Tuesday, April 17, 2012

Watchers for the 4-18-12 trading session


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 4.90) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Tuesday, a lame sign for new buys. Needs to keep above the Tuesday close or at least over 4.50 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to stay over 4.75 if it triggers.


B/O scan. I like it long back over 3.08 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 arguably not 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 3 on fails after trigger entering might be prudent. Early r/g? No A/H quote.


Bullish Engulfing. I like this long over the high (2.15) of Tuesday. Medium 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 2 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.


See all my previous comments, mostly still applicable. If this speeds up a fail at 6.75-7 is possible. No longs.


Also see my previous comments. This is absurdly overdone anymore. No longs. But respect it. 2.50 fail?


Now in play both ways. As a short on a fall fail back under 1.50/holds. Or on panic dumps at any time/confirmed weakness cues. You may have share reservation problems tomorrow though boxing and dropping is more realistically times at this point as well. It's a long on more inching up and holding/building upon 1.50 as a floor. Looks like this is really picking up the beat now It could climax soon, but a tad more? If it gaps under our level it needs to test take and hold above first to buy, or if it gaps over, ditto. Best short is a fail back under, a gap below can be scalp faded without testing 1.50 even if that would be ideal. Promotion. See my comments from last time, once again.


This seems to be bottoming of late, so it may be a prime bounce long candidate back over 6/holds. Possible early weakness and a morning red to green move to buy into over 6. Low volume advance, a good sign. Stops not lower than 5.75 ideally.

Off record, keep an eye on LFVN for the long swing exiting below 3, see my still valid words from last time.

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