8216;technology&#8217; in the company name \u2014 is not a tech stock in the strict sense.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" src=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/06\/10-6-19-utx.jpg\" alt=\"A day trade on UTX stock\" class=\"wp-image-419\" width=\"1000\" height=\"1000\" srcset=\"https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/06\/10-6-19-utx.jpg 1000w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/06\/10-6-19-utx-150x150.jpg 150w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/06\/10-6-19-utx-300x300.jpg 300w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/06\/10-6-19-utx-768x768.jpg 768w, https:\/\/daytradingfreedom.com\/blog\/wp-content\/uploads\/2019\/06\/10-6-19-utx-100x100.jpg 100w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n\n\n\n<p>As we can see from the chart, it doesn&#8217;t matter what the industry sector is (aerospace in this case), the patterns and setups work exactly the same. I don&#8217;t care if UTX sells microchips, aircraft, or ice cream. All I want to know is where those little red and green bars go.<\/p>\n\n\n\n<p>And on Monday they went down. Fast. We love momentum, so when the pattern set up I was ready to dive in with a short and ride it until it faltered.<\/p>\n\n\n\n<p>It faltered on the next bar. Momentum reversed, a battle raged between buyers and sellers, and I was happy to cover my position and let them have at it. A nice four figure profit in about five minutes.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I said the other day that it sometimes feels like I only trade tech stocks, but that&#8217;s not the case. In an effort to diversify what I post here, here&#8217;s a trade on UTX, a stock that \u2014 whilst it has &#8216;technology&#8217; in the company name \u2014 is not a tech stock in the strict &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/daytradingfreedom.com\/blog\/a-non-tech-winner\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;A Non-Tech Winner&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/417"}],"collection":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/comments?post=417"}],"version-history":[{"count":2,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/417\/revisions"}],"predecessor-version":[{"id":420,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/417\/revisions\/420"}],"wp:attachment":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/media?parent=417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/categories?post=417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/tags?post=417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}