Check out this sudden move in The Gap Inc (NYSE: GPS) which started at 2PM EST. 10-minute chart:

I guess CNBC reported that they were going up for sale, which the Gap representatives won’t confirm.

News trading sure can be lucrative sometimes… I wouldn’t want to start watching CNBC again, or anything… no amount of profit is worth that! I used to leave it on during the day, but I am so much happier now that I’ve stopped. Still, maybe one day I should try leaving a news feed up, and see if I can get any action off of it. I’ve never tried to do that, before.

Stocks Mentioned In This Article
Stock	Links
GPS	| |

The stocks I was watching acted kind of disappointing today. They kinda ran up and did nothing. Here are two examples…. C. H. Robinson Worldwide Inc (Nasdaq: CHRW):

… and T. Row Price (Nasdaq: TROW):

I was very close to biting on Pacific Sunwear (Nasdaq: PSUN) on the break of 21, but I waited long enough to see that it went to 21.01 and turned around. I should have shorted it…

My One Trade
Even seeing that new highs weren’t on the menu for my stocks, Crocs Inc (Nasdaq: CROX) painted a pretty picture just under 45. I thought it had good chances of popping through, after the enthusiastic vertical move it had made an hour before. So, I scalped the move: in at 45.00, out at 45.15. The 10-minute chart below makes me look like a genius, since it promptly fell down a few seconds later. Again, I ask myself why I didn’t short it…

… but I’m happy to take a 0.5R gain on the first trading day of the year. Always nice to start in the green!

Victory for the News Traders
Just now, the FOMC minutes came out, and the markets made a dramatic move. I had stopped trading for the day, and didn’t even see the initial drop since I was writing this post. I don’t know what they said, but Mr. Market sure didn’t seem to like it! This must be a good day for news-based traders! (I hope everyone with long positions had good stops in place!)

Stocks Mentioned In This Article
Stock	Links
CHRW	| |
TROW	| |
PSUN	| |
CROX	| |