Monday, August 09, 2010

Watchers for the 8-10-10 trading session

WWWW

Still looking to fade this upon weakness. Consolidation is getting annoying. If it looks good early at this point it can be played the other direction as well. Earnings were good and the distribution candle is on such light volume.

LQMT

Supernovae scan return faded on a news driven gap up and recovered intraday. Once the hype subsides the Pinkie is short bait on weakening cues. It may not be done yet, so tread carefully and only when you smell blood in the water, or box it, etc.

PPCO

Litigation settlement may make another run at 5 and after closing at 4.71 in after hours it is already up over 5% so put this on your radar tomorrow. One early possibility is some early sell-off at 5ish for a fade entry. Another is we take and hold 5 on volume with acceleration granting a long entry on bullish momentum. Another one of those live price action decides at game time situations that could easily go either way.

HLCS

Over extension 3 white soldiers sub dollar stock that may soon yield a fade entry upon weakening. Volume is not drying up yet, though, but the high wave stick action relative to the close indicates it could come soon.

DCMT

Red floater scan return may provide some additional down side on Tuesday. Finished unchanged on Monday, but began to weaken.

AAVG

Might not be quite done but a fade is right around the corner I suspect on this. A Pinkie up almost 125% Watch its live price action to determine if you can scalp long early or fade selling pressure panics.

BTN

Technical breakout on strong earnings. If this begins to take off early, go long at least on momentum for a day trade. If it pulls back to the breakout zone of 9 and holds that price, another long is possible as a swing.


The blog has a terms of service. Be sure to read it at:


http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html

No comments: