SEFE
No more longs. Potential short on panic dumps at any time, especially early. Also a fade on confirmed weakness cues. Avoid all big gaps, ignore supposed A/H quotes. Crack of 1.50/holds ideal. Respect stops.
ADY
Now over extending, this one is asking to be faded on panic dumps at any time or with confirmed weakness cues. Might fail at 5.50 from below on a failed pierce, which is a fade. If it gaps over, let it break under/holds 1st before entering short. Big volume peak today, but it might not be done, respect stops again.
TNGO
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 21.69) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Thursday, a fair sign for new buys. Needs to keep above the Thursday close or at least over 20 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to stay over 21.
HSFT
Bullish Engulfing. I like this long over the high (14.49) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
XCO
B/O scan. I like it long back over 6.29 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is arguably 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 tepid sign for new buys. Exiting below 6 on fails after trigger entering might be prudent. Early r/g? No A/H quote.
LCC
Down A/H a tad, I like this long on early weakness with a red to green move over 9.50/holds. If it gaps over let it test/hold before entering. A short possible back under the above level/holds. Also a long on spiking up at or near the gun as a scalp. Or a scalp fade on the same if it spikes down then. Stops long under 9.
VTG
I like this long on a continuation (of momentum) play above 1.56 and holds. Obviously, aside from early noise or a typical red to green move this needs to hold 1.50 on a test to remain/be viable as a long. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or trigger fail. Avoid all big gaps, as usual. No A/H quote.
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 more longs. Potential short on panic dumps at any time, especially early. Also a fade on confirmed weakness cues. Avoid all big gaps, ignore supposed A/H quotes. Crack of 1.50/holds ideal. Respect stops.
ADY
Now over extending, this one is asking to be faded on panic dumps at any time or with confirmed weakness cues. Might fail at 5.50 from below on a failed pierce, which is a fade. If it gaps over, let it break under/holds 1st before entering short. Big volume peak today, but it might not be done, respect stops again.
TNGO
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 21.69) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Thursday, a fair sign for new buys. Needs to keep above the Thursday close or at least over 20 on pull backs to remain viable as a long, aside from any early noise. More conservatively, needs to stay over 21.
HSFT
Bullish Engulfing. I like this long over the high (14.49) of Thursday. 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
XCO
B/O scan. I like it long back over 6.29 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is arguably 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 tepid sign for new buys. Exiting below 6 on fails after trigger entering might be prudent. Early r/g? No A/H quote.
LCC
Down A/H a tad, I like this long on early weakness with a red to green move over 9.50/holds. If it gaps over let it test/hold before entering. A short possible back under the above level/holds. Also a long on spiking up at or near the gun as a scalp. Or a scalp fade on the same if it spikes down then. Stops long under 9.
VTG
I like this long on a continuation (of momentum) play above 1.56 and holds. Obviously, aside from early noise or a typical red to green move this needs to hold 1.50 on a test to remain/be viable as a long. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or trigger fail. Avoid all big gaps, as usual. No A/H quote.
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