CTESY
Supernovae, still maturing. See my previous comments, mostly still in force for entry/exit/trade management angles. New highs on ever smaller buy volume. A fade on panic dumps at any time or confirmed weakness cues. No longs, avoid big gap downs. The reverse can be top fish faded with some risk. Stops over 0.40 etc.
REE
First red day Supernovae. Finished down more than 10% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This fairly likely given the clear red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was big, range too, poor signals for new shorts. Up a bit over 1% A/H.
BDSI
As this finished nearly unchanged, it's still in play for shorts as an initial red session Supernovae play. See my previous comments for entry/exit/trade management tips, still mostly applicable. Volume on the buy side was really small today, a favorable sign for new shorts if it weakens, though it hammer candled on the daily at what could be construed as the bottom of the move, which is better for longs. Short on confirmed weakness cues or panic dumps. Stops above the high today a bit. If it reverses get out. Down A/H over 1% resetting it all.
CIE
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 19) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Tuesday, a weak sign for new buys. Needs to keep above the Tuesday close or at least over 17.50 on pull backs to remain viable as a long, aside from any early noise. Up over 0.5% A/H. Nice price correction chart on the daily.
DNDN
Red floater scan return. Idea is to play for more down side on day 2. Ended down over 3.5% on Tuesday via a gap up that closed below the open. Stops just above 13.89 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. Medium sell volume on Tuesday which means it may have neutral chances for shorts. Avoid all big gaps, especially large gap down ones. Down just over 1% A/H. No longs.
LIOX
B/O scan. I like it long back over 2.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday may be 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 change. Exiting below 2.35 on fails after trigger entering might be prudent. Close feedback set up.
IDIX
In play both ways. As a long on spiking up at or near the gun as a scalp. 12 is the key level over/under. Early weakness or a nominal gap down with a red to green back over 12 and holds is a buy. It's a short on over extension on a fall fail back under 12 or a gap over and move back under and holds. Or on spike downs at or near the gun as a scalp fade. I am neutral on what will win out, this is a live price action situation that could easily go either way. A psychological distribution area exists near the level given above, sells there are likely. Of course, if it conquers it, a route to further gains is likely. Up a bit A/H, let it fill 1st. Avoid all big gaps.
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Supernovae, still maturing. See my previous comments, mostly still in force for entry/exit/trade management angles. New highs on ever smaller buy volume. A fade on panic dumps at any time or confirmed weakness cues. No longs, avoid big gap downs. The reverse can be top fish faded with some risk. Stops over 0.40 etc.
REE
First red day Supernovae. Finished down more than 10% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This fairly likely given the clear red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was big, range too, poor signals for new shorts. Up a bit over 1% A/H.
BDSI
As this finished nearly unchanged, it's still in play for shorts as an initial red session Supernovae play. See my previous comments for entry/exit/trade management tips, still mostly applicable. Volume on the buy side was really small today, a favorable sign for new shorts if it weakens, though it hammer candled on the daily at what could be construed as the bottom of the move, which is better for longs. Short on confirmed weakness cues or panic dumps. Stops above the high today a bit. If it reverses get out. Down A/H over 1% resetting it all.
CIE
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 19) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Tuesday, a weak sign for new buys. Needs to keep above the Tuesday close or at least over 17.50 on pull backs to remain viable as a long, aside from any early noise. Up over 0.5% A/H. Nice price correction chart on the daily.
DNDN
Red floater scan return. Idea is to play for more down side on day 2. Ended down over 3.5% on Tuesday via a gap up that closed below the open. Stops just above 13.89 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. Medium sell volume on Tuesday which means it may have neutral chances for shorts. Avoid all big gaps, especially large gap down ones. Down just over 1% A/H. No longs.
LIOX
B/O scan. I like it long back over 2.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday may be 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 change. Exiting below 2.35 on fails after trigger entering might be prudent. Close feedback set up.
IDIX
In play both ways. As a long on spiking up at or near the gun as a scalp. 12 is the key level over/under. Early weakness or a nominal gap down with a red to green back over 12 and holds is a buy. It's a short on over extension on a fall fail back under 12 or a gap over and move back under and holds. Or on spike downs at or near the gun as a scalp fade. I am neutral on what will win out, this is a live price action situation that could easily go either way. A psychological distribution area exists near the level given above, sells there are likely. Of course, if it conquers it, a route to further gains is likely. Up a bit A/H, let it fill 1st. Avoid all big gaps.
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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