Great Hump Day

Featured Day Trade of the Day

Solid day for me in the market.   This morning started out flat, and I was tempted to just pass on the morning setups, but I gave it a go.  My first play of the day was J2 Global Communications (JCOM).   The stock was up strongly on the 5-minute chart.  Come to think of it, it didn’t have one red bar.  I was able to sell out of the stock right before the morning reversal came into play, which sent the stock down about 6% at the time of this write-up.  See the chart below.

JCOM Breakout Trade

Total for the day: $308.50
May $251.26

JCOM  +$139.50
OC - $98.50
ONNN +$145
TIE +$125