ELLI
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 15.50) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Thursday, a weak sign for new buys. Needs to keep above the Thursday close or at least over 15 on pull backs to remain viable as a long, aside from any early noise.
EMMS
Red floater scan return. Idea is to play for more down side on day 2. Ended down on Thursday via a gap up debut that closed below the open after a number of up days. Stops just above 1.71 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. Medium sell volume Thursday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No longs.
GFA
B/O scan. I like it long back over 4.07 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. Modest volume on the rise, a weak sign for new buys. Exiting below 4 on fails after trigger entering might be prudent. Early r/g? No A/H quote.
CORT
Bullish Engulfing. I like this long over the high (3.73) of Thursday. Low volume on the rise, which is a good 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 3.65 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote change.
HIMX
Bearish Engulfing. I like it short below the low (2.09) of Thursday. Low volume on the drop, which is a good 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 Friday. More conservatively a stop placed above Thursday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 2.15ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
WWE
I like this long on a continuation (of momentum) play above 8.91 and holds. Obviously, aside from early noise or a typical red to green move this needs to take/hold 9 if tested 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 change. A weak open with reversal? Scale in possible 2nd 1/2 over 9/holds.
SYNC
I like this short on over extension on a gap and crap top fish or better a fall fail back under 10.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Stops above today's high at worst. More conservatively a bit over 10.50ish. No longs. A gap over (likely) needs to fail at our level while a gap under ideally tests/fails it.
Off record, watch FONR for a possible bounce day trade hold. It is right on some recent support @4.86ish. Light volume moves down might have a spring day soon, possibly Friday.
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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 15.50) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Thursday, a weak sign for new buys. Needs to keep above the Thursday close or at least over 15 on pull backs to remain viable as a long, aside from any early noise.
EMMS
Red floater scan return. Idea is to play for more down side on day 2. Ended down on Thursday via a gap up debut that closed below the open after a number of up days. Stops just above 1.71 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. Medium sell volume Thursday which means it may have average chances for shorts. Avoid all big gaps, especially large gap downs. No longs.
GFA
B/O scan. I like it long back over 4.07 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. Modest volume on the rise, a weak sign for new buys. Exiting below 4 on fails after trigger entering might be prudent. Early r/g? No A/H quote.
CORT
Bullish Engulfing. I like this long over the high (3.73) of Thursday. Low volume on the rise, which is a good 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 3.65 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote change.
HIMX
Bearish Engulfing. I like it short below the low (2.09) of Thursday. Low volume on the drop, which is a good 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 Friday. More conservatively a stop placed above Thursday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 2.15ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
WWE
I like this long on a continuation (of momentum) play above 8.91 and holds. Obviously, aside from early noise or a typical red to green move this needs to take/hold 9 if tested 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 change. A weak open with reversal? Scale in possible 2nd 1/2 over 9/holds.
SYNC
I like this short on over extension on a gap and crap top fish or better a fall fail back under 10.50/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Stops above today's high at worst. More conservatively a bit over 10.50ish. No longs. A gap over (likely) needs to fail at our level while a gap under ideally tests/fails it.
Off record, watch FONR for a possible bounce day trade hold. It is right on some recent support @4.86ish. Light volume moves down might have a spring day soon, possibly Friday.
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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