Wednesday, January 29, 2014

Trade review 1-29-14

I got some of these things correct on Wednesday...

Hits:

AYSI

This flat debut fell under the open late morning for entry short, then kept going, ending south by almost 11.5% today.

MJNA

A gap up rose initially, fell steadily shortly after, going under the open and flat line for entry short. It moved sideways from lunch on, closing down over 14.5% today.

PLPL

A win short possible when this gap up fell from near the hod, yielding an early entry after the noise candle. It bottomed soon and moved sideways, en route to a negative finish of over 9.5% today.

Misses:

STLD

A gap down moved up to trigger long late morning, peaked soon after, moving sideways and down in the afternoon, closing down 1.5% today to fake out some buyers.

Push:

SIMO

A gap down under the flat line never filled, and this moved sideways under there ending down 2% today.

RAD

A no play push lacking a trigger when this gap down moved sideways and then down steadily, en route to a down finish of nearly 3.5% today.

RCON

A no play push due to a big gap down. True, it recovered and failed at 5 but this was later in the morning near lunch. A steady decay ensued and it ended south by over 11.5% today.

Totals:
Daily record: W-3-L-1-P-3
75% 

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