Monday, April 23, 2018

No picks for 4-24-18 resumes for 4/25/18

Trade review 4-23-18

I got some of them right on Monday...

Hits:

SLDB

Early upside won long up over 2.5% today.

AKCA

Early upside ended up almost 6% today.

Misses:

SSW

An early drop reversed to end up a tad Monday.

VLRX

Early upside reversed to end down over 18% today.

Push:

OFG

A steady drop ended down almost 2% today.

TRQ

Early  downside denied longs, ending red by over 2.5% today.

SOGO

Early downside ended down over 1% today.

Totals:
Daily record: W-2-L-2-P-3
50%


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Sunday, April 22, 2018

Watchers for the 4-23-18 trading session

OFG

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 13.15) and holds. Avoid shorts, keep flat on true weakness. Nice move above 13. Needs to keep above the Friday close, or at least above 12.05 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 13.15 are ideal for aggressive entry.


SLDB

B/O scan. I like it long back over 12.65 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. Modest volume on the rise, a good sign for new buys. Exiting below 12 on fails after trigger entry is possibly advisable. Early r/g buy?


AKCA

Parabolic Sar scan. I like it long over 26.90 and holds. Medium volume on the rise Friday, a tepid sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.


TRQ

Bullish Engulfing. I like this long over 3.17/holds. Modest volume on the rise, which is a fair 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 a bit too far away to use for stops. Ideally stays above 3 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


SOGO

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 8.47/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 8.47 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which could mean overt buy interest is still arriving, suggesting reversal upwards has yet to unfold.


SSW

In play both ways. As a long on continuation of momentum above 7.82/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 7.75/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 7.76 The fade is more likely given the price action on Friday, but keep an open mind.


VLRX

I like this long over 3.45 with strong volume. It needs to hold over 3 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 3 if tested. Avoid all big gaps, as usual. 



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