Thursday, May 19, 2011

Watchers for the 5-20-11 trading session


I like this long over 12.38 with acceleration and more volume. Nice move today, and up too much A/H for my taste. Might have to settle for a pull back entry which must hold 12 at minimum. An early red to green long might surface to permit the long. A scalp up on opening spikes north. No shorts, keep flat on real weakness.


I'm stubborn, but this still has potential with the same analysis as for 5-18-11, over 6.94 and 7. See those comments for entry/exit trade management tips. Low volume on the distribution today. Possible early r/g long.


A big mover recently, now a Red Floater scan return. The concept here is to play for another down day. Lots of volume on the sell today so that might be harder to achieve. A stop is placed a bit over the most recent high (1.47) and an entry is taken short on morning panic like dumps whenever they arise and/or confirmed weakness cues. Keep flat on real upside action, it's up too much already. No A/H quote.


I just wish this had more volume. Any pull back entry needs to hold 9.90 or so, a key recent support area. New 52's. 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. No A/H quote. No shorts, keep flat on true weakness.


Another yearly high stock that could use more volume on the B/O. See the above stock, which this play resembles, for entry/exit/play management advice. No A/H quote here, either. Pull back entries need to hold 1.90ish. Avoid shorts, keep flat on sustained faltering.


A spot situation short with a provisional entry. Unclear catalyst or rumors? 4.50 is the level we need to see the stock fail at to fade it. It's up A/H just over so a fall back under early would do the trick. Or morning panic like dumps at any time. No longs, keep flat on more upside character.


See my previous comments on this. We reddened about 1% today and I am still looking for a convincing fall to hold back under 0.09 with no fake outs or afternoon recoveries to fade. Not a lot of sell volume today, which I hope increases on Friday. Avoid shorting above the trigger I mentioned, keep flat on more greening.

Off table, I am keeping an eye on PURE for a possible spike up at or near the gun to long scalp. It's up A/H more so that might not be long lived. News catalyst. It could easily peak early and fade the rest of the way or dump from the bell, but I am flat on that and not short to avoid a possible squeeze.

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