Burnt Car Edition

My car caught on fire this weekend...awesome!

Updates to follow, I don't feel like posting the story quite yet.

Stopped out

The fed day volatility stopped me out on my TNA position after the decision.  I should have been smarter with my order placement, I left my stop on (which I wasn't upset about) rather, I should have gone with my instinct to put a limit price on the top side of my range before the fed announcement as well, just so I wouldn't guarantee myself getting stopped at a poor price.

Another lesson learned.  At least the market paid me back on this one!

+$123.40

Chart update, price targets

I am going to have to figure my game plan going forward.  Where I should set my stop since I am now in the green, but however last trade I ended up placing my stop way too close, and was tripped out in the volatility (before a very large move in the intended direction)  right now I am thinking of leaving the leash where is lies...I am expecing for a larger move positive with a bit more conviction before this counter rally finishes.

My biggest concern is that I am in the mindset that this longer term rally from march is over, with a broken trend line, and weekly divergences in momentum.  I just want to be able to hop in on that as well, and by the looks of it soon.

Long TNA

I am taking a bullish stance for the short term...I am bummed to have been on the sidelines this long while the market was bleeding downward, took a while to wait for a decent opportunity to enter in the market.  I found one with TNA, which was prime for a reversal, plus a pretty low risk entry as it was tracing back to some previous support levels.

Wouldn't you know it?  The market responded to my plan, and it looks like we may have some last remaining bullish sentiment to be shaken out.   My thought is to wait for a day or two up in TNA, and hopefully there will be a textbook H&S patters forming on the indices.

Long 85 shares @ 35.25
Stop under support @ 34.15