SGMO
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 8.25) and holds. Avoid shorts, keep flat on true weakness. Nice move above 8. Needs to keep above the Monday close, or at least above 7.50 on pull backs to remain viable as a long, aside from any early noise.
TXCC
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Monday off a gap up open that ended under the debut. Stop above the Monday session high (1.10) 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. Strong buy volume on Monday means it might have fair chances to work. A 1 fail would be ideal. Avoid big gaps/longs. Gate dump?
ALDW
Bullish Engulfing. I like this long over 21.49/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 20.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Up A/H about 0.50%.
CDNS
I like this long on a continuation (of momentum) play over 14.04 and holds. Obviously, aside from early noise or a typical red to green move this needs to hold 14 on a test to remain/be viable as a long. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 14 if tested. Avoid all big gaps, as usual. No A/H quote. 52's above the trigger, resistance area to clear for more gains.
ZUMZ
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is fairly large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 20.28/holds. Avoid all big gaps, especially up ones. 20+ is the ticket. No A/H quote. If it gaps over the trigger or 20 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
ACTV
B/O scan. I like it long on a continuation play over 6.30. Needs to stay above 6.00 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest buy volume today, a decent sign for new longs. Let it test and hold 6/perk up off there a bit first before entering. Down A/H a bit over 1%. Chart gap on the daily above 6.39.
RIMM
In play both ways. I like this long over 15.09 and short on a fall fail back under 15 or a rebuffed attempt. Could use less volume for buys. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 15.09 successfully, and overtakes the trigger price. Or the same with a ceiling at 15. Any gap over 15 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion. Down A/H a bit over 0.50%. Stops at 14.50 for longs and just over 15.50 for shorts are advised.
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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 8.25) and holds. Avoid shorts, keep flat on true weakness. Nice move above 8. Needs to keep above the Monday close, or at least above 7.50 on pull backs to remain viable as a long, aside from any early noise.
TXCC
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Monday off a gap up open that ended under the debut. Stop above the Monday session high (1.10) 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. Strong buy volume on Monday means it might have fair chances to work. A 1 fail would be ideal. Avoid big gaps/longs. Gate dump?
ALDW
Bullish Engulfing. I like this long over 21.49/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 20.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. Up A/H about 0.50%.
CDNS
I like this long on a continuation (of momentum) play over 14.04 and holds. Obviously, aside from early noise or a typical red to green move this needs to hold 14 on a test to remain/be viable as a long. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 14 if tested. Avoid all big gaps, as usual. No A/H quote. 52's above the trigger, resistance area to clear for more gains.
ZUMZ
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is fairly large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 20.28/holds. Avoid all big gaps, especially up ones. 20+ is the ticket. No A/H quote. If it gaps over the trigger or 20 let it test/hold/perk 1st before entering. No shorts, keep flat on redness.
ACTV
B/O scan. I like it long on a continuation play over 6.30. Needs to stay above 6.00 on pull backs to remain viable for longs. Stops just under the close today or the 1st 30 minute low of tomorrow. Avoid all shorts and all big gaps. The low of today is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest buy volume today, a decent sign for new longs. Let it test and hold 6/perk up off there a bit first before entering. Down A/H a bit over 1%. Chart gap on the daily above 6.39.
RIMM
In play both ways. I like this long over 15.09 and short on a fall fail back under 15 or a rebuffed attempt. Could use less volume for buys. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 15.09 successfully, and overtakes the trigger price. Or the same with a ceiling at 15. Any gap over 15 needs to be played carefully. If it's just over, and holds on a test and perks off, longs are in play. If it does not hold the floor, a short is. As usual, heavy volume spikes up or down are scalp bait with discretion. Down A/H a bit over 0.50%. Stops at 14.50 for longs and just over 15.50 for shorts are advised.
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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