Tuesday, June 28, 2011

Trade review 6-28-11

I got a few plays right today...



A gap down from the hod fell at once, yielding a short entry. This gradually declined, closing south by over 10% today.


Even better than the above stock was this flat open at the hod which steadily decayed all day, closing negative by over 28.5% today.


A gap up advanced early, then fell to test and hold the flat line. It stayed green modestly and moved sideways, then an textbook afternoon fade ensued for the short entry. It went green to red, and closed down over 4% today.


A gap down open fast filled and nominally greened. This almost at once headed back under the flat line and then under the opening price level for the fade entry. It kept decaying all day, closing red by over 10% today.



A gap up fell initially, but soon painted over the opening price level. This may have sucked a few longs in. It soon peaked, and gradually decayed most of the remainder, staying positive by over 3% today due to the gapper. Daily doji was a loss due to the price action sequence, though the losses were rather modest.



An easy loss for longs to avoid when this gap up and crap fell from the start and opened on the hod. Going green to red speedily, it never gave longs a chance to enter. A no play.


This essentially went nowhere. It closed down about 0.5% but it's not a win once commissions are factored in. An entry on a break under the opening price level if not the lod was a win on paper, but that's about it.

My off record pick SAPE proved to be better than my listed new annual highs play. It opened near the lod and fell early before gradually recovering. It closed weak, however, and it's quite possible some could have lost money after commissions or outright on early strength from an entry.

Daily record: W-4 L-1-P-2


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