ENER
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume rising most days, now large. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long.
IDIX
Another new Supernovae scan return, analysis is roughly similar for the above stock, see those comments for details. This has fit and start advanced since 1/9/12 when it solidly gapped up. Here buy volume has been steadily decreasing, so it might be ripening soon. Possible fail at 14.50 or 15, set stops accordingly. Less risky is to avoid any top fishing and fade only on panic dumps or confirmed weakness cues post noise candle.
FCAL
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 4.17) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Friday, a fair sign for new buys. Needs to keep above the Friday close or at least over 3.90 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Aggressive traders may wait on a 4 test/hold and buy 1/2 and the other over new annual highs, but that is more risky. Exit prudent on 4 fails after the noise candle.
NAT
Red floater scan return. Idea is to play for more down side on day 2. Ended up a bit over 1% on Friday via a gap up that closed below the open. Stops just above 15 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. Big buy volume on Friday which means it may have decent chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. No longs. 9 of 10 sessions running were up days.
IRE
B/O scan. I like it long back over 5.09 and holds. 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 Tuesday. Avoid all shorts and all big gaps. The low on Friday is possibly a tad 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. Exiting below 5 on fails after trigger entering might be prudent. Or a bit under 4.88ish. Possible to take 1/2 of the position over the trigger and the 2nd 1/2 over 5 and holds after a test/perk.
KV.A
I like this long above 1.80 and 1.88. Continuation of momentum/Bullish Engulfing. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over either trigger let it test/hold/perk 1st before entering. No A/H quote. Modest volume on the past few days, a good sign if we take out the triggers. Also long on consistent moves above the opening price level after the noise candle. Possible to take 1/2 the position over the 1st trigger the 2nd 1/2 over the next one.
AMOK
Careful with this one. A past runner that is up without obvious promotion upon a quick and dirty check. Float size unclear so another reason to be cautious of shorting. If doing so, wait for confirmed weakness cues or panic dumps at any time. You can scalp fade immediate drops at or near the gun, but set stops and obey them if it reverses, using the previous session high at worst. OTC cheapie, another warning sign. Borrows may be challenging. Avoid all longs at this point. Possible gap up and crap which would require risky top fishing.
Off table, I'm eying NR for a a bounce long swing off 9/holds or moves above the previous close or low. Daily doji printed, up trending stock that has sold off 4 days running on lessening volume. 50 day SMA @ 9.08 which it could perk off of. I favor day trades, but some might prefer set ups that can be held a few days.
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:
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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
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume rising most days, now large. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long.
IDIX
Another new Supernovae scan return, analysis is roughly similar for the above stock, see those comments for details. This has fit and start advanced since 1/9/12 when it solidly gapped up. Here buy volume has been steadily decreasing, so it might be ripening soon. Possible fail at 14.50 or 15, set stops accordingly. Less risky is to avoid any top fishing and fade only on panic dumps or confirmed weakness cues post noise candle.
FCAL
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 4.17) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Friday, a fair sign for new buys. Needs to keep above the Friday close or at least over 3.90 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Aggressive traders may wait on a 4 test/hold and buy 1/2 and the other over new annual highs, but that is more risky. Exit prudent on 4 fails after the noise candle.
NAT
Red floater scan return. Idea is to play for more down side on day 2. Ended up a bit over 1% on Friday via a gap up that closed below the open. Stops just above 15 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. Big buy volume on Friday which means it may have decent chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. No longs. 9 of 10 sessions running were up days.
IRE
B/O scan. I like it long back over 5.09 and holds. 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 Tuesday. Avoid all shorts and all big gaps. The low on Friday is possibly a tad 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. Exiting below 5 on fails after trigger entering might be prudent. Or a bit under 4.88ish. Possible to take 1/2 of the position over the trigger and the 2nd 1/2 over 5 and holds after a test/perk.
KV.A
I like this long above 1.80 and 1.88. Continuation of momentum/Bullish Engulfing. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over either trigger let it test/hold/perk 1st before entering. No A/H quote. Modest volume on the past few days, a good sign if we take out the triggers. Also long on consistent moves above the opening price level after the noise candle. Possible to take 1/2 the position over the 1st trigger the 2nd 1/2 over the next one.
AMOK
Careful with this one. A past runner that is up without obvious promotion upon a quick and dirty check. Float size unclear so another reason to be cautious of shorting. If doing so, wait for confirmed weakness cues or panic dumps at any time. You can scalp fade immediate drops at or near the gun, but set stops and obey them if it reverses, using the previous session high at worst. OTC cheapie, another warning sign. Borrows may be challenging. Avoid all longs at this point. Possible gap up and crap which would require risky top fishing.
Off table, I'm eying NR for a a bounce long swing off 9/holds or moves above the previous close or low. Daily doji printed, up trending stock that has sold off 4 days running on lessening volume. 50 day SMA @ 9.08 which it could perk off of. I favor day trades, but some might prefer set ups that can be held a few days.
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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