CUAU
Still might have some down side in it. See my previous comments. Looking for a fall fail back under 0.30ish. Rose today off a 1st red session Supernovae on lessening buy volume. Stop just over the high today.
SEAC
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 10.08) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Wednesday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise.
BSMX
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Tuesday off a gap up that ended below the debut. Stop above the Wednesday session high (15.29) to cap losses on head fake fade entries. More conservatively, stop above the open on Thursday 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 Wednesday means it might have suspect chances to work. A 15 fail would be ideal, or one at 15.30. No A/H quote. Avoid all big gaps/longs. Gate dump?
HHS
B/O scan. I like it long back over 5.46 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 not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a tepid sign for new buys. No A/H quote shift. Exiting below 5.40 on fails after trigger entry is advisable. Early r/g buy? 5.50+ ideal price action.
FSL
Bullish Engulfing. I like this long over 9.30/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 9 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.
CMVT
Bearish Engulfing. I like it short below the low (3.49) of Wednesday. Moderate volume on the drop, which is a neutral 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3.60ish on any pull ups to remain viable short. Up A/H less than 0.5%. Avoid all big gaps/longs.
DRH
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 8.74/holds. Avoid all big gaps, especially up ones. 8.75+ is the ticket. No A/H quote. If it gaps over the trigger or 8.75 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
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
Still might have some down side in it. See my previous comments. Looking for a fall fail back under 0.30ish. Rose today off a 1st red session Supernovae on lessening buy volume. Stop just over the high today.
SEAC
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 10.08) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Wednesday close, or at least above 9.50 on pull backs to remain viable as a long, aside from any early noise.
BSMX
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Tuesday off a gap up that ended below the debut. Stop above the Wednesday session high (15.29) to cap losses on head fake fade entries. More conservatively, stop above the open on Thursday 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 Wednesday means it might have suspect chances to work. A 15 fail would be ideal, or one at 15.30. No A/H quote. Avoid all big gaps/longs. Gate dump?
HHS
B/O scan. I like it long back over 5.46 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 not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a tepid sign for new buys. No A/H quote shift. Exiting below 5.40 on fails after trigger entry is advisable. Early r/g buy? 5.50+ ideal price action.
FSL
Bullish Engulfing. I like this long over 9.30/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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is likely not too far away to use for stops. Ideally stays above 9 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.
CMVT
Bearish Engulfing. I like it short below the low (3.49) of Wednesday. Moderate volume on the drop, which is a neutral 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 Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is arguably not too far away to use for risk control via stops. Ideally keeps under 3.60ish on any pull ups to remain viable short. Up A/H less than 0.5%. Avoid all big gaps/longs.
DRH
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 8.74/holds. Avoid all big gaps, especially up ones. 8.75+ is the ticket. No A/H quote. If it gaps over the trigger or 8.75 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
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