Sunday, December 04, 2011

Trade review 12-2-11

I got some of them right on Friday...

Hits:

MOV

Longs won easily when this gap up near the lod advanced out of the gate. This continued half the way, then it moved sideways in the afternoon, en route to green finish of around 4.5% or so on Friday.

STON

The price action worked for bouncer longs, as this gap up filled at once and reddened. It put a bottom in soon and rebounded, going green for entry. It mostly hugged the flat line or was nominally red and then it gently advanced in the afternoon and into the close, to end up over 3% on Friday.

BIOF

This gap up advanced from the start, printing over the open after the noise candle for the entry. It peaked in a half hour and retraced some of its move, but gradually climbed the rest of the way to end positive by at least 17% or so on Friday.

Misses:

PCYC

Some shorts could have been faked out here when a gap up began to fall under the open early on but after the noise candle. It reversed soon after and kept climbing most of the way, closing up over 4.5% on Friday.

DEXO

This looks like a win on paper, but it's a loss after commissions at best, most likely. A gap up advanced early, but then it began to fade. It actually went green to red, but the closing candle and next one were a bit below the closing price. It rebounded and moved up and down near the flat line the remainder, closing south by over 0.5% on Friday.

Push:

CECO

A gap up hit over the trigger by just a cent and that candle closed well under. It never could really take it, only equal it. A late morning fall back red rebounded, but again could not exceed the trigger. Closed under it after mostly sideways moves in the afternoon, up over 1.5% on Friday.Few if any longs entered. A no play push.

CAGC

Except for the noise candle, this advanced, going red to green early from a flat open that fell at once. A gradual climb ensued, and it closed north by over 6% on Friday. A no play.

Totals:
Daily record: W-3 L-2-P-2

60%

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