TNCC
New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume increasing 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 Thursday 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. No A/H quote.
KUTV
First red day Supernovae. Finished down more than 21% 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 Wednesday. 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 medium, range wider, tepid signals for new shorts. Stops over 3.68.
FTWR
Another 1st red session Supernovae, analysis is similar as for the above play, see those comments. This one also closed south by many percent(38.5%+) so additional down side may be hard to come by. No A/H quote. Stops over 0.48. Range a bit more restrained but this otherwise resembles the previous symbol.
ENER
1st red day Supernovae. Finished down less than 6% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 modestly likely given the average red result of Wednesday. 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 sizable, range too, scary signals for new shorts. Honor stops.
OSUR
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 10.95) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Wednesday, a poor sign for new buys. Needs to keep above the Wednesday close or at least over 10.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice chart break out/holds over 10 move.
WFR
B/O scan. I like it long back over 5 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is 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 A/H a tad. Exiting below 5 on fails after trigger entering might be prudent. Possible to take 1/2 of the position over the trigger and the 2nd 1/2 over today's close and holds after a test/perk. Early r/g possible to buy. Eye 5+.
HERO
Bullish Engulfing. I like this long over the high (4.43) of Wednesday. Medium volume on the rise, which is a neutral 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 4.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down over 2.5% A/H.
Off record, I'm following SJT for a possible washout bounce long. It might not be done tanking yet, so be careful bottom fishing the falling knife here. VVC is now prime for a long swing over 29/holds. The 50 day SMA is there, so on a weak open and r/g with 29 being perked off of, we might have a trade. Good luck.
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New Supernovae scan return. A 4 day move up which closed below the highs and above the open. Volume increasing 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 Thursday 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. No A/H quote.
KUTV
First red day Supernovae. Finished down more than 21% 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 Wednesday. 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 medium, range wider, tepid signals for new shorts. Stops over 3.68.
FTWR
Another 1st red session Supernovae, analysis is similar as for the above play, see those comments. This one also closed south by many percent(38.5%+) so additional down side may be hard to come by. No A/H quote. Stops over 0.48. Range a bit more restrained but this otherwise resembles the previous symbol.
ENER
1st red day Supernovae. Finished down less than 6% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 modestly likely given the average red result of Wednesday. 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 sizable, range too, scary signals for new shorts. Honor stops.
OSUR
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 10.95) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Wednesday, a poor sign for new buys. Needs to keep above the Wednesday close or at least over 10.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice chart break out/holds over 10 move.
WFR
B/O scan. I like it long back over 5 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is 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 A/H a tad. Exiting below 5 on fails after trigger entering might be prudent. Possible to take 1/2 of the position over the trigger and the 2nd 1/2 over today's close and holds after a test/perk. Early r/g possible to buy. Eye 5+.
HERO
Bullish Engulfing. I like this long over the high (4.43) of Wednesday. Medium volume on the rise, which is a neutral 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 4.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Down over 2.5% A/H.
Off record, I'm following SJT for a possible washout bounce long. It might not be done tanking yet, so be careful bottom fishing the falling knife here. VVC is now prime for a long swing over 29/holds. The 50 day SMA is there, so on a weak open and r/g with 29 being perked off of, we might have a trade. Good luck.
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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