KITD
Supernovae, still maturing. See my previous comments, mostly still in effect. Closed up a bit over 2% on low volume. In play for a fade if conditions materialize.
RJET
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 6.89) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6. Needs to keep above the Wednesday close, or at least above 6.50 on pull backs to remain viable as a long, aside from any early noise.
NWTR
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Wednesday off a gap up open that ended below the debut. Stop above the Wednesday session high (0.99) 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. Strong buy volume on Wednesday means it might have suspect chances to work. A 1 dollar fail would be ideal. Avoid big gaps/longs. Gate dump?
CLWR
Bearish Engulfing. I like it short below the low (2.85) of Wednesday. Modest volume on the drop, which is decent 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 not too far away to use for risk control via stops. Ideally keeps under 2.89ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. Fair set up here.
BIOF
In play both ways. I like this long over 5 and short on a fall fail back under 5 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 5 successfully, and overtakes the trigger price. Or the same with a ceiling at 5. Any gap over 5 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.Low float means short squeezes are a potential headache, so keep that in mind if fading. Down A/H +0.50%ish.
ARRY
B/O scan. I like it long back over 4 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 likely 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. Exiting below 3.90 on fails after trigger entry is possibly advisable. Early r/g buy?
JASO
I like this long over 4.57/holds. Recent resistance on daily chart at 4.50 overtaken. Also long on spiking up at or near the gun as a scalp. No A/H quote. Avoid all big gaps. A continuation play. Set a stop just under 4.50 to manage risk. No shorts. Yes, shorting a fail at 4.50 is possible but I'm flat on that busted pattern.
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Supernovae, still maturing. See my previous comments, mostly still in effect. Closed up a bit over 2% on low volume. In play for a fade if conditions materialize.
RJET
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 6.89) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6. Needs to keep above the Wednesday close, or at least above 6.50 on pull backs to remain viable as a long, aside from any early noise.
NWTR
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up on Wednesday off a gap up open that ended below the debut. Stop above the Wednesday session high (0.99) 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. Strong buy volume on Wednesday means it might have suspect chances to work. A 1 dollar fail would be ideal. Avoid big gaps/longs. Gate dump?
CLWR
Bearish Engulfing. I like it short below the low (2.85) of Wednesday. Modest volume on the drop, which is decent 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 not too far away to use for risk control via stops. Ideally keeps under 2.89ish on any pull ups to remain viable as a short. Avoid all big gaps/longs. Fair set up here.
BIOF
In play both ways. I like this long over 5 and short on a fall fail back under 5 or a rebuffed attempt. Could use a bit more volume. Avoid all big gaps. The easiest play will be a flat or nominally up/down debut that challenges 5 successfully, and overtakes the trigger price. Or the same with a ceiling at 5. Any gap over 5 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.Low float means short squeezes are a potential headache, so keep that in mind if fading. Down A/H +0.50%ish.
ARRY
B/O scan. I like it long back over 4 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 likely 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. Exiting below 3.90 on fails after trigger entry is possibly advisable. Early r/g buy?
JASO
I like this long over 4.57/holds. Recent resistance on daily chart at 4.50 overtaken. Also long on spiking up at or near the gun as a scalp. No A/H quote. Avoid all big gaps. A continuation play. Set a stop just under 4.50 to manage risk. No shorts. Yes, shorting a fail at 4.50 is possible but I'm flat on that busted pattern.
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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