Day Trades - RIMM NFLX MOS CMG FFIV WYNN

As noted yesterday, RIMM had broken out of a multi-month base. Today, I placed a buy stop order above yesterday's high. Took a partial at the 62% Fib. extension. The balance ran up to 150%. The last 50% of the move was euphoric as we can see from the volume.

On the 15 minute timeframe below, we see that RIMM breached the top of the upper BB on a euphoric volume spike, marking the end of the move. Like capitulation, this is a tradable reversal setup.

Short RIMM on 1 minute timeframe.

NFLX and MOS were HCPG picks from last night's newsletter. I wasn't in love with the NFLX setup until it printed a NRIB - NR7, one of my favorite entry points. Price/volume contraction ahead of expansion.

MOS was entered on the pullback.

CMG took out post earnings gap highs, formed a base for the next leg up. I'm posting both the 5 and 15 minutes.

FFIV - Fib. retracement trade on 5 minute timeframe.

WYNN - Failed setup.