Tuesday, January 08, 2013

Trade review 1-8-13

I got some of these things right on this day...

Hits:

NUSMF 

A big win for shorts when a clear gap down fell from the noise candle and beyond. It bounced to the initial highs but fell steadily again the remainder, closing red by almost 33% today.

GTN

A win for longs when a gap up moved sideways near the flat line early on, then rose over to trigger. It peaked near lunch and moved sideways and down the remainder, but ended up almost 6% today.

ARCO

A win for shorts off a gap up that rose on the noise candle, but reddened on the next one, triggering. After breaching the flat line, a return bounce held and it resumed tanking, eventually bouncing less and moving sideways, en route to a south end of almost 1% today which was enough under the trigger for a modest take.

END

A gap up open fell on the noise candle, then advanced to trigger on the next one. It peaked around 30 minutes in, then fell back to move sideways. A flat line challenge held, and it rebounded to close strongly, up over 2% today. A modest win for buyers likely.

Misses:

CYCCP

Possible short fake out loss here off a gap up that fell after the noise candle and rebounded, closing up 0.50% after time under the flat line. 

CSIQ

A fake out loss for shorts likely when a gap up debut fell early on after the noise candle to trigger, then rose back to the flat line and beyond later on. Closed up over 1% today.

Push:

RJET

A gap up fell on the noise candle, then rose steadily, so rules adhering shorts were not likely faked out here.  After hitting the flat line, it kept going thereafter, ending up over 5% today. A no play push.

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

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