TFER
New Supernovae scan return. A 2 day move up which closed at the highs and above the open. Volume moderate most days, now huge. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. A 0.80 fail of some kind may prove pivotal.
EKNL
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 0.74) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Monday, a fair sign for new buys. Needs to keep above the Monday close or at least over 0.70 on pull backs to remain viable as a long, aside from any early noise.
ALC
B/O scan. I like it long back over 8.17 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 likely too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 8 on fails after trigger entry is advisable. Early r/g buy? 8.25+ ideal.
AMED
Bullish Engulfing. I like this long over 11.80/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 11.62 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Down about 1% A/H.
HLSS
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up over 1% on Monday off a gap up that ended below the debut. Stop above the previous day session high (19.90) to cap losses on head fake fade entries. More conservatively, stop above the close on Monday 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 buy volume on Monday means it might have unclear chances to work. A 19.50 fail would be ideal. Avoid all big gaps/longs. No A/H quote. 19.50 fail or gate dump?
MU
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 5.47/holds. Avoid all big gaps, especially up ones. 5.50+ is the ticket. UP a tad A/H. If it gaps over the trigger or 5.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
SVU
In play both ways. I like this long over 3.18 and short on a fall fail back under 3 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 3.18 successfully, and overtakes the trigger price. Or the same with a ceiling at 3. Any gap over 3.18 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. Down A/H a bit over 1.5%
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:
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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
New Supernovae scan return. A 2 day move up which closed at the highs and above the open. Volume moderate most days, now huge. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, avoid scalping long. A 0.80 fail of some kind may prove pivotal.
EKNL
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 0.74) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume modest Monday, a fair sign for new buys. Needs to keep above the Monday close or at least over 0.70 on pull backs to remain viable as a long, aside from any early noise.
ALC
B/O scan. I like it long back over 8.17 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 likely too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a neutral sign for new buys. No A/H quote. Exiting below 8 on fails after trigger entry is advisable. Early r/g buy? 8.25+ ideal.
AMED
Bullish Engulfing. I like this long over 11.80/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 11.62 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Down about 1% A/H.
HLSS
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up over 1% on Monday off a gap up that ended below the debut. Stop above the previous day session high (19.90) to cap losses on head fake fade entries. More conservatively, stop above the close on Monday 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 buy volume on Monday means it might have unclear chances to work. A 19.50 fail would be ideal. Avoid all big gaps/longs. No A/H quote. 19.50 fail or gate dump?
MU
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 5.47/holds. Avoid all big gaps, especially up ones. 5.50+ is the ticket. UP a tad A/H. If it gaps over the trigger or 5.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
SVU
In play both ways. I like this long over 3.18 and short on a fall fail back under 3 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 3.18 successfully, and overtakes the trigger price. Or the same with a ceiling at 3. Any gap over 3.18 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. Down A/H a bit over 1.5%
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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