ADMP
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 0.93) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 0.80 on pull backs to remain viable as a long, aside from any early noise. Nice move over 0.80 on the daily chart.
XRTX
B/O scan. I like it long back over 7.60 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 not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 7.50 on fails after trigger entry is advisable. Early r/g buy?
CWTR
Bullish Engulfing. I like this long over 3.81/holds. Low volume on the rise, which is a fair 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 stops. Ideally stays above 3.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
CLD
Hammer scan short. The tail is arguably not too long to use the low as a stop level unless the position is very large. Can use a bit over Friday's open for risk control. Trigger is below the low of last time, here under 19.72/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. The idea is to play for a 19.75 fail as the floor. Stop above Friday's high at the most if more aggressive.
OEH
Nice daily chart for an over/under play @ 12. Long over 12/holds. Or on positive price action above that and the open after 5 minutes of trading. Or on spike ups scalps at or near the gun. Short on a 12 fail/holds. Or on negative price action below 12 and the open after the noise candle. Or on spike downs at or near the gun as a scalp. No A/H quote. In play both ways with respect to 12. A live price action call.
HCBK
Red floater scan return. Idea is to play for more down side on day 2. Closed red over 1% on Friday off a gap down that ended below the debut. Stop above the previous day session high (8.79) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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. Low sell volume on Friday means it might have fair chances to work. A 8.50 fail would be ideal. Avoid all big gaps/longs. 8.50 fail or gate dump?
VRA
Bearish Engulfing. I like it short below the low (29.18) of Friday. 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 Monday. More conservatively a stop placed above Friday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 30ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
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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 0.93) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume large Friday, a poor sign for new buys. Needs to keep above the Friday close or at least over 0.80 on pull backs to remain viable as a long, aside from any early noise. Nice move over 0.80 on the daily chart.
XRTX
B/O scan. I like it long back over 7.60 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 not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 7.50 on fails after trigger entry is advisable. Early r/g buy?
CWTR
Bullish Engulfing. I like this long over 3.81/holds. Low volume on the rise, which is a fair 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 stops. Ideally stays above 3.75 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote.
CLD
Hammer scan short. The tail is arguably not too long to use the low as a stop level unless the position is very large. Can use a bit over Friday's open for risk control. Trigger is below the low of last time, here under 19.72/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. The idea is to play for a 19.75 fail as the floor. Stop above Friday's high at the most if more aggressive.
OEH
Nice daily chart for an over/under play @ 12. Long over 12/holds. Or on positive price action above that and the open after 5 minutes of trading. Or on spike ups scalps at or near the gun. Short on a 12 fail/holds. Or on negative price action below 12 and the open after the noise candle. Or on spike downs at or near the gun as a scalp. No A/H quote. In play both ways with respect to 12. A live price action call.
HCBK
Red floater scan return. Idea is to play for more down side on day 2. Closed red over 1% on Friday off a gap down that ended below the debut. Stop above the previous day session high (8.79) to cap losses on head fake fade entries. More conservatively, stop above the close on Friday 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. Low sell volume on Friday means it might have fair chances to work. A 8.50 fail would be ideal. Avoid all big gaps/longs. 8.50 fail or gate dump?
VRA
Bearish Engulfing. I like it short below the low (29.18) of Friday. 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 Monday. More conservatively a stop placed above Friday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 30ish on any pull ups to remain viable as a short. Avoid all big gaps/longs.
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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