Well Done!

The Play Trading WYNN

This stock is close to the high of the day. The markets are negative. The safest play was to stay Neutral and wait. If you got in with the trend which was going up you are in the money but usually you should wait for a pull back to the moving averages before jumping in a stocks trend. Otherwise you usually loose before you win. What is your next play? Click to enlarge.

The major markets have broken through the moving averages this is a good sign. They are now positive and we have our eyes on a strong stock which has just had a little pullback on the one minute chart. Where do we go next?