Wednesday, December 05, 2012

Trade review 12-5-12

I got one of them right on this largely no play type entry day...

Hits:

TIVO

A perfect short as a gap up at the hod fell on the noise candle, then rose to the flat line, hanging around it until near lunch, when it began to decay from it steadily by afternoon. It closed south by over 2% today.

Misses:

None.

Push:

CUAU

A gap down near the lod fell on the noise candle, the next one did not move, then it shot up, so most shorts were not faked out. It gently advanced above the flat line the remainder, closing up at least near 9.5% today.

ALDA

No real play or range when a gap up moved straight along the flat line, closing up over 1% today for a push.

CECO

Another no play push lacking a long trigger this time. A flat debut fell on the noise candle, then rose to the flat line, but could not defeat it. It headed down, reversed near lunch, ending down around 1% today.

TASR

Longs avoided a fake out here when a gap up near the hod printed that on the noise candle, then it fell and fast rose back to the flat line, but held on that and began declining again, not making new highs or triggering. It bounced 2.5 hours in but stayed under the gap line, en route to a red end of nearly 2% today.

AMD

Another no play push but for shorts when this gap up failed to trigger. It moved sideways and over the flat line early, then moved just over it the remainder, up at least near 1% today.

NOG

Short fake outs avoided when a gap up printed the lod on the noise candle, steadily climbing from it early on. A retrace held the lod and it rose again into lunch and early afternoon a decline followed to the close, which was positive by almost 2% today.

Totals:
Daily record: W-1-L-0-P-6
100%    

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