Friday, December 28, 2012

Trade review 12-28-12

I got a few plays right on Friday...

Hits:

CTIX

A clear gap down printed the hod on the noise candle and steadily fell, yielding a short. It fell until afternoon, when a small rise ended it down almost 28% on Friday.

STAG

A bare win for longs when a gap down moved sideways and went red to green late morning, for the entry. Also that applied on a flat line test/hold a few minutes later. It rose into the afternoon, but closed weakly on decay but still above the trigger and up over 0.50% on Friday.

Misses:

HOLI

A clear gap down doji printed though it moved up from the noise candle. After greening, it did not make new annuals but since it traded positively for a while, several longs could have been fake out here. It peaked early and steadily fell, eventually going green to red, ending down over 1.5% on Friday.

Push:

BION

A gap up up printed the lod on the noise candle, then advanced the 1st hour, moving sideways much of the remainder, closing up at least over 14% on Friday. Shorts had no play on this push.

DAR 

Another no play push which lacked a trigger. A gap down debut fell from the noise candle, discouraging longs. It recovered, but the flat line held as did the triggering level. It closed weakly, red by +1% on Friday.

HW

Yet another no play push lacking a trigger, this time for shorts. A 1 cent gap down rose from the noise candle, and kept rising, denying shorts a shot. It peaked within 30 minutes, and moved sideways the remainder, closing up over 2% on Friday.

NBY

A flat debut went nowhere and then fell after the noise candle, denying longs any play. It moved under the flat line until a tape paint print which also closed below the trigger arrived in the afternoon, so few if any longs would have been faked out. Closed red by over 1.5% on Friday.

Totals:
Daily record: W-2-L-1-P-4
50%    

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