Monday, June 25, 2012

Trade review 6-25-12

I got something right on Monday...



A clear win for longs when a gap up steadily rose and triggered early. It peaked by lunch and decayed and moved sideways from there, but still closed up almost 6.5% on Monday.



This looks like a win on paper for shorts, but that's deceptive. The noise candle fell, and the following one yielded a short. This fell for a while, but unless exiting before the afternoon, it lost as the stock rallied to the flat line twice in the afternoon. It closed south by over 4.5% but that was above the likely entry price fade.


This fell on the noise candle, then rose and greened. But it soon fell back under and traded under the open about 45 minutes in, yielding a short. This was a fake out when it immediately began rising slowly. After greening, it stayed positive into the close, up almost 2% today.



One of the most stubborn risers, but this time shorts were not faked out, and just stayed out when a gap down fell hard on the noise candle, then advanced from there, finally greening. It rose into the close, up almost 3% today. A no play push.


A significant gap down fell slightly after the debut, and flattened out. Then it gradually rose but greened so late in the day a long was no feasible. It stayed nominally positive, ending up less than 0.5% today. No play.


A big gap up negated a long, which proved to be a smart decision as it usually is when contemplating a buy. It moved sideways and a bit down after, closing up over 16% due to the gapper, but that was deceiving since most of that was lost in the space between. A no play push.

Off record play ARNA closed down almost 7%. It rose and greened early, but provided a nice fade back under 10 about 30 minutes that continued to decline most of the way.

Daily record: W-1-L-2-P-3


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