Trade review 12-9-10

I got a couple of these things right...

Hits:

WLOC

Opening flat, this immediately moved up barely, then went green to red. While it closed off of the lows, it was still down about 1 half of 1 percent. Any bounces failed to surpass the early hod, so shorts probably held.

ETRM

Despite this closing red by over 1% today, this is a win, since that was all lost in the gap on the down open. It debuted at the lod of 2 and never looked back, closing off the highs in a relative encore of the previous day's price action. An early long probably banked, as the lod was put in from the bell. The long scalp panned out. I got the direction and price action right, even if the gap was deceptive.

Misses:

SRZ

Opening flat, this did allow a short scalp from near the gun, but it was choppy over all, and the reddening did not last long until a big reversal hit. Such a whipsaw merits a loss result. Closed red by a bit less than 1% today.

Push:

HHWW

Once again, this never yielded a shorting signal, and it took 3. Opening on a gap up, near the lod, it never looked back, greening by nearly 15% today. A flat stance and hence a push was suggested.

FCPG

Opening on a gap down a cent above the lod, this zoomed up at once to go green and never looked back, greening by over 81% today. No weakness cues surfaced. A flat stance and hence a push was suggested.

GBOED

Although we opened on a gap down, save for noise on the initial 5 minute candle, this never yielded a shorting cue, as it immediately rose and went green for good, marching mostly up and ending green by 50% today. The lod was established in the noise candle. A flat stance was obvious, so a push.

NXPI

True, this broke 19, but it opened on a gap up at the lod and zoomed up from the start, so it never yielded a shorting signal, thus nobody likely got squeezed. A no play push that closed green by over 3.5% today.

Totals:
Daily record: W-2 L-1-P-4
66%

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