Trade review 7-18-11

I got a few picks right on Monday...

Hits:

VALV

A gap down fill near the lod that just kept going. Closed up over 31% today, going Supernovae.

SIFY

An easy boring win for longs as the 6 test succeeded. Opening above it and testing the flat line twice and holding, it closed strong and positive by over 3% today.

SCEI

This steadily climbed early for longs, holding 2 all day and although it peaked in less than 2 hours, the probable entry point was enough lower than the close that it was a win. Closed up by over 16.5% today.

Misses:

MDW

A fake out loss as this moved up early, making more yearly highs triggering a long. But it peaked within 2 hours and fell from there, even dipping a bit red before a a strong close ended it up almost 2% today.

Push:

HWAY

A gap down open at the hod just fell out of the gate, so keeping flat was suggested. It kept going down, staying under the flat line all session until it closed negative by over 3% today.

CEU

Just like the above stock, this one only differed in being a gap up and crap from the hod that fell out of the open. It fell under the flat line fast and moved sideways after early weakness, closing south by over 5.5% today and preventing longs from entering.

MVIS

Opening right at 1.25 and closing red, this looks like a win for shorts. But it was only barely profitable or a break even result since the probable entry was only 2 cents above the likely exit. After falling for 10 minutes, it just went sideways the rest of the way, closing down over 3% today. A push is likely after commissions.

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

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