SNTS
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 5.37) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Tuesday, a poor sign for new buys. Needs to keep above the Tuesday close or at least over 5.15 on pull backs to remain viable as a long, aside from any early noise. Strong break above 5 here which was a key point of resistance.
JVA
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up about 3% on Monday via a gap up that closed below the open after 2 up days. Stops just above 14.64 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. Large buy volume on Tuesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 14.00 test/fail is key.
IVAN
B/O scan. I like it long back over 1.01 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. Low volume on the rise, a fair sign for new buys. Exiting below 0.97 on fails after trigger entering might be prudent. Early r/g? Clearly holding 1 will be the key to any later play.
STP
Bullish Engulfing. I like this long over the high (2.97) of Tuesday. Low volume on the rise, which is a decent 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 2.85 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
DENN
Bearish Engulfing. I like it short below the low (4.15) of Tuesday. Modest volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Wednesday. More conservatively a stop placed above Tuesday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 4.30ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.
BKS
I like this long above 14.74/holds. Continuation play. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over the trigger let it test/hold/perk 1st before entering. Down A/H a tad. As such, an early red to green long is possible. Low buy volume Tuesday, a decent sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 14 might do the trick. Or 14.50.
SUSQ
Another continuation play with particulars like for the above play. See that analysis for details. In this case, I like it long above 9.84/holds. No A/H quote. Stops below 9.50 advisable.
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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 5.37) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Tuesday, a poor sign for new buys. Needs to keep above the Tuesday close or at least over 5.15 on pull backs to remain viable as a long, aside from any early noise. Strong break above 5 here which was a key point of resistance.
JVA
Red floater scan return. Idea is to play for more, real down side on day 2. Ended up about 3% on Monday via a gap up that closed below the open after 2 up days. Stops just above 14.64 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. Large buy volume on Tuesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No buys. 14.00 test/fail is key.
IVAN
B/O scan. I like it long back over 1.01 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. Low volume on the rise, a fair sign for new buys. Exiting below 0.97 on fails after trigger entering might be prudent. Early r/g? Clearly holding 1 will be the key to any later play.
STP
Bullish Engulfing. I like this long over the high (2.97) of Tuesday. Low volume on the rise, which is a decent 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 2.85 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
DENN
Bearish Engulfing. I like it short below the low (4.15) of Tuesday. Modest volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Wednesday. More conservatively a stop placed above Tuesday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 4.30ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.
BKS
I like this long above 14.74/holds. Continuation play. Also long on spiking up at or near the gun as a scalp. No shorts or big gaps. If it gaps over the trigger let it test/hold/perk 1st before entering. Down A/H a tad. As such, an early red to green long is possible. Low buy volume Tuesday, a decent sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 14 might do the trick. Or 14.50.
SUSQ
Another continuation play with particulars like for the above play. See that analysis for details. In this case, I like it long above 9.84/holds. No A/H quote. Stops below 9.50 advisable.
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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