Wednesday, April 18, 2012

Watchers for the 4-19-12 trading session

BBX

Red floater scan return. Idea is to play for more down side on day 2. Ended down on Wednesday via a gap down that closed below the open after several up days. Stops just above 6.49 tops 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. Light sell volume Wednesday which means it may have fair chances for shorts. Avoid all big gaps, especially large gap downs. No buys. No A/H quote.


SUNH

Bullish Engulfing. I like this long over the high (6.85) of Wednesday. 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 6.68 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote. Lowish float, mind you.


LOOP

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 19.35) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Wednesday, a lame sign for new buys. Needs to keep above the Wednesday close or at least over 18.90 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to stay over 19 if it triggers.


SNSS

Bearish Engulfing. I like it short below the low (2.90) of Wednesday. 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. No A/H quote.


CVO

B/O scan. I like it long back over 3.09 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday 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. Exiting below 3 on fails after trigger entering might be prudent. Early r/g? No A/H quote.


SEFE

Again, see my previous comments. Still in effect. Longs are increasingly risky, though. It has quickened up considerably and still has big but diminishing volume. Constantly monitor such, but be aware that like with the stock below, these things have a nasty habit of huge losses in hours wiping out many days of accumulated small gains. This is in play both ways, with a short back under 1.50 and holds. Or on panic dumps, of course.


SNPK

Also in play both ways, as a scalp on more panic dumps at or near the bell/confirmed weakness cues. And as a wash out long bounce, hopefully as a spike up at or near the bell, or on moves over the open after the noise candle steadily. A live price action situation. Ignore A/H quote claims. Avoid big gaps. 1 over/under is the area to watch, it's obvious which direction as to the side of the fence you will take.


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: