CUAU
Supernovae, still maturing. See my previous comments for details. Ignore A/H quote. Finished near unchanged. Same key points for fades, use today's high at most for stop losses on shorts.
SFUN
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 23.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 22. Needs to keep above the Monday close, or at least above 23 on pull backs to remain viable as a long, aside from any early noise.
CVO
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Monday off a gap up that ended below the debut. Stop above the Monday session high (2.40) 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. Moderate sell volume on Monday means it might have average chances to work. A 2.34 fail would be ideal, or one at 2.40. No A/H quote shift. Avoid all big gaps/longs. Gate dump?
IRC
B/O scan. I like it long back over 8.16 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 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 fair sign for new buys. Up over 1% A/H. Exiting below 8 on fails after trigger entry is advisable. Early r/g buy? 8+ ideal price action.
ANW
Bullish Engulfing. I like this long over 4.86/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 4.70 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
ODP
Bearish Engulfing. I like it short below the low (3.25) of Monday. Modest volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3.36ish on any pull ups to remain viable short. No A/H shift. Avoid all big gaps/longs.
IGR
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit over Monday's open for risk control. Trigger is below the low of last time, here under 8.77/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 8.80 fail as the floor. Stop above Monday's high at the most if more aggressive.
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Supernovae, still maturing. See my previous comments for details. Ignore A/H quote. Finished near unchanged. Same key points for fades, use today's high at most for stop losses on shorts.
SFUN
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 23.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 22. Needs to keep above the Monday close, or at least above 23 on pull backs to remain viable as a long, aside from any early noise.
CVO
Red floater scan return. Idea is to play for more down side on day 2. Closed down on Monday off a gap up that ended below the debut. Stop above the Monday session high (2.40) 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. Moderate sell volume on Monday means it might have average chances to work. A 2.34 fail would be ideal, or one at 2.40. No A/H quote shift. Avoid all big gaps/longs. Gate dump?
IRC
B/O scan. I like it long back over 8.16 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 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 fair sign for new buys. Up over 1% A/H. Exiting below 8 on fails after trigger entry is advisable. Early r/g buy? 8+ ideal price action.
ANW
Bullish Engulfing. I like this long over 4.86/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is likely too far away to use for stops. Ideally stays above 4.70 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote.
ODP
Bearish Engulfing. I like it short below the low (3.25) of Monday. Modest volume on the drop, which is a fair sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Tuesday. More conservatively a stop placed above Monday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3.36ish on any pull ups to remain viable short. No A/H shift. Avoid all big gaps/longs.
IGR
Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit over Monday's open for risk control. Trigger is below the low of last time, here under 8.77/holds. Avoid all big gaps, especially down ones. No A/H quote. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. The idea is to play for a 8.80 fail as the floor. Stop above Monday's high at the most if more aggressive.
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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