Friday, July 20, 2012

Trade review 7-20-12

I got some of them correct on Friday...

Hits:

SATC

Early moves up quickly fell to the flat line, then below for the fade. This continued to dive until lunch, when it moved sideways the remainder, closing down over 3.5% on Friday.

NRP

An easy win for longs when a gap down advanced after the noise candle, greening early. It continued to rise gently most of the way, en route to a positive finish of almost 2.5% on Friday.

OOIL

An easy win for shorts when a 1 cent gap up fell soon after the open, crossing the flat line to yield a short. It continued to dive until late morning, when it moved sideways the remainder, closing red over 9.5% Friday. 

Misses:

CNMXF 

A fake out for shorts possible when a gap up fell initially past the noise candle. It greened in the afternoon, staying positive and closing up over 22.5% on Friday.

EGHT

Early weakness slowly recovered and greened late morning. After making more yearly highs, it peaked quick and fell back to the flat line. It moved sideways the remainder, closing down a bit over 0.5% on Friday.

Push:

ALJ

A clear gap down fell on the noise candle, but rose and greened just after steadily. It stayed positive the remainder, never giving shorts a play, closing north by almost 2.5% on Friday.

ZQK

A gap down soon filled, and hung around the flat line most of the way. It never triggered, closing unchanged in a no play push.

Off record play AFFY rose off a clear gap down out of the open, then fell after greening on it. After crossing the flat line, some shorts banked unless they entered late. It slowly began to recover following lunch, closing down 1% on Friday.

Totals:
Daily record: W-3-L-2-P-2
60%  

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