MUI
See my previous comments. This is still bottoming out, and while it did not rise Friday, it could by Monday or thereabouts. No A/ quote, avoid big gaps, especially up ones.
FALC
Red floater scan return. Idea is to play for more down side on day 2. Ended down about 3% on Friday via a gap down that closed below the open after 7 up days. Stops just above 3.61 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 Friday which means it may have reasonable chances at best for shorts. Avoid all big gaps, especially large gap downs. No buys.
HUSA
Bullish Engulfing. I like this long over the high (7.35) of Wednesday. Fairly large volume on the rise, which is a tepid 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 7 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
OSG
Over extension setting up here, though it might not be over yet. Possible gap over and fall back under 13 or fail on a test of that from below. That is a short. Or on spiking down at or near the gun as a fade scalp. No longs. Avoid all big gaps but especially gap downs. No A/H quote. Sell only into clear weakness.
XIDE
B/O scan. I like it long back over 3.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is not 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. Exiting below 3 on fails after trigger entering might be prudent. Early r/g? Clearly, holding 3+ will be the key here.
ONVO
Inching up. Many days of greening, and in play both ways. A tentative watch it every second with a hand on the mouse long on consistent moves above the open, or on unlikely spike ups at or near the bell long, which is unlikely, or a fade on confirmed weakness cues or spike downs as a scalp at or near the gun. This kind of thing can lose days of gains in a panic, usually early but sometimes near the end, so be aware and if playing for that kind of short reserving with a box/drop might work. Thinly traded, so exiting fast may be hard. Pinkie.
TNK
I like this long above 5.32/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. No A/H quote. An early red to green long is still possible. Modest buy volume Friday, a decent sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 5 might do the trick. 5.22+ conservatively.
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
See my previous comments. This is still bottoming out, and while it did not rise Friday, it could by Monday or thereabouts. No A/ quote, avoid big gaps, especially up ones.
FALC
Red floater scan return. Idea is to play for more down side on day 2. Ended down about 3% on Friday via a gap down that closed below the open after 7 up days. Stops just above 3.61 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 Friday which means it may have reasonable chances at best for shorts. Avoid all big gaps, especially large gap downs. No buys.
HUSA
Bullish Engulfing. I like this long over the high (7.35) of Wednesday. Fairly large volume on the rise, which is a tepid 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 7 on pull backs to remain viable as a long if it triggers. No big gaps/shorts.
OSG
Over extension setting up here, though it might not be over yet. Possible gap over and fall back under 13 or fail on a test of that from below. That is a short. Or on spiking down at or near the gun as a fade scalp. No longs. Avoid all big gaps but especially gap downs. No A/H quote. Sell only into clear weakness.
XIDE
B/O scan. I like it long back over 3.15 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is not 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. Exiting below 3 on fails after trigger entering might be prudent. Early r/g? Clearly, holding 3+ will be the key here.
ONVO
Inching up. Many days of greening, and in play both ways. A tentative watch it every second with a hand on the mouse long on consistent moves above the open, or on unlikely spike ups at or near the bell long, which is unlikely, or a fade on confirmed weakness cues or spike downs as a scalp at or near the gun. This kind of thing can lose days of gains in a panic, usually early but sometimes near the end, so be aware and if playing for that kind of short reserving with a box/drop might work. Thinly traded, so exiting fast may be hard. Pinkie.
TNK
I like this long above 5.32/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. No A/H quote. An early red to green long is still possible. Modest buy volume Friday, a decent sign. Also long on consistent moves above the opening price level after the noise candle. Stops under 5 might do the trick. 5.22+ conservatively.
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
No comments:
Post a Comment