Tuesday, June 23, 2015

Recap of 6/23

Todays watchlist was very good. I meant to put neutral only for XNET because it was up so much already and a triangle. Actually batted 1000. No surprises. AOI was up 5.6%, SEED up 5%, GALE up 6.6%, XNET up 3.6%, WYY at its high up about 1%, POZN the short down 3.3%. I always like to catch the bull flags very early. The first 4 were early bull flags. If you wait instead for the breakout from the flag the breakout is way trickier to trade because breakouts fail and your risk is greater. It's just harder to find a good stop loss area. All of those above had very low selling volume on the down flag days.

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