Wednesday, February 26, 2014

Trade review 2-26-14

I got all picks with viable entries right on Wednesday...

Hits:

COHU

A trigger long early advanced until late morning, whereupon it moved sideways until closing up almost 2.5% today.

SYCRF

A gap down rose from the noise candle and after for entry trigger long. It soon peaked, returning to the flat line. But it rebounded and kept going, ending up almost 15% today.

REN

A trigger on candle 3 short off a gap down bottomed early and then rose  a bit, moving sideways and ending red by over 2% today for the win.

Misses:

None.

Push:

NVLX

A gap up from the lod advanced from the noise candle, denying shorts a chance. A retrace held the initial low and it soared, moving sideways after lunch, ending up over 19% today.

MDFI

A gap down moved sideways and up, en route to an unchanged finish today. No play short.

HERB

A gap up advanced from the noise candle and after, denying shorts a play. It peaked in 35 minutes, then slowly fell, eventually decaying seriously but late in the day. Rising late, it ended up almost 25% today.

DNN

Looks like a small winner on paper, but a large gap up discouraged long entries. It peaked in the morning, moving sideways and gradually declining, ending up over 7% due to the gapper.

Totals:
Daily record: W-3-L-0-P-4
100% 

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