Tuesday, October 02, 2012

Trade review 10-2-12

I got nearly all of them right today...

Hits:

BYFC

A gap up from the hod fell at once, soon giving shorts a play. It hugged the flat line much of the way, closing south by almost 3% on Tuesday.

SYRG

A 1 cent gap up from the hod fell from the gun, yielding a short after the noise candle. It bottomed out in 30 minutes and moved sideways and up the remainder, but ended down over 3% today.

MGI

A gap up from the hod rose on the noise candle, then retreated a bit but soon printed over the open for the long entry. It moved sideways and a bit down into the finish, but ended up over 2% today for the buy win.

REE

A flat open from the hod moved sideways early and then down, printing under the open for the winning short. It kept up a gradual decay most of the way, ending red by over 5% today.

SCHN

A clear gap up fell from the open, and soon crossed the flat line and 28 for the entry short. A bounce held the gap and resumed tanking, and it closed down nearly 1.5% today to win modestly for sellers.

Misses:

None.

Push:

NVAX

A big gap down rose out of the open, but longs had no play until late afternoon. Even that candle was followed by decaying ones to the flat line, which then closed under weakly over 1.5% today. A no play push.

BGCP

A no play push when this failed to trigger after opening on a gap up. It fell soon after opening but rebounded to green, before closing weakly and down nominally.

Totals:
Daily record: W-5-L-0-P-2
100%  

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