CDCAQ
Again, refer to the previous comments, this stubborn Supernovae is still going, peak volume today. It may not be done, if you can believe it. Especially nice could be a fall fail back under 3 and holds. Avoid big gaps down and longs. A gap up and crap is possible to fade, but usually less than ideal.
ECRY
First red day Supernovae. Finished down more than 11% 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 Tuesday. 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 modest, range bigger, mixed signals for new shorts. Stops over 0.65
THLD
Another initial red session Supernovae, this one has analysis similar to that for the above play. See those comments, better odds here, though. Also with modest selling volume today, this one opened on a clear gap down and closed above the open but still ended down over 2.5% due to the gapper. Down almost 1% A/H.
FCPG
Yet another initial red session Supernovae. Comments for entry/exit/trade management tips are similar to that for ECRY above. See those for details. Fell over 11.5% today so danger of bounce is really there, but it fell on fairlly modest volume which is a contrasting positive feature.
DEAC
A final first red day Supernovae, this has analysis similar to that for ECRY above. See those comments for details. This one fell over 13% today so the chance of a bounce is again decent, ruining any short. Volume on the sell side was quite modest, which is at least somewhat promising to offset the negatives.
LODE
Bullish Engulfing. I like this long over the high (1.99) of Tuesday. 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for risk management via stops. Ideally stays above 1.90 on pull backs to remain viable as a long if it triggers. Conservative exits under 1.96. No big gaps/shorts. No A/H quote.
VVTV
B/O scan. I like it long back over 1.83 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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. No A/H quote. Exiting below 1.75 on fails after trigger entering may be prudent. Early r/g buy possible. 50 day SMA=1.79.
Keep watching AFFY off record, it might just consolidate boringly. It may drop soon, though, so refer to my previous comments for approaches to over extension fades if they arise in the near future.
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Again, refer to the previous comments, this stubborn Supernovae is still going, peak volume today. It may not be done, if you can believe it. Especially nice could be a fall fail back under 3 and holds. Avoid big gaps down and longs. A gap up and crap is possible to fade, but usually less than ideal.
ECRY
First red day Supernovae. Finished down more than 11% 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 Tuesday. 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 modest, range bigger, mixed signals for new shorts. Stops over 0.65
THLD
Another initial red session Supernovae, this one has analysis similar to that for the above play. See those comments, better odds here, though. Also with modest selling volume today, this one opened on a clear gap down and closed above the open but still ended down over 2.5% due to the gapper. Down almost 1% A/H.
FCPG
Yet another initial red session Supernovae. Comments for entry/exit/trade management tips are similar to that for ECRY above. See those for details. Fell over 11.5% today so danger of bounce is really there, but it fell on fairlly modest volume which is a contrasting positive feature.
DEAC
A final first red day Supernovae, this has analysis similar to that for ECRY above. See those comments for details. This one fell over 13% today so the chance of a bounce is again decent, ruining any short. Volume on the sell side was quite modest, which is at least somewhat promising to offset the negatives.
LODE
Bullish Engulfing. I like this long over the high (1.99) of Tuesday. 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is arguably too far away to use for risk management via stops. Ideally stays above 1.90 on pull backs to remain viable as a long if it triggers. Conservative exits under 1.96. No big gaps/shorts. No A/H quote.
VVTV
B/O scan. I like it long back over 1.83 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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. No A/H quote. Exiting below 1.75 on fails after trigger entering may be prudent. Early r/g buy possible. 50 day SMA=1.79.
Keep watching AFFY off record, it might just consolidate boringly. It may drop soon, though, so refer to my previous comments for approaches to over extension fades if they arise in the near future.
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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