Tuesday, October 09, 2012

Trade review 10-9-12

I got no picks right on Tuesday...

Hits:

None.

Misses:

EKNL

A loss likely for shorts when a gap up fell on the noise candle. It rebounded strongly just after, but fell back under the flat line again mid morning for the entry. It recovered into the finish, down like 3.5% but a loss given where the sellers probably entered.

ALXA

A fake out fade loss likely when a gap up advanced just after the noise candle, then fell back to and under the open and flat line for the short. A gradual recovery ensued into the close, up by almost 1.5% today.

CECO

Another cruel fake out for longs when a flat debut fell initially, then sported a red to green move with a trigger an hour in. Right after it fell back to the flat line, and mulled around it the remainder until it ended nearly unchanged. The entry point would have been above that level.

Push:

VRNG

A no play push likely when a gap up fell from the open. It soon crossed red and fell a lot more. A rally in the afternoon nominally greened briefly, then fell hard into the close, south by over 16% today. Longs unfeasible.

NUVA

A no play push for longs when this gap down failed to trigger. The hod printed on the noise candle and it fell underneath the flat line early and often. It bounced and greened near lunch, but initial highs held. A decay back under the gap line followed and it ended down over 0.5% today.

BLOX

No play obvious for buyers when a gap down rose early on the noise candle, but fell on the next. The following one could not exceed the previous one's high, and the next one fell sharply to and under the flat line.It bounced up and down under it the remainder, closing down about 0.5% today.

BIOF

No play on the big gap up, since shorts were out. A zooming noise candle and some follow up ones led to an early peak. It then gradually decayed the remainder, but closed up about 3.5% today. A push.
 
Totals:
Daily record: W-0-L-3-P-4
0%    
 
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