Here is the picks and results on the day: Six potential breakouts screened out: ACV (no alert, didn't go 20 cents above ?Fridays high), CXR ( no alert), DF (alerted but never broke out), DVA (no alert), SYK (no alert) and ZMH (alerted but little gain on the day). AVT (alerted and closed near the low), BRCM (alerted and closed near the low), MRCY (alerted by one cent and closed above the alert price), NVLS (alerted and closed near the low), PHA (alerted and closed with a loss of 20 cents or so), SPC (no alert), TRMS (alerted and closed near the low (easy over 2 point profit) and WAG (no alert) are breakdown shorts. There was one Category 3 short, MGM, it looks like it is rolling over and closed with a small gain for the shorts. For the short term longs, CSTR stopped out by 1 cent, ISSX stopped, LIZ stopped, the other three are still hanging on.
So remembering that market risk is negative, For the breakout longs,ZMH and AVT would have given small losses. For breakdown shorts AVT, BRCM, NVLS, TRMS would have been nice gains on the shorts, PHC would have given a small loss on the short as a day trade. For the Category 3 short, one would still be in the position and have a small profit. For the Category 3 longs 3 positions would have stopped and 3 still hanging on.
Sam
savvy-trader.com |
