Thursday, August 18, 2011

Watchers for the 8-19-11 trading session


Red floater scan return. Idea is to play for more, better down side on day 2. Closed below the open down a bit over 3% on Friday. Stop above the previous day session high (7.99) to cap losses on head fake fade entries. More conservatively, stop above the close on Thursday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest level sell volume today which is decent if it sets up to fade. Get out on 8+ and holds.


B/O scan. I like it long on a continuation play over the last high of 0.675 and holds. Needs to hold 0.61 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest buy volume today, a fair sign for longs. OTC, caution.


Parabolic Sar and Bullish Engulfing scan. I like it long over 4 and holds. Small volume on the rise today, an excellent sign for new longs. Place a stop under the close today or the 1st 30 minute low tomorrow. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. Small buy volume today, a good sign for new longs. No A/H quote. If it gaps over 4 a bit, wait for a test/hold/perk to enter.


Parabolic Sar scan. Here, the level to watch is 4. Wait for a test and hold of that old resistance, now support. If it holds and perks up off there, more upside is still possible. Down a tad A/H but above 4. Avoid shorts, keep flat on a fall fail at 4. Avoid all big gaps. Long as well on spiking up at or near the bell. Stops just under 3.96 or the initial 30 minute low Friday. Possible early red to green 4 cross long on a nominally weak open.


Food stuffs contract news helped this move up over 122% today. It could have more so monitored longs on this cheap stinkie pinkie are possible on strong price action early and often. I would keep flat and wait for sell off, though. A fade on the standard confirmed weakness cues or panic dumps. Low float, so box and drop or be sure it's diving to enter, or prepare for a squeeze. If it starts out fine and reverses, get out, be not stubborn.


I only like this as a short on a fall fail back under 3 and holds. Or on the same with heavy volume dumping in the morning. I'm not into more upside, which is possible despite its over extending hue. Still, on another big red day in the broader market it soared. It looked like it would fade late but it got a 2nd wind near the end. Up over 1.5% A/H which I hope is given away rapidly. Keep flat on early strength or spiking up, etc.


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 (3.61) and holds. Avoid shorts, keep flat on true weakness. Nice chart. Volume on the move up modest, which is a fair sign for new longs. Needs to keep above the Thursday close or at minimum over 3.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote.

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