HEARQ
See my previous comments. They are mostly still in effect in terms of entry/exit/play management. Stops above 0.90 a bit. A gap down open advanced from the lod and resistance is now firmly in the price level I quoted. You are looking for a fall back under that level or a failed test/confirmed weakness cues or morning panic dumps to short into. The danger other than squeezing is a long consolidation near the highs for days.
CBOU
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 (15.24) and holds. Avoid shorts, keep flat on true weakness. Nice chart/price correction to new highs. Volume on the move up medium, which is a fair sign for new longs. Needs to keep above the Wednesday close or at minimum over 14.50 on pull backs to remain viable as a long, aside from any early noise.
SAPX
If we finally get a wash out here at 1.50 after so many distribution sessions, and it seems to be holding, a bounce play off it from as spike up at or near the gun or an early red to green move might be in store. Up A/H over 1%. Stops just below 1.50 or the initial 30 minute low tomorrow. Also long on consistent movement above the opening price level after the noise candle. No shorts, exit on sustained weakness. Avoid big gaps. It might make sense to let it test 1.50 and perk up off there if it does not spike north before entering long.
GST
Bullish Engulfing. I like this long over the close of Wednesday and also the high. Modest volume on the rise, which is a fair sign for longs. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops typically just under the low last time or the initial 30 minute one on Thursday. The low on Wednesday is arguably too far away to use for risk management via stops. More conservatively a stop placed under Wednesday's close, too. Must keep above 4.50 to remain viable as a long. No big gaps or shorts.
HYC
B/O scan. I like it long on a continuation play over the close of today, or possibly the high. Needs to stay above 9.00 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. Small buy volume today, good for new longs. Volatile stock with a risky beta, but it is picking up interest among serious buyers. No A/H quote.
HOLI
A bottom fishing play after many red sessions. Sell volume has progressively diminished. A daily doji day, which may mean reversal. Long over the close or high of today. Also long on spiking up at or near the gun as a scalp. No A/H quote. Stops under the close today or the initial 30 minute low tomorrow. Or just under the low today, which was near 6. If it clearly fails there and heads under and holds, get out. No shorts, a bouncer.
SMA
I like this long on a continuation of momentum above 10.09. Also long on spiking up at or near the bell for a scalp. Or on new yearly highs over 10.29. Aside from early noise or an early red to green move to be longed, it needs to hold 10ish, an area of recent clear resistance that is hopefully new support. No shorts, avoid all big gaps. Modes volume on the rise, a fair sign for new longs. No A/H quote. Stops under the close today or just under 10 or under the initial 30 minute low tomorrow. The low today is a bit far away to use for risk control.
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See my previous comments. They are mostly still in effect in terms of entry/exit/play management. Stops above 0.90 a bit. A gap down open advanced from the lod and resistance is now firmly in the price level I quoted. You are looking for a fall back under that level or a failed test/confirmed weakness cues or morning panic dumps to short into. The danger other than squeezing is a long consolidation near the highs for days.
CBOU
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 (15.24) and holds. Avoid shorts, keep flat on true weakness. Nice chart/price correction to new highs. Volume on the move up medium, which is a fair sign for new longs. Needs to keep above the Wednesday close or at minimum over 14.50 on pull backs to remain viable as a long, aside from any early noise.
SAPX
If we finally get a wash out here at 1.50 after so many distribution sessions, and it seems to be holding, a bounce play off it from as spike up at or near the gun or an early red to green move might be in store. Up A/H over 1%. Stops just below 1.50 or the initial 30 minute low tomorrow. Also long on consistent movement above the opening price level after the noise candle. No shorts, exit on sustained weakness. Avoid big gaps. It might make sense to let it test 1.50 and perk up off there if it does not spike north before entering long.
GST
Bullish Engulfing. I like this long over the close of Wednesday and also the high. Modest volume on the rise, which is a fair sign for longs. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops typically just under the low last time or the initial 30 minute one on Thursday. The low on Wednesday is arguably too far away to use for risk management via stops. More conservatively a stop placed under Wednesday's close, too. Must keep above 4.50 to remain viable as a long. No big gaps or shorts.
HYC
B/O scan. I like it long on a continuation play over the close of today, or possibly the high. Needs to stay above 9.00 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. Small buy volume today, good for new longs. Volatile stock with a risky beta, but it is picking up interest among serious buyers. No A/H quote.
HOLI
A bottom fishing play after many red sessions. Sell volume has progressively diminished. A daily doji day, which may mean reversal. Long over the close or high of today. Also long on spiking up at or near the gun as a scalp. No A/H quote. Stops under the close today or the initial 30 minute low tomorrow. Or just under the low today, which was near 6. If it clearly fails there and heads under and holds, get out. No shorts, a bouncer.
SMA
I like this long on a continuation of momentum above 10.09. Also long on spiking up at or near the bell for a scalp. Or on new yearly highs over 10.29. Aside from early noise or an early red to green move to be longed, it needs to hold 10ish, an area of recent clear resistance that is hopefully new support. No shorts, avoid all big gaps. Modes volume on the rise, a fair sign for new longs. No A/H quote. Stops under the close today or just under 10 or under the initial 30 minute low tomorrow. The low today is a bit far away to use for risk control.
New users: Read my trading guide for my play set-ups!
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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