Monday, September 24, 2012

Trade review 9-24-12

I got some picks correct on Monday...

Hits:

FFI

A win for shorts when a gap down fell on the noise candle, then beyond for a fade entry early. It then moved sideways most of the remainder, closing weakly and negative by almost 18% today.

DUSA

A win for shorts when a gap down not much under the hod failed to cross over the flat line, then resumed falling and fell under the open for the fade entry. A gradual decline ensued, and it closed red by almost 3%.

UAM

A 2 cent gap down advanced early and triggered about 30 minutes in, yielding a winning long. It continued to gently rise all session, en route to a green close of over 1% today.

Misses:

NFJ

A fake out loss for longs when a flat open eventually greened and printed several candles over the trigger. A weak afternoon and tepid close ended it positive by just a hair but under the likely entry point.

EDU

Some longs could have been fake out when this gap down rose strongly out of the gate and eventually triggered after filling. As lunch neared, it faded and fell red, closing down almost 2% today for the loss.

Push:

CYTX

A push when a gap up fell from the noise candle and beyond, denying longs a play. A later candle tape painted new annuals but closed well under and below the flat line even. Red by over 4% today on a no entry.

CCO

Opening 2 cents over the trigger, but at the hod, this fell from the noise candle, so longs never had a play. Rebounds to the flat line failed to green, and it closed weakly, south by around 1.5% today. A push.

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

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