PROJ
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 11.45) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 11 on pull backs to remain viable as a long, aside from any early noise.
SHOR
Bullish Engulfing. I like this long over the high (5.62) of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 5.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
ALIM
B/O scan. I like it long back over 2.45 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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 poor sign for new buys. Exiting below 2 on fails after trigger entering might be prudent. Early r/g?
MEA
Red floater scan return. Idea is to play for more down side on day 2. Ended up a bit more than 1% on Monday via a gap up that closed above the open after several up days. Stops just above 5.02 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 buy volume on Monday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 5 test/fail key.
CDCAQ
Potential B/O of a low floater above 3.75/holds. Long on that. Or long on spiking up at or near the gun as a scalp. This keeps hanging around this ceiling, but has yet to punch over. No shorts. Avoid all big gaps.
BELDF
Looking for an early bounce on this, but it may have more down side to go, so no longs unless it spikes up at or near the bell for the scalp or if it trades over the open after the noise candle. Avoid big gaps. Pinkie trash.
ROYL
A former runner with real chances of squeezing early, eager shorts. A low 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 and 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. Get out on reversals. Down A/H 1%
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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 11.45) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume big Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 11 on pull backs to remain viable as a long, aside from any early noise.
SHOR
Bullish Engulfing. I like this long over the high (5.62) of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably not too far away to use for risk management via stops. Ideally stays above 5.50 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
ALIM
B/O scan. I like it long back over 2.45 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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 poor sign for new buys. Exiting below 2 on fails after trigger entering might be prudent. Early r/g?
MEA
Red floater scan return. Idea is to play for more down side on day 2. Ended up a bit more than 1% on Monday via a gap up that closed above the open after several up days. Stops just above 5.02 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 buy volume on Monday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 5 test/fail key.
CDCAQ
Potential B/O of a low floater above 3.75/holds. Long on that. Or long on spiking up at or near the gun as a scalp. This keeps hanging around this ceiling, but has yet to punch over. No shorts. Avoid all big gaps.
BELDF
Looking for an early bounce on this, but it may have more down side to go, so no longs unless it spikes up at or near the bell for the scalp or if it trades over the open after the noise candle. Avoid big gaps. Pinkie trash.
ROYL
A former runner with real chances of squeezing early, eager shorts. A low 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 and 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. Get out on reversals. Down A/H 1%
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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