090309 - ARO

I didn't do any scans this morning, so I had to get my WL from CNBC. It was short, just ARO and FDO.

ARO was not ideal, but it ended up being a good trade. There was initial strength followed by an orderly pullback ending with a hammer. I traded above the hammer and exited at the ORH. Had I tried to hold on for more I would have been worn out and probably exited near the same price later on. It ended up hitting the target at the end of the day, but without me.

I also had a couple scalps in FDO, but not worth posting.