With a bullish gap up in the market this morning in the Q's, it would only make sense to stay long. My first play of the day was in XLNX just before 10 am as I took the first 5 minute buy that triggered. Price action in XLNX is usually whippy and I avoid trading it usually, but today it was my only long stock on my list so I was forced into watching it. It took awhile for price to get going but finally XLNX took off but later price pulled back below my entry price which did not allow me to get to a full share size on the play. With my play continuing over lunch, I was still in a partial share size when finally I got a nice 15 minute buy setup above my opening price that I could get full on the play and raise my stop which happened about 1:45 pm EST. Now with full share size, stops, and targets in place, I watch as XLNX finally took off this afternoon hitting two of my targets before finally rolling over with the market. This is what has become my bread and butter play for mid morning and afternoon plays. Here is the 15 minute chart for my play in XLNX...
xlnx 01302014