Tuesday, January 15, 2013

Trade review 1-15-13

I got some picks right today...

Hits:

SGMO

Longs won when a gap down moved sideways and later triggered and greened. It stayed positive the remainder, closing up almost 7% today.

ALDW

Another win for longs when a gap up fell initially a bit, then greened and triggered for the buy entry. It kept moving gently up the remainder, closing up over 4% today.

ZUMZ

Yet another winning long as a gap down fell a bit and moved sideways early, then rose, greened and triggered. It kept rising the remainder, en route to a green finish of over 3.5% % today.

RIMM

A win for shorts on the 15 fail when a gap down printed the hod over 15 on the noise candle, and slowly decayed from the there in the morning. A bounce near lunch only got back to the likely entrance point, and it moved sideways and down a bit into the close, red by over 3% today.

Misses:

TXCC

It's possible some shorts could have been faked out when a gap up rose initially, but fell to the flat line and a bit under late morning. It fast recovered over the gap line, though, and stayed positive, finishing up 1% today.

Push:

CDNS

A no play push lacking a trigger for longs when a gap down steadily decayed from from the open, save a bounce that did not penetrate the gap line. It closed especially weak and down almost 1% today.

ACTV

A clear gap down fell from near the hod, denying longs any entry. It bottomed in an hour, and slowly rose. But it never greened or triggered, closing south by over 4% today.

Totals:
Daily record: W-4-L-1-P-2
80%    

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