FBN
Bearish Engulfing. I like it short below the low of Monday. Small volume on the drop, which is a good sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under1.16ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote. You might enter 1/2 position under the trigger and the other 1/2 of it under 1.00 or even 0.88 where it lacks support.
ELN
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 (over 12.60) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly strong Monday, a tepid sign for new buys. Needs to keep above the Monday close or at least over 12 on pull backs to remain viable as a long, aside from any early noise. No A/H quote change. Price correction return to a recent ceiling situation. Possible swing trade upwards once it breaks through, even if it does not Tuesday.
GTIV
B/O scan. I like it long back over 6.84 and holds. Ideal to stay over that on tests aside from early noise if it triggers. 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 arguably a bit 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. Exit might be smart on a 6.50 fail. Pull back entry there on a hold/perk is another route here.
GNBT
Over some weeks, this might power higher, but it's over extended short term. Profit taking situations can provide fade plays. I like it short on panic dumps at any time and on confirmed weakness cues. Avoid longs altogether and fading big gap downs. A big gap up might be faded but may require top fishing on a gap and crap. Scalp sell on spike downs at or near the gun. Might top out at 0.20ish, though, so watch for squeezes.
LDK
I like this long on early weakness with a red to green move to enter back over 5 and holds. Or on spiking up at or near the gun as a scalp buy. Or on trading above the open after the noise candle. Lots of momentum here, but it could fall fail back under 5 after a gap over or early spike yielding a fade. Or on a drive to 5 and topping out near there may yield a short. Down A/H over 3%. Avoid all big gaps.
ALXA
Bullish Engulfing. I like this long over the high of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably too far away to use for risk management via stops. Ideally stays above 0.66 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote change.
DENN
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up on Monday less than 0.5% via a gap up but below the open. Stop just above the previous day session high (3.96) to cap losses on head fake fade entries. 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 sell volume on Monday which means it may have decent chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
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Bearish Engulfing. I like it short below the low of Monday. Small volume on the drop, which is a good sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under1.16ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote. You might enter 1/2 position under the trigger and the other 1/2 of it under 1.00 or even 0.88 where it lacks support.
ELN
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 (over 12.60) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume fairly strong Monday, a tepid sign for new buys. Needs to keep above the Monday close or at least over 12 on pull backs to remain viable as a long, aside from any early noise. No A/H quote change. Price correction return to a recent ceiling situation. Possible swing trade upwards once it breaks through, even if it does not Tuesday.
GTIV
B/O scan. I like it long back over 6.84 and holds. Ideal to stay over that on tests aside from early noise if it triggers. 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 arguably a bit 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. Exit might be smart on a 6.50 fail. Pull back entry there on a hold/perk is another route here.
GNBT
Over some weeks, this might power higher, but it's over extended short term. Profit taking situations can provide fade plays. I like it short on panic dumps at any time and on confirmed weakness cues. Avoid longs altogether and fading big gap downs. A big gap up might be faded but may require top fishing on a gap and crap. Scalp sell on spike downs at or near the gun. Might top out at 0.20ish, though, so watch for squeezes.
LDK
I like this long on early weakness with a red to green move to enter back over 5 and holds. Or on spiking up at or near the gun as a scalp buy. Or on trading above the open after the noise candle. Lots of momentum here, but it could fall fail back under 5 after a gap over or early spike yielding a fade. Or on a drive to 5 and topping out near there may yield a short. Down A/H over 3%. Avoid all big gaps.
ALXA
Bullish Engulfing. I like this long over the high of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably too far away to use for risk management via stops. Ideally stays above 0.66 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote change.
DENN
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up on Monday less than 0.5% via a gap up but below the open. Stop just above the previous day session high (3.96) to cap losses on head fake fade entries. 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 sell volume on Monday which means it may have decent chances for shorts. No A/H quote. Avoid all big gaps, especially large gap down ones.
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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