Friday, September 07, 2012

Watchers for the 9-10-12 trading session


Be careful with this one, now back on my official list going the other direction, down. A low float short squeezer, this one may top out at 2.50 and yield a top fish fade. Also a sell on moves under the close of Friday/holds. Scalp short on panic dumps at any time, especially early. Get out over the trigger, 3+ possible.


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 5.08) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume strong Friday, a poor of the road sign for new buys. Needs to keep above the Friday close or at least over 4 on pull backs to remain viable as a long, aside from any early noise. 4.50+ is the ticket here.


Red floater scan return. Idea is to play for more, real down side on day 2. Ended up over 0.5% on Friday via a gap up that closed below the open after 5 up days. Stops just above 15.25 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 average chances for shorts. Avoid all longs and big gaps, especially large gap downs. No A/H quote.


B/O scan. I like it long back over 8.13 (into the chart gap from July 11th) 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 likely 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 fair sign for new buys. No A/H quote. Exiting below 8 on fails after trigger entrance advisable. Early r/g buy?


Bullish Engulfing. I like this long over 10.50ish. Large volume on the rise, which is a poor 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 arguably not too far away to use for stops. Ideally stays above 10.25 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Up a tad A/H.


In play both ways. I like this long over 1.07 and short on a fall fail back under 1 or a rebuffed attempt. Big buy volume today not a plus here. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 1 successfully, and overtakes the trigger price. Or the same with a ceiling at 1. Any gap over 1 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion.


Refer once more to my previous comments, mostly still in effect. Declining (in general) sell volume, which is a plus. A bouncer long on a hold/perk over the previous session close (0.60) and or low (0.54). Or a scalp buy on a spike up at or near the gun, etc. Down another 5% A/H. Avoid all big gaps and shorts. Exit under the Friday low if entering long on early strength. Honor those as such death spirals can go on absurdly.

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