The timed release picks saw both Beacon and Preacher going with ASYI while PSF picked BKPG
A huge upper shadow doji formed on the daily with ASYI while it finished technically unchanged on the day. A rare working long, in the first 5 minute candle it opened on the low and moved up 17 cents! It also had a few dump candles for the shorts in the first 30 minutes, then it recovered and did little the rest of the way.
Meanwhile, BKPG had its gains in the gap up, with uninspiring price action for either side of the coin. Looking at how it played out, it would have been tough making any money timing it or managing the behavior live. The short was probably the better play if you could have held through the early squeezing & had taken the plunge.
I got a couple right:
Hits:
EMIS
This held up well considering the Dow, which finished red. It tested resistance and failed, but was down at the close by less than 1% The high was close to the high from the previous session in the 3.50s, where it stalled.
CMED
Perfect call, arguably. It gapped down and immediately went red to green as predicted, and began to stall after an hour of upside. If you had sold in the first few hours as suggested, you banked some coin. It finished negative slightly, but that all came in the last hour or so of trading.
HYTM
A home run short I predicted perfectly. Once the news wires were checked prior to the bell, this up on no obvious news flyer from Friday tanked hard and fast, finishing down over 27% A flat open soon went green to red in the first 40 minutes of the session and never looked back. These are "gimmie" fades, folks!
Misses:
PIP
It did not gap down, it gapped up. While an early long from the bell exiting no later than lunch time at 12 P.M. EST would have banked some tiny coin, no credit as it finished red as well, albeit by less than 2% One bright spot is it sold off in earnest right on schedule, if you look at the intraday chart.
TLAB
Bottom fishers will have to wait at least one more day, as it opened near the high on a gap up and faded most of the day en route to a red finish of 2% ish. No real bounce here, but it was obvious from the start so most of my subscribers probably never entered the play.
ARWR
A big letdown here as the hod closer had a rare gap down of significance. That is because just 5 minutes before the regular session bell it sold off hugely. Any entrance at the bell banked coin for the longs, but it was too choppy and up and down for realistic management. Finished red by 10%+ which seals the deal as a loss.
Push:
AZGS
The impressive moves continued as this finished green by more than 20% However, a push is the best I can claim as it faded early for the longs, after gapping up. The second half of the day it recovered in spades. There was no early red to green, but it did happen later on in the session. I try not to pad my record unfairly, and as I have explained before, you cannot merely look at the final result on the daily chart to rate the call!
Totals:
Daily record: W-3 L-3 P-1
50%
My unofficial play was no surprise, as JSDA kept on fading today. It finished red by over 12% after gapping down. An early spike soon went green to red for a classic fade into the close. I was one day late in my timing. I hope some of you found shares as this was a textbook entry to a degree, if you caught the price action.
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