Had a solid day today. And for any of you who were following HNZ today, boy did you ever get a bounce! After I posted my picks this morning, it ended up going down even farther to be the epitome of the kind of play my new system looks for. I got in within $.25 of my stop and rode it all the way up to yesterday’s close. Single play made my day, the rest was just gravy.

The DT calls did well w/ 2/3 being profitable. I’m trying to shy away from them more as I establish more concrete criteria but occaisionally I will be throwing them in the mix.

I’ve been unable to do my typical post-market routine this evening due to some things here at home I had to take care of so my picks may be limited tomorrow. I’ll do my best to get in as much analysis as possible in the morning do see what I can dig up.

Hmmm, i just caught site of a typo from this morning’s picks. IVAC should have had a target of 21.36 not 23.36…I hope you were able to catch that in time as it was the 2nd most profitable play I made today. Sorry about that, I’ll try to be more careful going forward but how much do you expect from a free website :)

Hmmm.. Despite the positive results, I would not really consider my day very succesful today. Only 2/8 picks that triggered made money and were it not for VPHM, the day would have been a total loss. I was able to score a quick R-Unit this morning via a QQQQ scalp so overall my day was respectable but I did make some mistakes today:

NVTL was not that bad of a play, it just failed to make it to my target. I really thought that 8.74 was conservative given a 8.53 breakout…I was wrong and perhaps pushing my luck given that weekly support at the 8.50 level had been broken pretty solidly. I may or may not have made this play again.

HRB was the worst call of the day as the fade attempt at the $23 weekly support area had been severely weakened by multiple re-testings over the past 2 years. I should have passe here and paid the full price for my mistake.

FCL was also a play that I don’t think I would normally take. While yes there was a price-void above the 41.40 area this is by no means the clean breakaway setup that I usually look for. Yesterday’s inside bar was not the best continuation setup since A.) it was on lower volume than Big Red before it and B.) This kind of continuation setup is best played after a 1-2 quick Big Green bars followed by a small red that doesn’t retrace too far. So many of my criterea were violated here that means that I’m becoming too loose. I will really try to tighten up on my entry criteria going forward this week as this is my 2nd day in a row of only 25% accuracy.

What a rough day! I wish I had just sat this one out to be honest. Finally had my first bad day with this new system. Today lost me 2.20 R-Units. Things were all over the board for the entire day. I started down with the quick loss via NTES, then everything else was just a hodge-podge with half of the remaining positions up, half down with winners slightly edging out the losers keeping my net hovering just around break-even for most of teh day. In early afternoon, I was up just about 1 unit, but then heading into close everything reversed on me leaving me wishing I had closed everything out.

But still, hard to complain given that this was one of my best weeks ever overall.