7-30-10

The day is trending nicely to the upside with weak breadth, and strong ticks- kind of odd.

First trade of the day, 8:03am

This is a pullback/continuation pattern entry just above the daily pivot level.

Entry: 10433

Stop: 10410

Target: R1 with trailing stop to swing lows.

I just need to hope that I didn't enter into a chop zone which is quite likely considering the proximity to the daily pivot level. I can't say that this was a strong entry setup, but I would not call it a mistake.

Result: Stopped out.