Trade review 8-5-10

I did manage to get a couple right...

Hits:

AREX

Modest gap down faded cleanly en route to red finish of over 5%

CSCX

Very nice fade on weakness as it fell from near the open from a flat entrance, finishing south by over 5.5% It recovered later, but not enough. Most who took the play probably covered for a tidy gain.

Misses:

MDCO

This looked strong enough from the beginning, never giving the shorts a chance, finishing up by over 5%

GWES

It kept advancing. Not by 1,900% today, but by 25% I suspect a fall awaits, but the pick is what it is.

NVMI

True, it still held 6, but the gap down never quite made a red to green and it faded into the close to finish red by over 1.5% Most of my subscribers probably never entered as it was never strong, or green, thankfully.

Push:

WWWW

No profit taking fade, but it did advance decently very early on, going red to green off a nominal gap down. I assume some of my readers profited on that move. Up finish by less than 1% A push seems in order here.

Totals:
Daily record: W-2 L-3 P-1
40%


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