HDLM
See my previous comments, still in effect on this Supernovae scan that is still maturing. Rose just a tad on Friday on tiny volume. Might not be done yet.
AVTC
1st red day Supernovae. Finished down less than 2% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This nominally likely given the weak red result of Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was large, range moderate, mixed signals for new shorts. Honor stops.
ATC
New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume small most days, now huge and peak. 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 Monday 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.
EGHT
New 52's. Short term, these yearly high stocks often 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 7.42) and holds. Avoid shorts, keep flat on true weakness. Nice move above 7. Needs to keep above the Friday close, or at least above 7 on pull backs to remain viable as a long, aside from any early noise. No A/H quote.
DAL
Red floater scan return. Idea is to play for more down side on day 2. Closed red on Friday off a gap down that ended below the debut. Stop above the Friday session high (11.43) 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. Moderate sell volume on Friday means it might have a bit better than even chances to work. An 11.25 fail would be ideal. No A/H quote. Avoid big gaps/longs. Gate dump?
EGLE
Bullish Engulfing. I like this long over 1.85/holds. Medium volume on the rise, which is a tepid 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 arguably not too far away to use for stops. Ideally stays above 1.78 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Up A/H a bit over 1%.
ISIS
B/O scan. I like it long back over 10.03 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 arguably 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 fair sign for new buys. No A/H quote shift. Exiting below 9.61 on fails after trigger entry is possibly advisable. Early r/g buy?
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See my previous comments, still in effect on this Supernovae scan that is still maturing. Rose just a tad on Friday on tiny volume. Might not be done yet.
AVTC
1st red day Supernovae. Finished down less than 2% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This nominally likely given the weak red result of Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was large, range moderate, mixed signals for new shorts. Honor stops.
ATC
New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume small most days, now huge and peak. 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 Monday 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.
EGHT
New 52's. Short term, these yearly high stocks often 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 7.42) and holds. Avoid shorts, keep flat on true weakness. Nice move above 7. Needs to keep above the Friday close, or at least above 7 on pull backs to remain viable as a long, aside from any early noise. No A/H quote.
DAL
Red floater scan return. Idea is to play for more down side on day 2. Closed red on Friday off a gap down that ended below the debut. Stop above the Friday session high (11.43) 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. Moderate sell volume on Friday means it might have a bit better than even chances to work. An 11.25 fail would be ideal. No A/H quote. Avoid big gaps/longs. Gate dump?
EGLE
Bullish Engulfing. I like this long over 1.85/holds. Medium volume on the rise, which is a tepid 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 arguably not too far away to use for stops. Ideally stays above 1.78 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Up A/H a bit over 1%.
ISIS
B/O scan. I like it long back over 10.03 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 arguably 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 fair sign for new buys. No A/H quote shift. Exiting below 9.61 on fails after trigger entry is possibly advisable. Early r/g buy?
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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