Long $VIPS Day 23 Analysis

Today was a good call from yesterday’s game plan. Just as predicted, it fell through the bottom of the channel and went to a low of $11.04, pretty close to $11.00. It made a nice come back to close relatively strong at $11.44. However, I did use that closing strength to sell about 40% of my position.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.90$11.445%$12.80$12.5084%
I sold 40% of my position this week which changes my cost.

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Long $BSMX Day 19 Analysis

Today was a good call from yesterday’s game plan. I was pretty much right on the money. It had a gap down opening, which recovered pretty quick and the volume was around the same as yesterday. The only thing was it didn’t close green. It traded green for a while after the recovery, but ended up closing even.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.18$10.392%$15.00$10.7011%
This week looked like a manipulated MM low volume test. Hopefully it is preparing to move out of this area and start trending higher.

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