ADXDF
First red day Supernovae. Finished red by less than 8.5% last time, so at least a bit more down side might arrive. If it had fallen more than 10% less could be expected as plausible. Always watch day 2 of a popped 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 greening or strength, especially early. This is unclear given the degree of redness today. It might have some gravy, or small rise. Avoid entries as a short on big gaps up or down, but down is probably worse.
TA
Once again, see my comments dating back all the way to last Friday, little has changed. Volume on the buy side keeps fading on the choppy, whipsawing Supernovae that seems to go sideways in mid air for an eternity. Impatient shorts have torn their hair out over this one, but it should make a nice short on the fall day. Warnings signs for impending doom have flashed the past few days. Should finally pop Friday. I hope!
KV.A and KV.B
Again, see my comments for Thursday and today, as they are essentially unchanged. We have in effect a first red day Supernovae playing for additional gravy down side. This sideways movement on ever lessening volume has been annoying, admittedly. True, they greened by less than 3% today, but it is still the same try.
GWAY
Again, see my comments for yesterday and the previous day on the first up day of this stunning Supernovae for entry details. They mostly still apply. Has gone on a lot longer than would likely be considered sane, but that is par for the course in such situations. The good news is the way it played out few shorts got squeezed. This is proving to be the ultimate box and drop play, as shares by now will be hard to come by but it might pop as soon as Friday. Early, holding and daring longs are being fed caviar, but I am still waiting for the short.
SCI
New 52's. Short term, these tend to go even higher. Surprises even more so, and his rolled today with little run up into earnings released on the 9th. Up after hours, an 11 test awaits. Long on a take and hold of 11 on volume with acceleration. Do not short profit taking at that price. It could sell off a bit from the bell before stabilizing, after which a possible early red to green long awaits. Keep flat on consistently weak price action or heavy volume dumping from or near the bell. If some late arriving longs come in, it might spike up at or close to the gun for a long scalp. Also a day trade long on a flat or nominally green debut that consistently trades above the opening price level after the initial useless 5 minute noise candle.
SCSS
Momentum play. New 52's are at 12.06 and today's high was 11.99 so we are about to knock on the door. Down after hours, this is a possible early red to green long entry. Earnings reported the 9th that likely explain the move today. Keep flat on consistently weak price action or heavy volume dumping from or near the bell. If some late arriving longs come in, it might spike up at or close to the gun for a long scalp. Also a day trade long on a flat or nominally green debut that consistently trades above the opening price level after the initial useless 5 minute noise candle. Obviously if we hit a new yearly high Friday it could go even higher.
RICK
Another momentum play of sorts. Insane volume into the close. Earnings reported on the 9th that contributed to the rise, no doubt. Not a short. Up after hours, this might have some of its action similar to SCSS (though it is nowhere near new 52's) and especially could spike up for a long scalp at or near the bell on heavy volume. Keep flat on consistently weak price action or heavy volume dumping from or near the bell. I do not think a red to green is in the cards. I think this gaps up and just spikes up for a quickie. If it just creeps up out of the bell, a day trade long can be entertained, as long as it holds up and keeps above the opening price level.
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First red day Supernovae. Finished red by less than 8.5% last time, so at least a bit more down side might arrive. If it had fallen more than 10% less could be expected as plausible. Always watch day 2 of a popped 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 greening or strength, especially early. This is unclear given the degree of redness today. It might have some gravy, or small rise. Avoid entries as a short on big gaps up or down, but down is probably worse.
TA
Once again, see my comments dating back all the way to last Friday, little has changed. Volume on the buy side keeps fading on the choppy, whipsawing Supernovae that seems to go sideways in mid air for an eternity. Impatient shorts have torn their hair out over this one, but it should make a nice short on the fall day. Warnings signs for impending doom have flashed the past few days. Should finally pop Friday. I hope!
KV.A and KV.B
Again, see my comments for Thursday and today, as they are essentially unchanged. We have in effect a first red day Supernovae playing for additional gravy down side. This sideways movement on ever lessening volume has been annoying, admittedly. True, they greened by less than 3% today, but it is still the same try.
GWAY
Again, see my comments for yesterday and the previous day on the first up day of this stunning Supernovae for entry details. They mostly still apply. Has gone on a lot longer than would likely be considered sane, but that is par for the course in such situations. The good news is the way it played out few shorts got squeezed. This is proving to be the ultimate box and drop play, as shares by now will be hard to come by but it might pop as soon as Friday. Early, holding and daring longs are being fed caviar, but I am still waiting for the short.
SCI
New 52's. Short term, these tend to go even higher. Surprises even more so, and his rolled today with little run up into earnings released on the 9th. Up after hours, an 11 test awaits. Long on a take and hold of 11 on volume with acceleration. Do not short profit taking at that price. It could sell off a bit from the bell before stabilizing, after which a possible early red to green long awaits. Keep flat on consistently weak price action or heavy volume dumping from or near the bell. If some late arriving longs come in, it might spike up at or close to the gun for a long scalp. Also a day trade long on a flat or nominally green debut that consistently trades above the opening price level after the initial useless 5 minute noise candle.
SCSS
Momentum play. New 52's are at 12.06 and today's high was 11.99 so we are about to knock on the door. Down after hours, this is a possible early red to green long entry. Earnings reported the 9th that likely explain the move today. Keep flat on consistently weak price action or heavy volume dumping from or near the bell. If some late arriving longs come in, it might spike up at or close to the gun for a long scalp. Also a day trade long on a flat or nominally green debut that consistently trades above the opening price level after the initial useless 5 minute noise candle. Obviously if we hit a new yearly high Friday it could go even higher.
RICK
Another momentum play of sorts. Insane volume into the close. Earnings reported on the 9th that contributed to the rise, no doubt. Not a short. Up after hours, this might have some of its action similar to SCSS (though it is nowhere near new 52's) and especially could spike up for a long scalp at or near the bell on heavy volume. Keep flat on consistently weak price action or heavy volume dumping from or near the bell. I do not think a red to green is in the cards. I think this gaps up and just spikes up for a quickie. If it just creeps up out of the bell, a day trade long can be entertained, as long as it holds up and keeps above the opening price level.
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:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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