Wednesday, January 25, 2012

Trade review 1-25-12

I got some of them right on this day...

Hits:

SBSA

A win for shorts when a gap up near the hod fell red on the noise candle. Bottoming in 30 minutes, it stayed under the flat line all day and ended south by over 4% today.

BAS

A great easy win for longs when early weakness gave way to a morning red to green move to enter. It kept climbing all session, closing north by over 3.5% today.

LEE

The fade worked for shorts when early strength and greening tanked hard to the flat line and penetrated it for the entry. It soon bottomed and climbed again, though it failed to retake the flat line. One closing candle at the very end made it look closer than it was for sellers, with several exit points. Closed down by over 2% today.

Misses:

PROT

A gap down debut fell after the noise candle with prices under the open, drawing shorts in. But it bottomed in 35 minutes, then gradually rose, even greening into the finish, ending positive by over 3.5% today. A loss.

XCLL

Modest early strength triggered this after the noise candle by a cent and drew longs in. Then it fell hard under the flat line and for good, closing down by nearly 5% today. A loss.

Push:

ESPH

A flat open from the lod rose steadily out of the gate, preventing shorts. It kept advancing until the close, which was positive by over 4.5% today.

PACB

A huge gap up prevented longs from entering. Predictably, it fell immediately after the noise candle. Bottoming in 45 minutes, a gradual rise followed, but it still closed lower than it opened, up over 15.5 % today.

Off table pick XIN closed up via gap but ended lower than the open. Intraday it had exit points for shorts. Trouble is this seems like consolidation with a possible move higher, despite the falling volume.

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

60%

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