Sunday, March 26, 2017

Watchers for the 3-27-17 trading session

MAAFF

New Supernovae scan return. A 1 day move up which closed at the highs and above the open. Volume huge Friday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Monday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, no scalps.



HTGM

Another new Supernovae. See my comments above for rough approaches. 3 day rise on volume.



BCOR

Red floater scan return. Idea is to play for more down side on day 2. Closed down on Friday off a flat open that ended below the debut. Stop just above the Friday session high (18) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Decent volume on Friday means it may have suspect chances to work. A 17.50 fail may be ideal. Avoid big gaps/longs. Panic dump?



WPRT

B/O scan. I like it long back over 1.05 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 1 on fails after trigger entry is possibly advisable. Early r/g buy?




FTR

Bullish Engulfing. I like this long over 2.11/holds. Moderate volume on the rise, which is a mediocre 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 arguably not too far away to use for stops. Ideally stays above 2 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



COGT

In play both ways. As a long on continuation of momentum above 4.40/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.25/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 4.30. The fade is more likely given the price action on Friday, but keep an open mind.



MVT

Parabolic Sar scan. I like it long over 15.31 and holds. Modest volume on the rise Friday, a good 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.



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Trade review 3-24-17

I got none of them right on Friday...

Hits:

None.

Misses:

CWST

Early upside reversed to end down almost 1% Friday.

GLUU

This triggered early long then faded to end near entry up almost 0.50% Friday, but near entry to lose on commissions.

VSR

Early entry short lost on rebounding up to end down over 2.5% Friday but above likely entry.

ACIW

Looks like a win but early entry long ended up over 0.50% but likely below entry.

PACB

An early trigger long soon peaked then faded to end up over 1% but under entry.

Push:

GSAT

A move up ended up over 1% Friday to deny short options.

FNCX

A steady drop ended down almost 19% Friday to deny long options.

Totals:
Daily record: W-0-L-5-P-2
0%

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Thursday, March 23, 2017

Watchers for the 3-24-17 trading session

CWST

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 13.91) and holds. Avoid shorts, keep flat on true weakness. Nice move above 13.50. Needs to keep above the Thursday close, or at least above 13.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 13.88 are ideal for aggressive entry.



GSAT

Red floater scan return. Idea is to play for more down side on day 2. Closed unchanged on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (1.66) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Low volume on Thursday means it may have good chances to work. A 1.60 fail may be ideal. Avoid big gaps/longs. Panic dump?



FNCX

B/O scan. I like it long back over 0.68 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a tepid sign for new buys. Exiting below 0.60 on fails after trigger entry is possibly advisable. Early r/g buy?



GLUU

Bullish Engulfing. I like this long over 2.13/holds. Moderate volume on the rise, which is a mediocre 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 2.05 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



VSR

In play both ways. As a long on continuation of momentum above 2.14/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.95/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 2. The fade is more likely given the price action on Thursday, but keep an open mind.



ACIW

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 21.76/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 21.73 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is still arriving, suggesting reversal upwards is not yet on tap.



PACB

Parabolic Sar scan. I like it long over 5.13 and holds. Small volume on the rise Thursday, a good sign for new longs. Place a stop under the close Thursday or the 1st 30 minute low Friday. 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.



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