Sunday, June 04, 2017

Blog break until mid August, 2017, leaving my desk for about 2 months...

I will be way far away from my desk until  Monday, August 14, 2017.

No picks for Monday, June 5, 2017. No picks for the rest of the week or June or July. I return in the middle of August with the usual selections.

Picks resume at my blog and Twitter feed on August 14,  2017.

Good luck everyone and I will see you in around 2 months or so from tonight!

Big T


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Trade review 6-2-17

I got some of them right on Friday...

Hits:

LINU

A steady drop ended down over 30.5% Friday.

SPI

A steady drop ended down over 19% Friday.

Misses:

GLYC

Early downside may have faked out a few shorts, reversing to end up over 1% Friday.

ADPTQ

Again, early downside reversed to end up a tad Friday to burn shorts.

Push:

ADAD

A steady move denied shorts options, ending up over 17% Friday.

BUDZ

A gap up advanced to end up almost 27% Friday.

XBIT

Early longs lost when this faded later and ended up almost 9.5% Friday but probably below entry.

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

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Thursday, June 01, 2017

Watchers for the 6-2-17 trading session

GLYC

One final time. A doji print advanced a bit. See my previous comments for a possible fade.


ADPTQ

Similar situation. See my previous comments. Advanced a tad, possible fade.

(No chart.)

LINU

First red day Supernovae. Finished red over 15% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the huge red result of Thursday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Sell volume was moderate, range larger. Substandard at best short signals yet watch it.



ADAD

Supernovae, still maturing. See my previous comments. Possible short on weakness.


SPI

See my previous comments. A huge gap up fell but now it's still near the high of the previous run-up. Possible fade on more weakness. A recent Supernovae. Up despite the drop because of the gapper.


BUDZ

New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume high Thursday. 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 Friday 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.



XBIT

In play both ways. As a long on continuation of momentum above 9.43/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 9/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 9.33. The fade is more likely given the price action on Thursday, but keep an open mind.



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