I got a couple correct...
Hits:
AHD
This opened on a gap up, but after some greening, a nice green to red and fade entry presented itself. Red finish by 5% and now down more after hours.
ARNA
Credit here on the nice gap fill. Also, my followers who know I love green to red short entries saw a nice one with this today. Once the open of 7.50 was taken out, an afternoon fade ensued. Almost any stock that goes green to red mid session is a boring, but rent paying, short sell. This is especially true on over extensions!
Misses:
FVE
Opened on a gap up, eventually went green to red, then back again, finishing up over 1.5%
AZC
Slight gap up faded early on for some time, even going red relative to the previous close. But it later rallied, finishing up over 2.5% on the day. Arguably a push, but such split personality moves deserve a loss tag.
Push:
AKVA
A no change day ensued on this with very little volume.
Totals:
Daily record: W-2 L-2 P-1
50%
My unofficial pick, TRW opened above 35.30-50 but it faded most of the way thereafter. Up after hours, it may keep going. Usually multiple toppers fail near resistance, but when they bust through, the move has added force due to trapped investors who gambled and lost being forced to cover. Always remember, failed chart patterns are some of the best plays, if you can be flexible enough to adjust accordingly.
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