CTLE
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 1.32) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.20. Needs to keep above the Wednesday close, or at least above 1.26 on pull backs to remain viable as a long, aside from any early noise.
TSN
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Wednesday less than 0.5% off a gap down that ended below the debut. Stop above the Wednesday session high (19.13) 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. Small sell volume on Wednesday means it might have fair chances to work. A 19 fail would be ideal. Down less than 0.5% A/H. Avoid all big gaps/longs. Gate dump?
FOE
B/O scan. I like it long back over 2.64 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 Friday. Avoid all shorts and all big gaps. The low on Wednesday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a fair sign for new buys. Down A/H over 1%. Exiting below 2.57 on fails after trigger entry is advisable. Early r/g buy?
VLCCF
Bullish Engulfing. I like this long over 5.56/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 Friday. More conservatively a stop placed under Wednesday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 5.40 on pull backs to remain viable as a long if it triggers. No big gaps or short. No A/H quote shift.
WHX
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 5.31/holds. Avoid all big gaps, especially up ones. 5.25+ is the ticket. No A/H quote. If it gaps over the trigger or 2.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
VVUS
A former mover, I like this long back over 12/holds. No shorts. Up a tad A/H. If it gaps over the trigger let it test/hold/perk 1st before entry. Stops under 11.50ish. News catalyst gravy seeker.
OXF
Here's a down trending stock I'm looking to fade back under 6/holds. No longs. Set a tight stop just over today's high or 6.20. Might have a bit more life in it upwards, so honor the risk management exit. o A/H quote. Also a short on spike downs under the above key level at or near the gun as a scalp. Avoid big gaps.
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
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 1.32) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.20. Needs to keep above the Wednesday close, or at least above 1.26 on pull backs to remain viable as a long, aside from any early noise.
TSN
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Wednesday less than 0.5% off a gap down that ended below the debut. Stop above the Wednesday session high (19.13) 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. Small sell volume on Wednesday means it might have fair chances to work. A 19 fail would be ideal. Down less than 0.5% A/H. Avoid all big gaps/longs. Gate dump?
FOE
B/O scan. I like it long back over 2.64 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 Friday. Avoid all shorts and all big gaps. The low on Wednesday is arguably too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a fair sign for new buys. Down A/H over 1%. Exiting below 2.57 on fails after trigger entry is advisable. Early r/g buy?
VLCCF
Bullish Engulfing. I like this long over 5.56/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 Friday. More conservatively a stop placed under Wednesday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 5.40 on pull backs to remain viable as a long if it triggers. No big gaps or short. No A/H quote shift.
WHX
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 5.31/holds. Avoid all big gaps, especially up ones. 5.25+ is the ticket. No A/H quote. If it gaps over the trigger or 2.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
VVUS
A former mover, I like this long back over 12/holds. No shorts. Up a tad A/H. If it gaps over the trigger let it test/hold/perk 1st before entry. Stops under 11.50ish. News catalyst gravy seeker.
OXF
Here's a down trending stock I'm looking to fade back under 6/holds. No longs. Set a tight stop just over today's high or 6.20. Might have a bit more life in it upwards, so honor the risk management exit. o A/H quote. Also a short on spike downs under the above key level at or near the gun as a scalp. Avoid big gaps.
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
No comments:
Post a Comment