ULU
First red day Supernovae. Finished down less than 8.5%+ 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 is moderately likely given the decent red result of Friday. 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 big, tepid signals for new shorts. Stops over 0.48.
SJT
See my previous comments, little has changed. This reddened again, but the volume diminished, so we could be closer to the bounce session. Stops just below 17.79 and only enter on positive price action or spike ups.
AEN
Almost new 52's. Short term, these near 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 2.25) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a suspect sign for new buys. Needs to keep above the Friday close or at least over 2 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice daily chart price correction move.
XIN
Red floater scan return. Idea is to play for more down side on day 2. Ended red somewhat over 1% on Friday via a gap up that closed below the open after 7 up days. Stops just above 2.42 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 Friday which means it may have neutral chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. No longs.
CPY
B/O scan. I like it long back over 1.81 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 Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Strong volume on the rise, a suspect sign for new buys. No A/H quote. Exiting below 1.75 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 1.95 and holds after a test/perk. Early r/g possible to buy. Eye 1.95+
TRIT
I like this short on over extension on a gap and crap top fish or better a fall fail back under 7.50/holds. Possible to take 1/2 position under the close of Friday after the noise candle, the other 1/2 under the trigger. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping.
UXG
I like this long above 4.98 and 5.05. Continuation play approaching recent resistance. 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. Strong increasing volume on the past several days, a interesting 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. An early red to green long is possible.
Off record, keep watching VVC for a spring day session, see my previous comments for details.
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First red day Supernovae. Finished down less than 8.5%+ 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 is moderately likely given the decent red result of Friday. 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 big, tepid signals for new shorts. Stops over 0.48.
SJT
See my previous comments, little has changed. This reddened again, but the volume diminished, so we could be closer to the bounce session. Stops just below 17.79 and only enter on positive price action or spike ups.
AEN
Almost new 52's. Short term, these near 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 2.25) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a suspect sign for new buys. Needs to keep above the Friday close or at least over 2 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Nice daily chart price correction move.
XIN
Red floater scan return. Idea is to play for more down side on day 2. Ended red somewhat over 1% on Friday via a gap up that closed below the open after 7 up days. Stops just above 2.42 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 Friday which means it may have neutral chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote. No longs.
CPY
B/O scan. I like it long back over 1.81 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 Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Strong volume on the rise, a suspect sign for new buys. No A/H quote. Exiting below 1.75 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 1.95 and holds after a test/perk. Early r/g possible to buy. Eye 1.95+
TRIT
I like this short on over extension on a gap and crap top fish or better a fall fail back under 7.50/holds. Possible to take 1/2 position under the close of Friday after the noise candle, the other 1/2 under the trigger. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping.
UXG
I like this long above 4.98 and 5.05. Continuation play approaching recent resistance. 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. Strong increasing volume on the past several days, a interesting 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. An early red to green long is possible.
Off record, keep watching VVC for a spring day session, see my previous comments for details.
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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