Tuesday, January 01, 2013

Trade review 12-31-12

I got some of them correct on Monday...

Hits:

BION

A big win for shorts when a flat open fell from the hod in a morning panic dump from the noise candle. It bottomed by lunch, then moved up somewhat, closing down over 23% on Monday.

SITO

A win for longs when this gap up advanced from the lod via the noise candle, peaking in a little over an hour, then falling a bit and moving sideways the remainder, closing up over 6.5% on Monday.

ONVO

A gap up not far from the hod fell from the noise candle, yielding a short. It kept declining, falling under the flat line and not returning positive on retraces, closing down over 2% today.

Misses:

ARCO

A loss for longs by fake out when this gap down rose from the noise candle and beyond to trigger early. It soon reversed and fell under the flat line. It fell a lot more, though zoomed back to the flat line in the afternoon, closing up a tad. Entries would have lost though.

WNC

Given the price action, considering commissions, this likely lost assuming most entry points upon triggering. A gap down fell hard on the noise candle, printing the lod. It held the flat line on retraces until closing a bit positive late, before ending on a weak note south by over 1.5% on Monday.

Push:

NEPT

A no play push lacking a trigger. Opening on a gap down at the hod, it fell initially, then moved sideways much of the remainder, never greening. It closed south by nearly 4% on Monday.

TLAB

A gap up from the hod printed it and fell from the noise candle, denying longs an entry, since it opened right on 2.38. Soon falling under the flat line, it held challenged and closed south by over 2.5% on Monday. No play push for potential buyers.

Totals:
Daily record: W-3-L-2-P-2
60%     

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