LTS
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 (1.93) 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 Wednesday close or at minimum over 1.80 on pull backs to remain viable as a long, aside from any early noise. No A/H quote change.
CWTR
Despite it going through 1.50 and holds, this still might yield a fade on over extension. Down A/H over 3.5% it could fill and drop so it's a short/scalp on confirmed weakness cues or panic dumps. If it breaks under the previous close or takes out an initial low in the 1st 30 minutes to the down side, it could pan out. No longs.
PRMW
A potential long on a B/O over 7 and holds. Or a scalp spiking up at or near the bell. More conservatively, an entry above 7.15 and holds. Stops a bit under 7 or the 1st 30 minute low of Thursday. Moderate volume on the rise, a decent sign. Avoid all big gaps and shorts.
ASCA
Bullish Engulfing. I like this long over the close of Wednesday and also the high. Low volume on the rise, which is a nice sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably too far away to use for risk control via stops. Must keep above 17.00 to remain viable as a long. Avoid all big gaps or shorts.
SOMX
B/O scan. I like it long on a continuation play above the close or high of Wednesday. Needs to stay above 1.15 on pull backs to remain viable for longs. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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 volume on the rise, a neutral sign. Up over 3% A/H so see how that pans out/fills first before entering unless scalping.
LF
I like this long on a trigger above 3.50 and holds where it seems to be heading. Also buy as a scalp on spike ups at or near the gun. Avoid all big gaps and shorts. No A/H quote. Stops just below the low on Wednesday or its close or use the 1st 30 minute low on Thursday, etc.
OPTR
This began to crack today but closed south by less than 1% so more might follow if the herd spooks. Depending on your level of aggressiveness, you can enter under the close or low of Wednesday, or beneath the initial 30 minute low on Thursday, especially if it gaps up. Stops just above 13.72 and avoid all big gaps and longs. You also can scalp short on spiking down/panic at or near the open. No A/H quote.
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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 (1.93) 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 Wednesday close or at minimum over 1.80 on pull backs to remain viable as a long, aside from any early noise. No A/H quote change.
CWTR
Despite it going through 1.50 and holds, this still might yield a fade on over extension. Down A/H over 3.5% it could fill and drop so it's a short/scalp on confirmed weakness cues or panic dumps. If it breaks under the previous close or takes out an initial low in the 1st 30 minutes to the down side, it could pan out. No longs.
PRMW
A potential long on a B/O over 7 and holds. Or a scalp spiking up at or near the bell. More conservatively, an entry above 7.15 and holds. Stops a bit under 7 or the 1st 30 minute low of Thursday. Moderate volume on the rise, a decent sign. Avoid all big gaps and shorts.
ASCA
Bullish Engulfing. I like this long over the close of Wednesday and also the high. Low volume on the rise, which is a nice sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably too far away to use for risk control via stops. Must keep above 17.00 to remain viable as a long. Avoid all big gaps or shorts.
SOMX
B/O scan. I like it long on a continuation play above the close or high of Wednesday. Needs to stay above 1.15 on pull backs to remain viable for longs. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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 volume on the rise, a neutral sign. Up over 3% A/H so see how that pans out/fills first before entering unless scalping.
LF
I like this long on a trigger above 3.50 and holds where it seems to be heading. Also buy as a scalp on spike ups at or near the gun. Avoid all big gaps and shorts. No A/H quote. Stops just below the low on Wednesday or its close or use the 1st 30 minute low on Thursday, etc.
OPTR
This began to crack today but closed south by less than 1% so more might follow if the herd spooks. Depending on your level of aggressiveness, you can enter under the close or low of Wednesday, or beneath the initial 30 minute low on Thursday, especially if it gaps up. Stops just above 13.72 and avoid all big gaps and longs. You also can scalp short on spiking down/panic at or near the open. 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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