END
Still in play as I outlined. See my previous comments, little has changed except now it sits right on 10 prior to any moves tomorrow in pre or normal session. Np A/H quote. The idea is to play over/under 10 as a long or short. I am partial to the short back under 10 but either is possible in theory.
CPY
Bullish Engulfing. I like this long over the high (1.69) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is just barely not too far away to use for risk management via stops. Ideally stays above 1.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Up almost 3% A/H. Prudent might be exiting on a 1.58 fail if entering after a trigger which exceeds that price level, too. Letting it gap fill and go 1st might make sense too if it opens north unless it's being scalped long on spiking up.
TAT
Red floater scan return. Idea is to play for more, real down side on day 2. Ended unchanged on Thursday via a gap up that closed below the open. Stops just above 1.50 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 Thursday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote.
HGSI
B/O scan. I like it long back over 7.75 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. Medium volume on the rise, a neutral sign for new buys. Up A/H over 2.5% so pull back tests needed. Exiting below 7.50 on fails after trigger entering might be prudent. Possible to take 1/2 position on a test/hold/perk off the above key level and the 2nd 1/2 over the trigger.
REE
In play both ways. As a long on spiking up at or near the gun as a scalp. Or on take/hold/perk off of 5. Or as a short on over extension on a fall fail near 5 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 hoping for the short as I see more routes to that. Psychological distribution area exists near the level given above, sells there are likely. Up a tad A/H. Avoid all big gaps.
DEXO
Lots of momentum on this one. Down over 1% A/H so an early red to green move for the long may be in the cards if it sets up. No shorts, or big gaps, keeping flat on weak price action. Or buy on spike ups at or near the gun as a scalp. Or long on consistent moves above the opening price level after the noise candle.
ZUMZ
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 30.96) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 30 on pull backs to remain viable as a long, aside from any early noise. No A/H quote change. Holiday sales winner, pricey but watch it.
Off record, keep an eye on GGAL for a play similar to that of REE above. Long over 7.50/holds and short on a sell off near/at the same level. Over/under situation. Another close feedback set up that helps with stops.
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Still in play as I outlined. See my previous comments, little has changed except now it sits right on 10 prior to any moves tomorrow in pre or normal session. Np A/H quote. The idea is to play over/under 10 as a long or short. I am partial to the short back under 10 but either is possible in theory.
CPY
Bullish Engulfing. I like this long over the high (1.69) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is just barely not too far away to use for risk management via stops. Ideally stays above 1.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Up almost 3% A/H. Prudent might be exiting on a 1.58 fail if entering after a trigger which exceeds that price level, too. Letting it gap fill and go 1st might make sense too if it opens north unless it's being scalped long on spiking up.
TAT
Red floater scan return. Idea is to play for more, real down side on day 2. Ended unchanged on Thursday via a gap up that closed below the open. Stops just above 1.50 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 Thursday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap down ones. No A/H quote.
HGSI
B/O scan. I like it long back over 7.75 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. Medium volume on the rise, a neutral sign for new buys. Up A/H over 2.5% so pull back tests needed. Exiting below 7.50 on fails after trigger entering might be prudent. Possible to take 1/2 position on a test/hold/perk off the above key level and the 2nd 1/2 over the trigger.
REE
In play both ways. As a long on spiking up at or near the gun as a scalp. Or on take/hold/perk off of 5. Or as a short on over extension on a fall fail near 5 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 hoping for the short as I see more routes to that. Psychological distribution area exists near the level given above, sells there are likely. Up a tad A/H. Avoid all big gaps.
DEXO
Lots of momentum on this one. Down over 1% A/H so an early red to green move for the long may be in the cards if it sets up. No shorts, or big gaps, keeping flat on weak price action. Or buy on spike ups at or near the gun as a scalp. Or long on consistent moves above the opening price level after the noise candle.
ZUMZ
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 30.96) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Thursday, a poor sign for new buys. Needs to keep above the Thursday close or at least over 30 on pull backs to remain viable as a long, aside from any early noise. No A/H quote change. Holiday sales winner, pricey but watch it.
Off record, keep an eye on GGAL for a play similar to that of REE above. Long over 7.50/holds and short on a sell off near/at the same level. Over/under situation. Another close feedback set up that helps with stops.
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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