Monday, December 10, 2018

No picks 4 Tuesday, 12-11-18 back with selections 4 Wednesday, 12-12-18.

No plays tonight for the Tuesday 12-11-18 trading session. Picks up tomorrow night for the 12-12-18 market day. (Wednesday). Good luck all!

Big T

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Trade review 12-10-18

I got one of them right on Monday...

Hits:

UXIN

A move up early ended north by over 14.5% today.

Misses:

DOMO

Early entry long ended up over 4% today but likely under the probable entry price.

WIN

A mid day trigger long reversed to end down over 2% today.

Push:

OZM

Sideways and up moves ended down almost 6.5% today.

MNTA

A steady drop ended down almost 14.5% today.

OSIR

Up and down moves ended down almost 0.50% today.

CPRX

Up and down moves ended down over 1.5% today.

Totals:
Daily record: W-1-L-2-P-4
33%


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Sunday, December 09, 2018

Watchers for the 12-10-18 trading session

OZM

Long over 1.59/holds short back under 1.50/holds.

DOMO

Long over 20.49. No shorts. Likely another up day, especially if the SM rebounds briefly from the Friday disaster trading session.

UXIN

In play both ways. As a long on continuation of momentum above 5/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.50 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 4.68 The fade is more likely given the price action on Friday, but keep an open mind. 

MNTA

B/O scan. I like it long back over 14.60 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a poor sign for new buys. Exiting below 13.50 on fails after trigger entry is possibly advisable. Early r/g buy?

OSIR

New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 13.79) and holds. Avoid shorts, keep flat on true weakness. Nice move above 13. Needs to keep above the Friday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 13.54 are ideal for aggressive entry.

CPRX

Bullish Engulfing. I like this long over 2.41/holds. Moderate volume on the rise, which is a tepid sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 2.30 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.

WIN

Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 2.92/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 2.91 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate buy volume, which could mean overt buy interest is now developing, suggesting reversal upwards may be on tap.

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