Another day of WWDC brings another Apple trade. Not as big a win as yesterday’s, but better than a poke in the eye with a blunt stick.
The setup wasn’t as clean on this trade, and we had just crossed the EMA which is a yellow flag (but not a red one). Momentum at the point of entry was good, and the price dropped nicely for about ten minutes. The exit came when momentum fell away to nothing.
Looking at the chart there was more on the table, but it wasn’t signaled, there was no momentum. Trying for more would have been gambling not trading.
There were some other nice trades around too, and not just in the tech sector. I know this blog sometimes feels like I trade only tech stocks, and it’s true that a lot of the big moves happen there (and much of my core list is tech), but there really are trades to be had across the board.