MEIP
It's true this advanced as a 1st red session Supernovae, but only as bit and on tiny volume. Still room for some distribution. See my prior comments, mostly still applicable for Tuesday. Avoid all big gaps/longs. No A/H quote.
NVGN
See above. Same points. See my prior comments, still applicable. Another 1st red day Supernovae that advanced on modest volume. It still has room to fall. No A/H quote. Avoid all big gaps.
ZLC
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 (7.52) and holds. Down a bit A/H. Avoid shorts, keep flat on true weakness. Nice move above 7. Needs to keep above the Monday close, or at least above 7 on pull backs to remain viable as a long, aside from any early noise.
GMXR
Red floater scan return. Idea is to play for more down side on day 2. Closed red on Monday off a gap up that ended below the debut. Stop above the Monday session high (0.84) 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 sell volume on Monday means it might have some chances to work. An 0.80 fail would be ideal. No A/H quote. Avoid all big gaps/longs. Gate dump?
LDK
B/O scan. I like it long back over 1.10 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 too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a suspect sign for new buys. No A/H quote. Exiting below 1 on fails after trigger entry is advisable. Early r/g buy?
ZERO
Bullish Engulfing. I like this long over 1.09/holds. Tiny 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 too far away to use for stops. Ideally stays above 1 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Low float, so that could help if it gets going.
CHK
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 open alternatively instead. Trigger is above the high of last time, here above 17.28/holds. Avoid all big gaps, especially up ones. 17.25+ is the ticket. Down A/H a tad. If it gaps over the trigger or 17.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Good set up here.
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It's true this advanced as a 1st red session Supernovae, but only as bit and on tiny volume. Still room for some distribution. See my prior comments, mostly still applicable for Tuesday. Avoid all big gaps/longs. No A/H quote.
NVGN
See above. Same points. See my prior comments, still applicable. Another 1st red day Supernovae that advanced on modest volume. It still has room to fall. No A/H quote. Avoid all big gaps.
ZLC
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 (7.52) and holds. Down a bit A/H. Avoid shorts, keep flat on true weakness. Nice move above 7. Needs to keep above the Monday close, or at least above 7 on pull backs to remain viable as a long, aside from any early noise.
GMXR
Red floater scan return. Idea is to play for more down side on day 2. Closed red on Monday off a gap up that ended below the debut. Stop above the Monday session high (0.84) 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 sell volume on Monday means it might have some chances to work. An 0.80 fail would be ideal. No A/H quote. Avoid all big gaps/longs. Gate dump?
LDK
B/O scan. I like it long back over 1.10 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 too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a suspect sign for new buys. No A/H quote. Exiting below 1 on fails after trigger entry is advisable. Early r/g buy?
ZERO
Bullish Engulfing. I like this long over 1.09/holds. Tiny 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 too far away to use for stops. Ideally stays above 1 on pull backs to remain viable as a long if it triggers. No big gaps/shorts. Low float, so that could help if it gets going.
CHK
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 open alternatively instead. Trigger is above the high of last time, here above 17.28/holds. Avoid all big gaps, especially up ones. 17.25+ is the ticket. Down A/H a tad. If it gaps over the trigger or 17.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Good set up here.
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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