Thursday, 5 August 2010

Trades 05/Aug/2010

ARO (gap down fade)

After gap down, stock showed strength as it trended up relative to the market. Entry was on breakout of horizontal resistance. Closed partial at +1R then rest came nback to breakeven.

TDC (move thru prev day low)

Weak relative to market and shorted on break of horizontal support. Closed half at +1R then rest came back to breakeven.

UL (gap down)

Weak relative to the market. Shorted on break to new low. Didn't really follow thru as I liked so closed at breakeven as it came back with market.

I did have order in for MON long, but didn't get filled. Other than that, nothing to report.

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