Thursday, January 27, 2011

Watchers for the 1-28-11 trading session


New Supernovae scan return. Volume stronger than ever, so it might not be over. Box and drop or wait for decay. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid longs and big gaps, especially downward ones. Fade on morning panic or conventional confirmed weakness cues. News blurbs out on this might help make this finish green on Friday and pop south next week, but be ready and waiting to short weakness when it does.


Red floater scan return. Idea is to play for more down side if it surfaces. Look for the usual morning panic to fade into as a scalp, or any of our typical confirmed weakness cues. Avoid big gaps, especially down ones. Easiest will be a flat or nominally up or down open, followed by a clear move down to go red or trade consistently under the opening price signal. No longs. Keep flat on sustained greening. Clearly a conditional entry. Needs more volume and less candle range.


Momentum play. New 52's and might go higher still short term. Avoid shorts, keeping flat on consistently weak price action. Nice volume. 15 test again possible on Friday. Long scalp on spiking up from the gun and a longer hold long on taking 15 and holding with volume and acceleration. Possible red to green long entry if it happens early. Safer is waiting for the test success or scaling in after confirmation. Avoid all big gaps as usual.


Things were going great for longs when all the glittery praise with price jumps were the story, but now with a questionable financing deal, they are looking like road kill. Dropped over 26.5% today, and more could follow Friday or over the next week or so. A short on confirmed weakness cues and morning panic. The latter is at least a scalp the former a day trade. Avoid any longs at this point, unless bag holding is your style.


Being pumped and gaining speed, this is a cautious long if it looks strong early and you intend to keep a hand on the sell button with close constant monitoring all day when in a position. Not likely dead on Friday, but possibly sometime next week this will be dumped hard for a great short. The headwinds are up short term.


3 straight hod closes. Active promotion, but maturing rapidly. Flashed a warning Wednesday with a dip that was supported. Probably has a bit more left on the upside but I am flat on any greening price action. This is going to dive hard when it is dumped. A short on confirmed weakness cues and morning panic. The latter is at least a scalp the former a day trade. Most of this game, particularly with pumps, is stalking and waiting to pounce. Boxing a promoted short is often needed to ensure shares are available when you really need them.


The conference call went over well, analyst estimates were swept aside and so was logic as they piled into this on heavy volume. Closing well off of the highs, the morning rise might see an encore on a smaller scale. Dip buyers could arrive tomorrow early, which might be long scalped if it spikes up again out of the gate. An early red to green and holds or a gap up with more steady buying is also a long, but I prefer the momentum scalp. Avoid shorts on any sustained weak price action. Too much risk of a squeeze given the earnings surprise.

Review my blog at Investimonials:

Follow me now on Twitter:

Watch my instructional trading videos on YouTube:

Subscribe to Big T by e-mail:

Subscribe to Big T in a news reader:

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

No comments: