Monday, December 03, 2012

Trade review 12-3-12

I got some of these things right today...

Hits:

CADX

Shorts won when a gap up fell from the hod and reddened on the noise candle, then rose at once and back over. The entry came 30 minutes in after a green to red move. Ended south by over 2% today.

MXIM

A nice win for shorts when a gap up printed the hod on the noise candle and fell under the flat line at once and kept going. It bottomed out after lunch and moved sideways and up, closing red by almost 2% today.

Misses:

CUAU

Fake out loss for shorts likely off this doji print when a flat debut fell early under the gap line, then rose about 30 minutes in to green most of the way. It closed weakly, ending almost unchanged, but this was a loser.

Push:

ARRY

A gap up not far from the hod which printed on the noise candle and never triggered long, going red pronto. Bounce attempts 30 minutes in failed to green, and it ended down at least close to 3.5% today. No play.

GAME

Another no play push lacking a trigger, when this printed the high early and then gradually decayed and moved sideways, en route to a red finish of over 1.5% today.

GNK

Another no play push lacking a trigger. A daily doji print resulted from a gap up that filled but essentially held the flat line. It greened near lunch, then closed weakly to end up at least over 0.5% today.

GNMK

Potential longs avoided fake outs here when this opened near the hod on a clear gap up that fell at once. After falling to the flat line, it advanced just a bit but held initial highs, closing up just a tad. No play push.

Off record play PPHM went nowhere, opening near the hod and falling on successive candle to red, then it bounced back to and hanged around the flat line the remainder, south by 2% today. No play here long.  

Totals:
Daily record: W-2-L-1-P-4
66%     

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