HSTM
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 (15.27) and holds. Avoid shorts, keep flat on true weakness. Nice daily chart price correction fill. Volume huge today, a poor sign for new buys. Needs to keep above the Friday close or at least over 15.00 on pull backs to remain viable as a long, aside from any early noise.
TKLC
Red floater, see my previous comments for entry/exit trade management tips, mostly unchanged. Closed positive by over 1.5% on Friday. Place a stop if you enter on an applicable short above 9.19 or over 9.24.
SRCH
Bullish Engulfing. I like this long over the high of Friday. Small 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. 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 likely not too far away to use for risk management via stops. Must keep above 1.00 on pull backs to remain viable as a long. No big gaps or shorts.
THQI
B/O scan. I like it long above 2.00. 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 possibly 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 decent sign for new buys. No A/H quote. Should probably not be held long on retreats back under 2. An early test/perk off there up should preface entrance.
OSK
Here's a chart with a B/O anticipation over 20 and then above 20.57ish. 1/2 position on the 1st number and holds after the noise candle and the 2nd half on the other. Low volume rise on Friday, a good sign for new buys. Keep flat on 20 fails and weak price action. Avoid all big gaps/shorts. No A/H quote.
CPWR
Bearish Engulfing. I like it short below the close of Friday. Large volume on the drop, which is a poor 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 possibly not too far away to use for risk control via stops. Must keep under 9 on any pull ups to remain viable as a short. Avoid all big gaps/longs. 8.50 fail is an ideal sign.
BTFG
A bottom fishing expedition on very low volume, so be warned. Oversold. 6 of 7 sessions were outright dumps. Buy on consistently strong price action or spiking up at or near the gun as a scalp. If not scalping, let it put in a low on the noise candle and test/hold/perk off there before entering. Avoid shorts and big gaps. No A/H quote. Stops just under the Friday low or the initial 30 minute one Monday. No support, a falling knife.
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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 (15.27) and holds. Avoid shorts, keep flat on true weakness. Nice daily chart price correction fill. Volume huge today, a poor sign for new buys. Needs to keep above the Friday close or at least over 15.00 on pull backs to remain viable as a long, aside from any early noise.
TKLC
Red floater, see my previous comments for entry/exit trade management tips, mostly unchanged. Closed positive by over 1.5% on Friday. Place a stop if you enter on an applicable short above 9.19 or over 9.24.
SRCH
Bullish Engulfing. I like this long over the high of Friday. Small 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. 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 likely not too far away to use for risk management via stops. Must keep above 1.00 on pull backs to remain viable as a long. No big gaps or shorts.
THQI
B/O scan. I like it long above 2.00. 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 possibly 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 decent sign for new buys. No A/H quote. Should probably not be held long on retreats back under 2. An early test/perk off there up should preface entrance.
OSK
Here's a chart with a B/O anticipation over 20 and then above 20.57ish. 1/2 position on the 1st number and holds after the noise candle and the 2nd half on the other. Low volume rise on Friday, a good sign for new buys. Keep flat on 20 fails and weak price action. Avoid all big gaps/shorts. No A/H quote.
CPWR
Bearish Engulfing. I like it short below the close of Friday. Large volume on the drop, which is a poor 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 possibly not too far away to use for risk control via stops. Must keep under 9 on any pull ups to remain viable as a short. Avoid all big gaps/longs. 8.50 fail is an ideal sign.
BTFG
A bottom fishing expedition on very low volume, so be warned. Oversold. 6 of 7 sessions were outright dumps. Buy on consistently strong price action or spiking up at or near the gun as a scalp. If not scalping, let it put in a low on the noise candle and test/hold/perk off there before entering. Avoid shorts and big gaps. No A/H quote. Stops just under the Friday low or the initial 30 minute one Monday. No support, a falling knife.
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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