Thursday, September 21, 2017

Watchers for the 9-22-17 trading session

ITUS

Supernovae, still maturing. Up over 6% today. See my previous comments. Possible short.


HMNY

First red day Supernovae. Finished red under 5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 moderately likely given the average 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 low, range medium. Average to mixed short signals but watch it.



CAPR

Watch again. Gap down initial red session Supernovae fell only a bit more. Might have a bit more red but be careful, with early profits on a dump in the morning or an afternoon tumble. Fell a tad.



QURE

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 9.64) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9. Needs to keep above the Thursday close, or at least above 9 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 9.51 are ideal for aggressive entry.



CYCC

In play both ways. As a long on continuation of momentum above 2.26/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2/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 2.24. The fade is more likely given the price action on Thursday, but keep an open mind.



HCLP

B/O scan. I like it long back over 9.85 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. Moderate volume on the rise, a mediocre sign for new buys. Exiting below 9.50 on fails after trigger entry is possibly advisable. Early r/g buy?



SMCI

Bullish Engulfing. I like this long over 21.20/holds. Medium volume on the rise, which is a good 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 not too far away to use for stops. Ideally stays above 20.85 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.




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Trade review 9-21-17

I got some of them right on Thursday...

Hits:

VRX

Late morning trigger entry long ended up over 1% today to narrowly win.

FTFT

Early trigger fail short kept going ending down over 7.5% today.

Misses:

HMNY

Early downside rebounded to end down over 4.5% today but likely above entry prices.

CAPR

Early downside rebounded to end down almost 1.5% today but likely above entry prices.

RADA

Early upside reversed to end down over 1% today, below likely entry long.


Push:

ITUS

A big gap up discouraged shorts, but fell mostly steadily from open, ending up over 6% via the gapper.

WLL

A steady drop ended down almost 1% today.

Totals:
Daily record: W-2-L-3-P-2
40%

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Wednesday, September 20, 2017

Watchers for the 9-21-17 trading session

ITUS

Supernovae, still maturing. See my previous comments, still in effect. Slight rise. Possible short.


HMNY

Same as above. Rose under 8% on volume. Possible short.


CAPR

First red day Supernovae. Finished red under 10% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 pretty likely given the sizable red result of Wednesday. 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 low, range medium. Average to mixed short signals but watch it.



RADA

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 3.34) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3. Needs to keep above the Wednesday close, or at least above 3.20 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.24 are ideal for aggressive entry.



WLL

B/O scan. I like it long back over 5.29 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a suspect sign for new buys. Exiting below 5.10 on fails after trigger entry is possibly advisable. Early r/g buy?



VRX

Bullish Engulfing. I like this long over 14.18/holds. Low volume on the rise, which is a good 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 13.76 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



FTFT

In play both ways. As a long on continuation of momentum above 2.48/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.25/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 2.40. The fade is more likely given the price action on Wednesday, but keep an open mind.




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