Bid Sotheby’s Day Trading Strategy

Daily Stock Plays Members were alerted of this trade before it triggered. Our proprietary stock screener recognized BID with a bullish intraday chart pattern and bullish trendline break daily chart pattern, and significantly higher volume than average for the beginning of the day. The S&P futures gapped up 10 handles at the open and BID opened up 1.3%. Whenever you see a bullish spike up then sideways consolidation for a few bars, look to buy a breakout of the 30 minute high. The trade triggered at $39.27 shortly after 7:05am PST and rallied most of the day to a high of $40.08. The final maximum reward/risk was $0.81/$0.25.


X (U.S. Steel Corporation)

Members of Daily Stock Plays were alerted at 6:40am PST, 10 minutes after the open, that X was a Stock In Play. Our proprietary stock screener recognized X with a bullish intraday pattern and bullish daily chart pattern, and significantly higher volume than average for the beginning of the day. UBS upgraded NUE and STLD based on higher steel price forecasts, and X went along for the ride. Whenever you see a strong opening drive like the first four bars X had today, either look to buy a pullback to the EMA or buy over the 30 minute high with bullish sideways consolidation. X broke over the 30 minute high ($31.40 trigger price) shortly after 7:40am PST and rallied nicely to a $32.05 high of the day. Become a member of Daily Stock Plays free for one week.

OXY Occidental Petroleum Daytrading Strategy

Daily Stock Plays Members were alerted of this trade before it triggered. Our proprietary stock screener recognized OXY with a bullish intraday pattern and bullish daily chart pattern, and significantly higher volume than average for the beginning of the day. Whenever you see a strong opening drive like the first three bars OXY had today, either look to buy a pullback to the EMA or buy over the 30 minute high with bullish sideways consolidation. OXY consolidated sideways for 25 minutes then broke over the 30 minute high ($90.99 trigger price) shortly after 7:10am PST and rallied nicely to a $92.49 high of the day. The final maximum reward/risk was $1.50/$0.55.