Tuesday, July 05, 2011

Trade review 7-5-11

I got some of these things correct today...

Hits:

SEE

This tested the flat line early and failed there, near 24. After gapping under the previous close, it kept diving. This provided a clear shorting signal. It closed off of the lows after bottoming late morning, but still negative by over 1% today.

MOBI

A narrow, boring win as this began to rise from the gun. A gap up from near the lod consistently printed above the opening price level, and closed off of the highs, but up by nearly 5% today. Up more A/H a tad.

Misses:

TBSI

It's possible some banked on this one, since a gap up filled. But it finished unchanged after early weakness via a strong close. Despite the early green to red move, any entry on the switch narrowly lost money by closing.

Push:

TEX

Arguable as a win, this never really challenged 30 to fail fade into. Opening on a gap down at the hod, it began to fall at once. It closed down almost 1% today but was a no play according to my conditions.

TBOW

This also failed to trigger long, and a short was not tenable due to the big gap down. It did not fill, and it gradually decayed, but with no test of 3 a flat stance was advisable. Red close by over 12% today.

ETAK

A flat open at the hod never gave longs a chance when it fell from the start. It soon bottomed, and rose gently the rest of the way, closing down over 4.5% today. No shorts were applicable, so this is another push.

NRTLQ

It's possible that some banked here, since it closed lower than it opened. Closed positive anyway, due to a gap up. Since it never reddened, despite that level not being really far away, a convincing entry eluded shorts. Closed positive by over 5.5% today.

Totals:
Daily record: W-2 L-1-P-4

66%

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