END
See my previous comments, nothing has changed despite the fake out today. Still aiming for a 10+/holds scenario long off this consolidation price action. No A/H quote change. Stops below the low today or close.
PAMT
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 7.74) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume medium Thursday, a tepid sign for new buys. Needs to keep above the Thursday close or at least over 7 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Low float/volume, squeezer.
TA
In play both ways. 1st, as a fall fail fade back under 5.50 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 5.50 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 5.50 test that prevails. 3 White Soldiers.
FTEK
Bearish Engulfing. I like it short below the low (4.53) of Thursday. Medium volume on the drop, which is a neutral 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 arguably not too far away to use for risk control via stops. Ideally keeps under 4.78ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
NVIV
Hammer scan long. The tail is arguably not too long to use the low as a stop level unless the position is large. Some support is on the daily chart right at 2. Use a bit under today's close for risk control. Trigger is above the high of last time, here above 2.21/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
XPL
Bullish Engulfing. I like this long over the high (1.10) of Thursday. Modest volume on the rise, which is a decent 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 1 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
TSYS
B/O scan. I like it long above 1.52. 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 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 decent sign for new buys. No A/H quote. If it does not spike up at the outset and retreats, letting it test and hold/perk off 1.50 first is essential.
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See my previous comments, nothing has changed despite the fake out today. Still aiming for a 10+/holds scenario long off this consolidation price action. No A/H quote change. Stops below the low today or close.
PAMT
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 7.74) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume medium Thursday, a tepid sign for new buys. Needs to keep above the Thursday close or at least over 7 on pull backs to remain viable as a long, aside from any early noise. No A/H quote. Low float/volume, squeezer.
TA
In play both ways. 1st, as a fall fail fade back under 5.50 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 5.50 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 5.50 test that prevails. 3 White Soldiers.
FTEK
Bearish Engulfing. I like it short below the low (4.53) of Thursday. Medium volume on the drop, which is a neutral 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 arguably not too far away to use for risk control via stops. Ideally keeps under 4.78ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
NVIV
Hammer scan long. The tail is arguably not too long to use the low as a stop level unless the position is large. Some support is on the daily chart right at 2. Use a bit under today's close for risk control. Trigger is above the high of last time, here above 2.21/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
XPL
Bullish Engulfing. I like this long over the high (1.10) of Thursday. Modest volume on the rise, which is a decent 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 1 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
TSYS
B/O scan. I like it long above 1.52. 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 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 decent sign for new buys. No A/H quote. If it does not spike up at the outset and retreats, letting it test and hold/perk off 1.50 first is essential.
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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