Thursday, April 22, 2010

Trade review 4-22-10

A few decent calls:

CPF

I nailed this one, despite the mixed broader indexes coupled with it being a NYSE real stock. See chart:


You can see the breakout zone resistance hit from below r/g & punctured decisively with volume on this play.

TER

No credit as it did not play out as outlined in the premarket. But it did roll past the previous session high to finish strongly in the end, staging an amazing "V" bottom recovery from its initial dive.

DCTH

This played out to script, opening up huge then being profit taken with a nice gradual fade.

CTT

This tanked hard from the gun with the Dow, recovering later but still finishing red.

PCBC

Headwinds indeed were up, as it continued its rise very solidly.

I overslept severely after getting to bed really late, missing the open and more. I am kicking myself over CPF, as I should have played it, but early on it looked like this was going to be a bad market day or at best choppy and sideways. I missed the huge momentum scalp play in TER in arriving late, when it was well underway. It went on quite I bit more than I thought it would. I hope more shorts show up in the scans tonight for Friday!


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2 comments:

Jerome said...

Big T, Thank you very much for creating this website. It looks great!
Thank you very much for all the good work you share everyday.

Big T said...

No problem, glad you like it. I spend a number of hours per day working on the lists, trying to get some new videos and articles up aside from the recaps and watch lists...