HEARQ
Dreaded consolidation and volume tapering off-ism? Probably, but in theory this is still in play for a hypothetical fade entry if it sets up right. See my previous comments for details, they still mostly apply. The danger is in a B/O in the "wrong" direction above 0.915 in which case one can get out if shorting. Unchanged.
ESLR
B/O scan. I like it long on a continuation play over the recent high of 0.48 and holds. Needs to hold 0.44 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, a good sign for longs. No A/H quote.
LBAS
Again, see my previous comments, they mostly still apply. More annual highs on Friday. Serious buying interest here, though at this point it seems to be over extending. Only buy into a clear red to green move or strong price action early and often. If this clearly reverses, get out at once since it has been bought up already. Avoid all big gaps and if buying dips be sure it is really reversing again. I hope the action is near the flat line.
EM
Red floater scan return. Idea is to play for more, better down side on day 2. Closed below the open down 0.50% on Friday. Stop above the previous day session high (18.45) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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 18.57+ and holds.
AOI
B/O scan. I like it long on a continuation play over the recent high of 3.50 and holds. Needs to hold 3.20 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. Medium buy volume today, a tepid sign for longs. No A/H quote.
FEED
A bottom fishing play. Some support at the 1 level which if it holds on a test and perks back up off there, a long might arise. Sell volume diminishing, a plus. No shorts, but get out if 1 at any point gives way. Also long on spiking up at or near the bell for a scalp. Avoid all big gaps. No A/H quote. The test/hold of 1 is optimum.
PCS
Another attempt at bottom feeding. Stops possible just under the Friday low or the Thursday one. Daily doji print. Accumulation volume level very modest, hopefully more will follow and we avoid some prolonged consolidation that goes nowhere except sideways for too many days. Long over the Friday high, or on spiking up at or near the bell for a scalp or an early red to green. If the market continues diving this may not work, but it's possible bargain bait that might even be a swing option. Avoid all shorts and all big gaps. No A/H quote.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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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
Dreaded consolidation and volume tapering off-ism? Probably, but in theory this is still in play for a hypothetical fade entry if it sets up right. See my previous comments for details, they still mostly apply. The danger is in a B/O in the "wrong" direction above 0.915 in which case one can get out if shorting. Unchanged.
ESLR
B/O scan. I like it long on a continuation play over the recent high of 0.48 and holds. Needs to hold 0.44 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, a good sign for longs. No A/H quote.
LBAS
Again, see my previous comments, they mostly still apply. More annual highs on Friday. Serious buying interest here, though at this point it seems to be over extending. Only buy into a clear red to green move or strong price action early and often. If this clearly reverses, get out at once since it has been bought up already. Avoid all big gaps and if buying dips be sure it is really reversing again. I hope the action is near the flat line.
EM
Red floater scan return. Idea is to play for more, better down side on day 2. Closed below the open down 0.50% on Friday. Stop above the previous day session high (18.45) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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 18.57+ and holds.
AOI
B/O scan. I like it long on a continuation play over the recent high of 3.50 and holds. Needs to hold 3.20 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. Medium buy volume today, a tepid sign for longs. No A/H quote.
FEED
A bottom fishing play. Some support at the 1 level which if it holds on a test and perks back up off there, a long might arise. Sell volume diminishing, a plus. No shorts, but get out if 1 at any point gives way. Also long on spiking up at or near the bell for a scalp. Avoid all big gaps. No A/H quote. The test/hold of 1 is optimum.
PCS
Another attempt at bottom feeding. Stops possible just under the Friday low or the Thursday one. Daily doji print. Accumulation volume level very modest, hopefully more will follow and we avoid some prolonged consolidation that goes nowhere except sideways for too many days. Long over the Friday high, or on spiking up at or near the bell for a scalp or an early red to green. If the market continues diving this may not work, but it's possible bargain bait that might even be a swing option. Avoid all shorts and all big gaps. No A/H quote.
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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