Monday, January 23, 2012

Trade review 1-23-12

I got one of them entirely correct on Monday...

Hits:

SJT

Bounce session accomplished when this gap up near the lod advanced early and often for the win. It ended north by over 4.5% today.

Misses:

AEN

This made more annual highs early, then peaked in 30 minutes after drawing longs in. It faded all session until the closing 90 minutes, when it rose into finish, ending up over 4% today. After commissions the entry lost.

XIN

Shorts were faked out when this fell under the flat line early. It soon rose back to it and then beyond. It closed off of the highs a bit but still up by over 1% today.

UXG

A sizable gap up means many longs avoided this one, but early buyers lost money when it peaked in 30 minutes and gradually faded from there. Rose the last hour, closing up nearly 3% today but under the entry.

Push:

ULU

Looks like a clear win on paper, but the price action sequence told another story. The noise candle printed the lod, which was never take out later. It went siedeways and then rose right afterwards, only weakening into the finish, to close down by nearly 11% today, but the initial low held. Shorts never had a clear play.

CPY

A gap up over the trigger 2 cents below the hod that printed on the noise candle fell at once, deny longs a play. After a green to red move early on, it continued to flounder under the flat line, closing south by nearly 9.5% today.

TRIT

This rose out of the gate, so shorts had no shot. A low float, so it's not surprising. It failed to redden, and meandered above the flat line before closing positive by over 2.5% today.

Off table pick VVC finally bounced from the lod for a tiny win long unless they waited for it to regain the 50 day SMA which means they also could have kept flat, since it did not get there. Up over 0.5% today.

Totals:
Daily record: W-1-L-3-P-3

25%

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