Friday, December 14, 2012

Trade review 12-14-12

I got a few plays right on Friday...

Hits:

AVTC

About 55 minutes in this began to trade under the open, yielding a fade entry. It opened on a gap up and rose initially prior. A rebound held earlier highs, then it closed weakly in the afternoon, red by over 1.5% on Friday.

CLWR

A nice red to green move to buy off a gap down debut arose. It greened in the afternoon after hugging the flat line for hours, then closed up over 6% on Friday.

RSH
A win for longs when a gap down not far from the lod reddened on the noise candle, then advanced and hugged the flat line for a while, before solidly triggering in the afternoon. It advanced steadily into the close, up over over 7% on Friday.

Misses:

JKS

A loss possible on commissions when this gap down bolted up just after the noise candle, then fell back to the flat line and yielded a short on 2 moves under the open and flat line by lunch, though those moves did not close under that level. They did late, and it closed south by at least nearly 2% today, but that's deceptive.

GNW

A fake out loss for shorts when a flat debut advanced early and then fell under the gap line and trigger for the fade entry. It soon rose back to and held around the flat line much of the way, closing near even on Friday.

Push:

HDLM

A flat open advanced from the lod nominally, so shorts had no play. It ended up over 1% on Friday.

NAT

A push when a gap up fell on the noise candle, then rose on several following candles, but peaked just short of the trigger. It fell back to the flat line, hugging it all session until it advanced into the close, up over 1% on Friday.

Off record potential short ONCY was interesting. It would have faked out shorts since it fell under 3 an hour in and then rose back to and over the flat line. It stayed just above it, en route to a +2% close on Friday.

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

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