CAMP
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 9.24) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume medium Wednesday, a neutral sign for new buys. Needs to keep above the Wednesday close or at least over 9 on pull backs to remain viable as a long, aside from any early noise. Nice move over 8.50+ on the daily chart.
NVAX
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up around 0.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (2.44) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday 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. Modest buy volume on Tuesday means it might have suspect chances to work. A 2.30 fail would be ideal. No A/H quote shift. Avoid all big gaps/longs.
LF
B/O scan. I like it long back over 9.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is arguably not 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. Down A/H a bit. Exiting below 9.25 on fails after trigger entry advisable. Early r/g buy?
WIN
Bullish Engulfing. I like this long over the high (10.08) of Wednesday. Modest volume on the rise, which is a decent 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 10 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote shift.
BONT
An over/under play. I like it long over 12.14/holds or on spiking up at or near the bell for a buy scalp, and short under 12 or on a dump near there as resistance. Possible spike down scalp short out of the gate. No A/H quote shift. Avoid all big gaps. Let it test/perk/decay on gaps over or under the planned entries. Look for daily charts with this pattern, good psychological bearing points. 3 White Soldiers candlestick set-up.
APO
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very big. Use the previous session open alternatively. Trigger is above the high of last time, here above 14.43/holds. Avoid all big gaps, especially up ones. 14.50+ is the ticket. No A/H quote. If it gaps over the trigger or 14.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Possible early weakness r/g move to buy.
INWK
I like this short on over extension on a gap and crap top fish or better a fall fail back under 14.38/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. No A/H quote change. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 14.50 and keeps going a bit. Stops above today's high at worst or just over 14.50ish. No longs, keep flat on upside. 9 up sessions running I think. Watch plays like this for fade entries.
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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 9.24) and holds. Avoid shorts/big gaps keep flat on true weakness. Volume medium Wednesday, a neutral sign for new buys. Needs to keep above the Wednesday close or at least over 9 on pull backs to remain viable as a long, aside from any early noise. Nice move over 8.50+ on the daily chart.
NVAX
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up around 0.5% on Wednesday off a gap up that ended below the debut. Stop above the previous day session high (2.44) to cap losses on head fake fade entries. More conservatively, stop above the close on Wednesday 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. Modest buy volume on Tuesday means it might have suspect chances to work. A 2.30 fail would be ideal. No A/H quote shift. Avoid all big gaps/longs.
LF
B/O scan. I like it long back over 9.50 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is arguably not 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. Down A/H a bit. Exiting below 9.25 on fails after trigger entry advisable. Early r/g buy?
WIN
Bullish Engulfing. I like this long over the high (10.08) of Wednesday. Modest volume on the rise, which is a decent 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 10 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. No A/H quote shift.
BONT
An over/under play. I like it long over 12.14/holds or on spiking up at or near the bell for a buy scalp, and short under 12 or on a dump near there as resistance. Possible spike down scalp short out of the gate. No A/H quote shift. Avoid all big gaps. Let it test/perk/decay on gaps over or under the planned entries. Look for daily charts with this pattern, good psychological bearing points. 3 White Soldiers candlestick set-up.
APO
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very big. Use the previous session open alternatively. Trigger is above the high of last time, here above 14.43/holds. Avoid all big gaps, especially up ones. 14.50+ is the ticket. No A/H quote. If it gaps over the trigger or 14.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Possible early weakness r/g move to buy.
INWK
I like this short on over extension on a gap and crap top fish or better a fall fail back under 14.38/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. No A/H quote change. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 14.50 and keeps going a bit. Stops above today's high at worst or just over 14.50ish. No longs, keep flat on upside. 9 up sessions running I think. Watch plays like this for fade entries.
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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