Monday, July 16, 2012

Watchers for the 7-17-12 trading session

MVIS

Comments are similar as for today's try. See those. Set the stop just under today's low or the initial 30 minute on Tuesday. Low volume decay this session. Hoping for a bounce on spike ups early or morning rise.


NKTR

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 9.75) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Monday, a poor sign for new buys. Needs to keep above the Monday close or at least over 9.50 on pull backs to remain viable as a long, aside from any early noise. No A/H quote shift.


SYN

Red floater scan return. Idea is to play for more down side on day 2. Ended red about 2.5% on Monday via a gap down that closed below the open after many up days. Stops just above 2.55 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 on Monday which means it may have unclear chances for shorts. Avoid all longs and big gaps, especially large gap downs. No A/H quote.


XRTX 

Bullish Engulfing. I like this long over the high (10.95) of Monday. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for risk management via stops. Ideally stays above 10.60 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.


ACFN

B/O scan. I like it long back over 8.73-8.78 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is not 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. Exiting below 8.60 on fails after trigger entering might be prudent. Early r/g buy?


IBIO

In play both ways. 1st, as a fall fail fade back under 1.00. 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 and on a test/hold/perk off 1.00. 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 1.00 test that prevails. Modest float, shorts honor stops.  



MHR 

Bearish Engulfing. I like it short below the low (3.80) of Monday. Low volume on the drop, which is a fair 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 Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 3.88ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.



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