Trade of the Day:

Each Trading Day, Solas Financial publishes a ‘Trade of the Day’. This is a particular stock which our internal proprietary traders see as a good short-term trading opportunity and one which we will trade ourselves if market conditions are in our favour.

We detail the rational for the trade, the profit target, the stop loss and the conditions under which to enter the trade. The trade is also accompanied by a chart generated from the Solas Trend Finder, algorithmic software developed by Solas Financial which delivers real-time buy and sell conditions on any stock, future or forex pair.

Wednesday, 10th March: Capital One Financial Corp (COF) Long >$39, Stop Loss <$38.15 & $36.80

Wednesday, 10th March: Capital One Financial Corp (COF) Long >$39, Stop Loss <$38.15 & $36.80

Symbol

Capital One Financial Corp (COF)

Long/Short

Long

Trade Scenario

COF is now breaking above highs from the past 2 weeks and taking out the $39 level to the upside on an intraday basis. If the stock closes above the $39 level or shows signs of good strength above this area then we will be initiating a long position. Stops will be kept tight until such time as the S&P takes out it’s 52 week high at the 1,150 level. Profit target is the stock’s 52 week high at the $43.50 area.

Entry Price

> $39

ISL

$38.15 & $36.80

IPT

$43.50

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Disclosure: Trading Equities,futures and Forex instruments involves substantial risk and may not be suitablefor all investors. Past performance is not necessarily indicative of futureresults. These results are based on simulated or hypothetical performanceresults that have certain inherent limitations. Unlike the results shown in anactual performance record, these results do not represent actual trading. Also,because these trades have not actually been executed, these results may haveunder-or over-compensated for the impact, if any, of certain market factors,such as lack of liquidity. Simulated or hypothetical trading programs ingeneral are also subject to the fact that they are designed with the benefit ofhindsight. No representation is being made that any account will or is likelyto achieve profits or losses similar to these being shown. The testimonial maynot be representative of the experience of other clients and the testimonial isno guarantee of future performance or success.