I got a few picks right on Monday...
Hits:
ALC
An easy win for longs when a gap down filled and later greened. After triggering, it steadily climbed, en route an up finish of nearly 4% today.
SVU
A win for shorts likely on the 3 fail after lunch. A gap down debut lost most of the biggest possible gains, but the afternoon fade was enough. Moved sideways into the finish, south by almost 9% today.
Misses:
EKNL
An early fake out for longs from a flat open likely here. It began to fall back under the flat line about 1.5 hours in. Steady decay ensued until the finish, which was down over 14% today.
AMED
A fake out loss when this gap down fell early on. Greening shortly after, it hit 11.82 for 1 candle on the close, but immediately fell on the next one. Then it triggered solidly, but fell red near lunch. A recovery followed, and a possible exit with a small gain occurred near the end, but it closed on 1.82
HLSS
A fake outr loss likely for shorts when a gap down moved sideways initially, then fell under the open in the morning. Bottoming in an hour, it recovered all the way to the flat line and a bit more, before a weak close ended it red by a bit over 0.5% today. This was above the entry point.
Push:
TFER
Entry unlikely or a small gain here, assuming commission and the probable entry point. A gap up advanced early, peaking in 30 minutes and began to fall, eventually falling under the open, but essentially holding flat line challenges. It finished up over 5% today. Most probably avoided entry outright.
MU
A no play push likely for potential longs when a gap down fell early, then moved sideways and roared back positive just after lunch. It broke over 5.47 but that candle closed under. Then it fell back to and under the flat line, meandering there until it ended red by over 0.5% today.
Totals:
Daily record: W-2-L-3-P-2
40%
New users: Read my trading guide for my play set-ups!
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Hits:
ALC
An easy win for longs when a gap down filled and later greened. After triggering, it steadily climbed, en route an up finish of nearly 4% today.
SVU
A win for shorts likely on the 3 fail after lunch. A gap down debut lost most of the biggest possible gains, but the afternoon fade was enough. Moved sideways into the finish, south by almost 9% today.
Misses:
EKNL
An early fake out for longs from a flat open likely here. It began to fall back under the flat line about 1.5 hours in. Steady decay ensued until the finish, which was down over 14% today.
AMED
A fake out loss when this gap down fell early on. Greening shortly after, it hit 11.82 for 1 candle on the close, but immediately fell on the next one. Then it triggered solidly, but fell red near lunch. A recovery followed, and a possible exit with a small gain occurred near the end, but it closed on 1.82
HLSS
A fake outr loss likely for shorts when a gap down moved sideways initially, then fell under the open in the morning. Bottoming in an hour, it recovered all the way to the flat line and a bit more, before a weak close ended it red by a bit over 0.5% today. This was above the entry point.
Push:
TFER
Entry unlikely or a small gain here, assuming commission and the probable entry point. A gap up advanced early, peaking in 30 minutes and began to fall, eventually falling under the open, but essentially holding flat line challenges. It finished up over 5% today. Most probably avoided entry outright.
MU
A no play push likely for potential longs when a gap down fell early, then moved sideways and roared back positive just after lunch. It broke over 5.47 but that candle closed under. Then it fell back to and under the flat line, meandering there until it ended red by over 0.5% today.
Totals:
Daily record: W-2-L-3-P-2
40%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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