Sunday, July 15, 2012

Watchers for the 7-16-12 trading session


Once more see my previous comments, still in effect. Advanced over 2 on ever decreasing buy volume. Hoping for a fall fail back under 2 to short. No longs/big gaps. Panic dumps are fades. No A/H quote.


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 16.95) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 16 on pull backs to remain viable as a long, aside from any early noise. No A/H quote.


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. Modest float, shorts honor stops.  


This is hopefully shaping up for another bounce entry long @ 1.60ish. See daily chart. Sell off on low volume for several sessions setting it up. Also long on spike ups at or near the gun for a scalp. No shorts. Avoid big gaps. No A/H quote. Consistent pricing above the open over 1.60 is a long. Stops just under 1.57.


Bullish Engulfing. I like this long over the high (8.82) of Friday. 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 8.70 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 back over 0.69 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 decent sign for new buys. No A/H quote. Exiting below 0.65 on fails after trigger entering might be prudent. Early r/g buy?


Red floater scan return. Idea is to play for more, real down side on day 2. Ended up over 3% on Friday via a gap up that closed below the open after many up days. Stops just above 1.08 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 buy volume on Friday which means it may have unclear chances for shorts. Avoid all longs and big gaps, especially large gap downs. No A/H quote. 1.00 fail ideal.

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