Thursday, June 13, 2013

Trade review 6-13-13

I got 1 play right on Thursday...

Hits:

CERE

A winning momentum long when a gap up moved sideways and down initially, before moving over 4 for entry. The short trigger never occurred. Peaking near lunch, fading the remainder, ending up over 9% today.

Misses:

FORM

A fake out loss for prospective shorts when a gap down fell from the noise candle and beyond for entry. But it bottomed in 15 minutes and rose a bit then moved sideways, closing strongly and red by a little over 0.50% today. This was likely above the entry point.

Push:

LYV

A no play push for longs when a gap down from near the hod fell from the noise candle. Bottoming in 15 minutes, it moved sideways the remainder, closing red by over 3.5% today.

VNET

Another likely no play push  for potential shorts when a gap down a cent above the lod rose on the noise candle, then moved sideways along the flat line, before advancing the remainder, closing up over 3% today.

LIOX

A no play push for potential long when a gap down climbed to the flat line and hugged it, not really going much over it. We never went over 3.09 itself. Finished up less than 0.50% today.

MMT

Again a no play push, when a gap down near the lod rose after a weak noise candle, but did not quite trigger. It hugged the flat line the remainder, closing up less than 0.50% today.

EXAS 

Push likely for potential shorts, when a clear gap down moved sideways, with the initial low holding before it advanced over the open and flat line. Closed unchanged. No play other than flat.

Totals:
Daily record: W-1-L-1-P-5
66%

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