Thursday, July 07, 2011

Trade review 7-7-11

I got some of these things right today...

Hits:

LBAS

A gap up and crap from the hod for an easy win on the green to red cross. Closed south 18% today.

PMI

A boring win as this gapper slowly churned north during the morning, before going sideways. Closed positive by over 6% today.

Misses:

END

A fake out loss on the green to red cross about 40 minutes in. This returned positive and stayed so all day, modestly. Closed north a bit more than 0.5% today.

Push:

TBSI

Arguable as a win given its slow burn down all day. However, it never actually reddened, and that lack of a cross from a gap up and crap precludes a clean entry, although some might have banked. Closed positive by almost 1% today due to the gapper.

SNOFF

This shorting target finished unchanged and actually advanced early on, before decaying but never reddening.

MTG

Potential long never triggered, only matched the previous high without surpassing. It dumped heavily early on, at any rate, requiring a long recovery to close barely red.

HNSN

This advanced initially but failed to make new highs. After reddening, it held above the level it would have needed to falter under to become suspect, and recovered most of the day to nominally green at close, finishing positive by about 0.5% today. I suspect most either kept flat or may have broke essentially even.

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

66%

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