Monday, July 25, 2011

Watchers for the 7-26-11 trading session


First red day Supernovae. Finished down almost 21.5% last time, so more down side might not be realistic. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted 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 high volume greening or strength, especially early. Ordinarily, this would a lot more likely given the huge degree of reddening today. But it's up over 37.5% A/H. This means it might yet still have potential. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level. Avoid spike up long scalps, too. Selling volume was big, range equally imposing. Not the best of signals for shorts.


Another 1st red day Supernovae. Analysis is similar as for the above play. It also fell over 20% on the day, but the gravy down side potential idea is essentially the same. See the comments for DOGO for entry/exit/play management tips. Up barely A/H which means this should be less promising as a play. However, although range here was large, the selling volume was modest, a mixed outcome for new fades.


Yet another 1st red day Supernovae scan return. See the previous 2 plays for general tips, naturally. A big difference here is that it only fell a bit over 1.5% today. That means the odds for another gravy red print are much more likely, so if it weakens it could be a play. Better yet, sell volume was quite modest, as well. No A/H quote so hopefully no big gaps appear tomorrow.


New Supernovae scan return. A 3 day move up which closed above the open at the hod. Volume minimal most days, now huge. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. Up over 5.5% A/H, not a bad sign.


Another new Supernovae scan return. This one closed lower than it opened, with a gapper. High wave stick narrow ultimate candle body made for a weird bunch of price action. Analysis is roughly similar as for the above stock, although it is almost a 1st red day flavor, admittedly. See my comments for SAPX. Volume even bigger than yesterday. Only up a bit over 1% A/H, which is not as ideal as it could be.


I like this long on continuation and a break through of resistance at 5 and holds. We hit 5.22 today but could not maintain that. This showed up on my Parabolic Sar scan as well. Best will be an early test from any direction of the key level. Avoid big gaps, up or down. No A/H quote change. Stops just under the close today or the 1st 30 minute low of tomorrow. The low of today is too far away to use as a stop. Long also on spiking up at or near the bell as a scalp or above the high today. No shorts, failed tests of 5 are flat stances.


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 (9.99) and holds. No A/H quote. Avoid shorts, keep flat on true weakness. Nice move out of sideways consolidation to really take 9. Needs to keep above the Monday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise.

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Anonymous said...

Umm, DOGO doesn't trade afterhours:

Your comment about DOGO being up 37% afterhours questions how reputable of a trader you are.

Big T said...

No, it does not.

My reputation (net-wise) is based on my total pick rate accuracy since the inception of the blog.

I am not a stock promoter. I've been in stocks for years now. I do not sell a list, spam, etc.

Sevveral things are possible here on DOGO. A wrong quote typo, one I attributed to it applying to another, or an error by Google Finance where I quickly took that info from when making the watch list. Any of these are possible.

Currently GF is showing it down 2.74% A/H,

Also possible, I did not check the *exchange status* (OTC) which is a simple omission error on my part. Also see:

This could shed some light...