CMXI
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 (0.69+) and holds. Avoid shorts, keep flat on true weakness. Nice daily chart with price correction fill. Volume substantial today, a poor sign for new buys. Float a bit small, price too. Needs to keep above the Friday close or at minimum over 0.60 on pull backs to remain viable as a long, aside from any early noise.
RTK
Over extension shorting candidate that has seen 8 of 9 up days, the biggest coming Friday. Fade on confirmed weakness cues or morning panic like dumps at any time. Avoid big gaps down and longs. A big gap up might be a gap and crap fade, but that will require some top fish calling. A scalp short on spike downs at or near the gun. Place a stop just over the high of Friday and heed that as it might not be done yet. Down over 2.5% A/H.
PIP
Bullish Engulfing. I like this long over the high of Friday. Modest volume on the rise, which is a fair sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Monday. More conservatively a stop placed under Friday's close, too. The low on that day is possibly not too far away to use for risk management via stops. Must keep above 1.50 to remain viable as a long. No big gaps or shorts. No A/H quote change. A Scamex stock.
MITI
Red floater scan return. Idea is to play for more, better down side on day 2. Closed down on Friday a bit less than 0.5% Stop above the previous day session high (6.19) 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 on Friday which means it might work out well enough. Down trending, 6 fail ideal.
VVTV
B/O scan. I like it long above 3. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is probably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. No A/H quote.
LCC
Bearish Engulfing. I like it short below the close or low Friday. Modest volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. No A/H quote. Stops just above the high last time or the initial 30 minute one on Monday. More conservatively a stop placed above Friday's close, too. The high on that day is not too far away to use for risk control via stops. Must keep under 6.50 on any pull ups to remain viable as a short. Avoid all big gaps/longs. A fail under 6 is ideal.
NVTL
I'm looking for a continuation of the B/O from Friday as low volume buying interest seems afoot here. Essentially over 3.50 and holds. Or on spiking up at or near the gun as a buy scalp. Possible early red to green entry as well. Retook the 50 day SMA @ 3.29. Rising RSI with a relatively low float to squeeze over eager shorties. Possible long swing next week. No shorts, avoid all big gaps. No A/H price 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 (0.69+) and holds. Avoid shorts, keep flat on true weakness. Nice daily chart with price correction fill. Volume substantial today, a poor sign for new buys. Float a bit small, price too. Needs to keep above the Friday close or at minimum over 0.60 on pull backs to remain viable as a long, aside from any early noise.
RTK
Over extension shorting candidate that has seen 8 of 9 up days, the biggest coming Friday. Fade on confirmed weakness cues or morning panic like dumps at any time. Avoid big gaps down and longs. A big gap up might be a gap and crap fade, but that will require some top fish calling. A scalp short on spike downs at or near the gun. Place a stop just over the high of Friday and heed that as it might not be done yet. Down over 2.5% A/H.
PIP
Bullish Engulfing. I like this long over the high of Friday. Modest volume on the rise, which is a fair sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Monday. More conservatively a stop placed under Friday's close, too. The low on that day is possibly not too far away to use for risk management via stops. Must keep above 1.50 to remain viable as a long. No big gaps or shorts. No A/H quote change. A Scamex stock.
MITI
Red floater scan return. Idea is to play for more, better down side on day 2. Closed down on Friday a bit less than 0.5% Stop above the previous day session high (6.19) 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 on Friday which means it might work out well enough. Down trending, 6 fail ideal.
VVTV
B/O scan. I like it long above 3. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is probably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a fair sign for new buys. No A/H quote.
LCC
Bearish Engulfing. I like it short below the close or low Friday. Modest volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. No A/H quote. Stops just above the high last time or the initial 30 minute one on Monday. More conservatively a stop placed above Friday's close, too. The high on that day is not too far away to use for risk control via stops. Must keep under 6.50 on any pull ups to remain viable as a short. Avoid all big gaps/longs. A fail under 6 is ideal.
NVTL
I'm looking for a continuation of the B/O from Friday as low volume buying interest seems afoot here. Essentially over 3.50 and holds. Or on spiking up at or near the gun as a buy scalp. Possible early red to green entry as well. Retook the 50 day SMA @ 3.29. Rising RSI with a relatively low float to squeeze over eager shorties. Possible long swing next week. No shorts, avoid all big gaps. No A/H price 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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