Thursday, December 15, 2011

Trade review 12-15-11

I got a few picks right on this day...

Hits:

ALNY

A gap up and go from the start was an easy long once it printed solidly over the opening price level after the noise candle. It peaked about 30 minutes in, then moved sideways most of the way until the close, which perked up a bit and ended north by over 6.5% today.

BVSN

Big gap up and crap from near the hod opened it. Then it rebounded, but could not overtake the original high.  Then it fell in the afternoon under the flat line and triggered, yielding a short on the 11 fail. It weakened some more and moved sideways into the finish, red by over 3.5% today.

Misses:

LIVE

A sad fake out loss when a clear gap up advanced out the box, before fast peaking. It headed down to and under the flat line and the opening price level, triggering a short. But this was short lived. It gradually climbed to and over the flat line and spiked in the afternoon. It weakened into the close, but still greened by over 12% today.

Push:

ABAT

A 1 cent gap up a cent over the lod rose from the gun, so shorts never had a chance to enter. Near lunch it traveled sideways into the finish, which was positive by over 33% today on a no play push.

SHZ

A gap up and crap from the hod prevented entry and any fake outs, which was also below the trigger. It dived all morning, then moved sideways into the close, south by nearly 9.5% today on a no play push.

CXS

This opened on a gap up above the trigger, but it fell at the gun, with the noise candle printing red. The next one opened a cent over it and also fell at once and closed red. A drift to and under the flat line followed, and it clung to it over and under a tad all day. Longs had no play, it closed essentially unchanged on the session.

ZLCS

A gap up right on 1.20 did not go over and trigger this. Instead it fell from it as the hod, going under the flat line on the noise candle. It continued to gently decline and move sideways, closing down by over 2.5% today.

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

66%

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