Thursday, November 17, 2011

Watchers for the 11-18-11 trading session


Supernovae, still maturing. See my previous comments, still applicable for entry/exit/trade management angles. Finish unchanged from the previous close, no less. Shorts only, of course. Up 5% A/H, not a bad thing.


Supernovae, still maturing. Another green day. See my previous comments for PEIX from last time, which this play resembles, for tips on entry/exit/trade management angles. Buy volume still decent, but declining. Up close to 1.5% A/H which is not a bad thing here either. Shorts only, of course.


Again, see my previous comments. Nothing much has changed. Bounce still looms, smallest sell volume yet. You cannot determine when it's coming precisely. My off table bouncer from last time (RMBS) hit the very next day, while we've had this one on watch for some days now. Patience is required to trade successfully.


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 (2.71) and holds. Avoid shorts/big gaps keep flat on true weakness. Nice correction to challenge/take 2.60+. Volume large today, a poor sign for new buys. Needs to keep above the Thursday close or at least over 2.50 on pull backs to remain viable as a long, aside from any early noise. Up 0.75% A/H.


Plenty of momentum and more potential here, on a B/O buy over 1.50 and holds. Or on spiking up at or near the gun for a scalp long. Or on trading steadily over the open after the noise candle. Avoid shorts or fails at the trigger level, just keep flat on that or immediate/near open dumps. Avoid all big gaps. No A/H quote.


I like this short on a fail of support at 3.50 or on panic dumps (scalp) below the same. Modest sell volume today, a plus for new fades. No big gaps or longs. Up over 1.5% A/H so it needs to gap fill and penetrate to enter. Avoid the noise candle for entries unless scalping. Must trigger.


B/O scan. I like it long above 4 into the daily chart gap. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. Modest volume on the rise, a fair sign for new buys. Down about 0.5% A/H so a potential early red to green move to buy into exists. Needs to keep above 3.75.

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