Hey Guys,
I scooped up some VRSN this morning. A couple other tickers came really close to setting up (based on my trade strategy), but didn't quite hit. I'll keep monitoring those.
The market is in a small pullback this morning. Since it shot up so far the last couple days, my pullback trade setups for stocks and options might be pretty thin until the market either settles down or pulls back further. I'm just going to be patient and wait like always so that I can be sure I'm trading with a back-tested edge.
I did a futures trade yesterday at the open of the futures market. For those who follow my futures trade and are interested in the strategy, that particular one happens to be one of my favorite trades for the /MES futures. When the price drives down through the lower Keltner channel, I wait for the price to then be "off" the lower band for a couple days and then go long. So long as the price is "riding" the lower band, there's no telling which way the price is going to go. But once it gets off that band and stays off for a couple days, then there is a back-tested edge that the market will go back up. Of course the price has already gone up quite a bit since hitting that lower band, so we'll see if this particular trade ends panning out or not.