AWSR
New Supernovae scan return. A 2 day move up that closed under the highs and above the open. Big buy volume Thursday, now declining. 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 Friday 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. Gap and crap?
THLD
First red day Supernovae. Finished down less than 2% last time, so more down side might be in the cards. If it had fallen much more 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 unlikely given the modest red result of Thursday. 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 small, range modest, fair signals for new shorts. Stops over 6.32.
DSCO
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 3.40) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume decent Thursday, a tepid sign for new buys. Needs to keep above the Thursday close or at least over 3 on pull backs to remain viable as a long, aside from any early noise. 1/2 position possible over 3.13 holds, then over the 52's.
SNTS
Bullish Engulfing. I like this long over the high (5.01) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 4.90 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. May be up A/H.
SSN
Red floater scan return. Idea is to play for more down side on day 2. Ended down a bit less than 0.5% on Thursday via a gap up that closed below the open after 4 up days. Stops just above 3.08 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 Thursday which means it may have mediocre chances for shorts. Avoid all big gaps, especially large gap downs. No longs. Scamex stock.
KWK
B/O scan. I like it long back over 6.24 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 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. Exiting below 6 on fails after trigger entering might be prudent. Early r/g? Seems to be up A/H about 1.5%+ though.
SMBL
A former runner with real chances of squeezing early, eager shorts. A modest float helps that. A possible early r/g long entry. A pullback holding 6.50 and perking off there might be longed, too. As is a break over 7 holds. No shorts yet, keep flat on real weak price action. Also long on spiking up at or near the bell as a scalp. This is a live price action call, with the above entry parameters. If this reverses on you, get out at once.
New users: Read my trading guide for my play set-ups!
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The blog has a terms of service. Be sure to read it at:
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New Supernovae scan return. A 2 day move up that closed under the highs and above the open. Big buy volume Thursday, now declining. 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 Friday 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. Gap and crap?
THLD
First red day Supernovae. Finished down less than 2% last time, so more down side might be in the cards. If it had fallen much more 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 unlikely given the modest red result of Thursday. 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 small, range modest, fair signals for new shorts. Stops over 6.32.
DSCO
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 3.40) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume decent Thursday, a tepid sign for new buys. Needs to keep above the Thursday close or at least over 3 on pull backs to remain viable as a long, aside from any early noise. 1/2 position possible over 3.13 holds, then over the 52's.
SNTS
Bullish Engulfing. I like this long over the high (5.01) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 4.90 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. May be up A/H.
SSN
Red floater scan return. Idea is to play for more down side on day 2. Ended down a bit less than 0.5% on Thursday via a gap up that closed below the open after 4 up days. Stops just above 3.08 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 Thursday which means it may have mediocre chances for shorts. Avoid all big gaps, especially large gap downs. No longs. Scamex stock.
KWK
B/O scan. I like it long back over 6.24 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 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. Exiting below 6 on fails after trigger entering might be prudent. Early r/g? Seems to be up A/H about 1.5%+ though.
SMBL
A former runner with real chances of squeezing early, eager shorts. A modest float helps that. A possible early r/g long entry. A pullback holding 6.50 and perking off there might be longed, too. As is a break over 7 holds. No shorts yet, keep flat on real weak price action. Also long on spiking up at or near the bell as a scalp. This is a live price action call, with the above entry parameters. If this reverses on you, get out at once.
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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