Monday, September 19, 2011

Watchers for the 9-20-11 trading session


See my previous comments, which mostly still apply in terms of entry/exit/play management tips. This closed almost unchanged, so more reddening might follow on this busted Supernovae if clear weakness cues surface.


New 52's. Short term, these yearly high stocks often 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 (15.87) and holds. Avoid shorts, keep flat on true weakness. Nice chart. Volume on the move up large, which is a weak sign for new longs. Needs to keep above the Monday close or at minimum over 15.00 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. A strong stock lately, too.


Lebed again, see NEP, etc. This shady outfit is a blast from the past, and very short term on spikes up from or near the bell it's a long with constant monitoring. Keep a finger on the sell button on slow inching up tomorrow, too, if foolish enough to buy this. I would suggest waiting for the 1st or gravy 2nd dump day to fade on weakness or panic cues, since that's a given here. Still, odds are good it has a nose hair more in it.


Red floater scan return. Idea is to play for more, better down side on day 2. Closed below the open down almost 3% on Monday. 8 previous days up until last time. Stop above Friday's session high (1.05) to cap losses on head fake fade entries. More conservatively, stop above the Monday high 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. Medium level sell volume Monday which is neutral for fades. Honor stops.


Bullish Engulfing. I like this long over the close of Monday and also the high of 4.88. Low volume on the rise, which is a good sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is probably not too far away to use for risk control via stops. Must keep above 4.70 to remain viable as a long. Avoid all big gaps or shorts.


B/O scan. I like it long on a continuation play above the close or high of Monday. Needs to stay above 4.25 on pull backs to remain viable for longs. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is not 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 tepid sign for new buys. Up a bit over 2.5% A/H. Let it test and hold 2.50 before entering, after 5 minutes in.


A bottom fishing bounce day following a huge volume red session Friday. No shorts or tries on the same on 2 fails. Avoid all big gaps. No A/H quote. Stops just under 1.92ish. Long also as a scalp on spiking up at or near the gun. Wait for it to test and hold 2 after 5 minutes in to enter. A flat open or slight gap up can test or a gap under slightly should take 2 and perk up off there to buy it. Respect stops, if it head fakes get out pronto.

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