Wednesday, June 13, 2012

Watchers for the 6-14-12 trading session


Red floater scan return. Idea is to play for more down side on day 2. Closed down less than 0.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (14) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday if it starts off net negative. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Modest sell volume on Wednesday means it might have reasonable chances to work. A 14 fail would be ideal. No AH quote shift. Avoid all big gaps and longs.


Bullish Engulfing. I like this long over the high (3.43) of Wednesday. 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is possibly not too far away to use for stops. Ideally stays above 3.30 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.


B/O scan. I like it long above 4.20. 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. Low volume on the rise, a fair sign for new buys. No A/H quote. If it does not spike up at the outset and retreats, letting it test/hold/perk off 4+ first is essential.


See again my previous comments from last time. Still in play on over extension and even more ripe. A 6.50 fail is ideal here, but any confirmed weakness cues or panic dumps suffice. Volume still decent but lessening a bit each time essentially, so hopefully a chance is coming soon to fade this. Down A/H 0.50%, no longs.


In play both ways. 1st, as a fall fail fade back under 1.50 If it gaps over, let it test/fail before shorting. A test from below that fails there works, too. No A/H quote. Also a short on panic dumps at or near the bell or in the afternoon. No huge gaps. Long on more upside on a test/hold/perk off 1.50 If this maintains this it could have more. Also long on spiking up at or near the gun for a scalp. An over/under live price action call. Possible red to green long after a weak open and 1.50 test that prevails.


Hammer scan short. The tail is arguably not too long to use the high as a stop level unless the position is large. Some resistance is on the daily chart right at 5.20. Use a bit over today's close for risk control. Trigger is below the low of last time, here under 4.92/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. 5 fail in essence.


This is in play as a short off a 6 fail on an early test. If it gaps over let it test and break under for a fade. It's also possible early weakness could yield a r/g long off a successful 6 test/holds. Or on a perk off there if it gaps over and rebounds on a challenge. Long only over 6 but short panic dumps at any time are an option. I heard it was down almost 4% A/H but that's not confirmed. Low volume on the rise, a good sign. Scale in for aggressive longs 1/2 over today's close and the other over the above trigger is possible but more risky.

Keep an eye off table on former mover ROSG. It's a Superman pumper now and might see a bounce soon back over 10 especially. Set stops just under the low of today, etc.

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