Long $VIPS Day 18 Analysis

Today was a good call from yesterday’s game plan. I was hoping it would be a bigger move up, but we did end the week with a nice hammer. The sign of strength I was looking for.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.60$11.8312%$12.80$12.5086%
I think my target was too aggressive and I missed a long legged doji sign of the trend reversing. As a result I held the trade thinking I would get my target this week and instead, per the doji, the trend reversed and I got stuck in the pullback. However, the pullback was low weekly volume so I don't think it was very significant. Maybe just a low volume test of supply.

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Long $BSMX Day 14 Analysis

Today was a good call from yesterday’s game plan. Again, I said any move today would be slight, and -$0.2 is pretty slight. I have a feeling this might become a broken record.

Weekly Scorecard
CostCloseChangeTargetHighTarget%
$10.18$10.473%$15.00$10.7011%
It seems to be in phase E mark up now as it has retested the upper trading range line and moved up off it. We are in a bit of equilibrium now and need something to get it moving, but slow and up is fine with me.

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