Tuesday, October 16, 2018

Watchers for the 10-17-18 trading session

BLNK

Long over 3.80/holds.

ALT

B/O scan. I like it long back over 4.95 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Fair volume on the rise, a tepid sign for new buys. Exiting below 4.50 on fails after trigger entry is possibly advisable. Early r/g buy?

REGI

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 30.04) and holds. Avoid shorts, keep flat on true weakness. Nice move above 29. Needs to keep above the Tuesday close, or at least above 29 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 29.87 are ideal for aggressive entry.

GERN

Bullish Engulfing. I like this long over 1.88/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 1.80 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.

LTS

Parabolic Sar scan. I like it long over 2.92 and holds. Modest volume on the rise Tuesday, a fair sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.

HTBK

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 14.78/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 14.75 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which could mean overt buy interest is still arriving, suggesting reversal upwards is likely delayed.

MGEN

Short back under 5.20/holds.

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Trade review 10-16-18

I got one of them right on Tuesday...

Hits:

TZA

A perfect short on trigger, declining steadily to end down over 8% today.

Misses:

None.

Push:

TMQ

A move down ended down over 5% today.

GLBS

A gap down decayed to end down over 20% today without entry long by trigger.

NWSA

This probably pushed with commissions, ending up over 1% today.

TTOO

A steady drop ended down over 4.5% today.

CRON

A steady drop from a gap up did not work for a long, ending down almost 2% today.

DARE

Similar case, high on opening stick, down moves ending south by over 1% today no long feasible.

Totals:
Daily record: W-1-L-0-P-6
100%

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Monday, October 15, 2018

Watchers for the 10-16-18 trading session

TMQ

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 2.34) and holds. Avoid shorts, keep flat on true weakness. Nice move above 2.20. Needs to keep above the Monday close, or at least above 2.20 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 2.33 are ideal for aggressive entry.

GLBS

Long over 6.69/holds short under 6.50/holds.

NWSA

Bullish Engulfing. I like this long over 13.09/holds. Moderate volume on the rise, which is a suspect 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 12.74 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.

TTOO

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 5.30/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 5.28 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which could mean overt buy interest is just developing, suggesting reversal upwards may be delayed.

CRON

Parabolic Sar scan. I like it long over 11.75 and holds. Moderate volume on the rise Monday, a tepid sign for new longs. Place a stop under the close Monday or the 1st 30 minute low Tuesday. 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.

DARE

Long over 1.15/holds.

TZA

Short back under 10.66/holds.


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