Sunday, March 27, 2011

Watchers for the 3-28-11 trading session


As usual, see my previous comments, they are still mainly identical for Monday. This stubborn stock has burned eager shorts, but longs remain sketchy anymore. Keep flat on consistently strong price action. Once this finally dumps, it will be a beauty I suspect. The fake outs have burned box and drop shorts as well. Trouble also for shorts is it's taken 2 and closed over. It will be easier to to the fade if it falls back under.


Once again, see my previous comments, still in effect. This turned up again as a red floater scan return last time, and it fell so little it remains in play for Monday. Avoid longs, keep flat on strong price action. Short only into confirmed weakness cues or heavy sell pressure dumps.


Also see my comments from last time, they are mostly applicable. Daily doji like print Friday on nominal volume means its in play both ways. The hand for longs is a little weaker, but still viable. If it sports early weakness cues or morning panic like dumping, then a fade is to be considered. Another live price action call. I think the side to be on tomorrow will be obvious soon after the opening.


This looks over extended a bit by now, but it was able to turn away a lower than open close green session recently to make new 52's on Friday. Short term, these yearly high stocks usually 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 and holds. Avoid shorts. Keep flat on weakness. No after hours quote. The 7 test will be critical, whether it gaps over or under. Anything holding over is a long, under is exit or flat.


Although not making new 52's, the analysis here is similar as for PVSW above. Fueled by earnings, a 4 test will decide if the momentum continues for the Bulls or wanes. I like it long over and holds the above level, while exiting or keeping flat below it. This applies on a gap up over and a test bounce off or a gap down and a failed test of the same level. I like quick feedback and easy stop identification trade set ups, when possible.


Cheapie up almost 186% on Friday on merger completion news. With some technical resistance near 0.045 and it having closed at 0.04 it will be easy to cap squeezes if they arise. I am looking to short profit taking or confirmed weakness cues. Any heavy volume dumps are possible fade entries. Keep flat on further greening.


This may have another 2 test in store. I like it long if we can take and hold that level with volume and acceleration. I am flat on a failed test. If it gaps down or opens flat, an early red to green and holds might involve that level to yield the long entry. On a gap up, a fill and test of 2 which perks up off and holds is a long as well. I am flat on failed tests or any fall under and inability to hold 2. Potential spike up long scalp at open.

Unofficially, I am watching FASV to see if it can gradually rise along to test 1.50 for the longs. I like it on the rise to test long if it continues to sport positive price action behavior, such as a gap up which consistently prints above the opening price level, etc.

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sgsg said...

Hey BigT what your broker/brokers?

Big T said...

I use Interactive Brokers, a PDT account...