New Supernovae scan return. A 2 day move up which closed below the
highs and equal to the open. Volume rising most days, peak Tuesday.
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 Wednesday 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 scalps.
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 9.67) and holds. Avoid
shorts, keep flat on true weakness. Nice move above 8.50. Needs to keep above the Tuesday close,
or at least above 9 on pull backs to remain viable as a long, aside
from any early noise. No A/H quote move.
Still eying this for a 9 breach to fade. Red floater. See mt analysis from last time, still in effect. Ended flatish.
B/O scan. I like it long back over 0.27 and
holds. Ideal to stay
that on tests aside from early noise if it triggers. Stops also
possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too
far away to use for risk managing stops. Also a long on spiking up at
or near the gun as a scalp. Strong volume on the rise, a poor
sign at best for new buys. No A/H quote shift. Exiting below 0.25 on
trigger entry is possibly advisable. Early r/g?
Bullish Engulfing. I like this long over 1.77/holds. Low volume on
the rise, which is a fair sign for new buyers.
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 Wednesday.
More conservatively a stop placed under Tuesday's close,
too. The low on that day is not too far away to use for
stays above 1.70 on pull backs to remain viable as a long if it
triggers. No big gaps or shorts. No A/H quote.
In play both ways. As a long on continuation of momentum above 1.87/holds.
Or as a scalp up at or near the gun for a scalp buy. Or,
short on a fall fail of 1.80 and holds. Or as a scalp sell on
pop down at
near the bell. Avoid all big gaps. Be careful
maintaining a short on a reversal back over 1.80. The
fade is more likely given the price action on Tuesday.
Hammer scan long. The tail is not too long to use the low as a stop
unless the position is very large. Use the previous session close
alternatively instead. Trigger is above the high of last time, here
above 35.17/holds. Avoid
big gaps, especially up ones. If it
gaps over the
trigger or 35 let it test/hold/perk 1st before entering. No shorts,
flat on redness. Moderate sell volume, which could mean overt sell interest
has not fully waned, suggesting reversal may not be yet here. Up
A/H a bit less than 0.50%. Not a penny.
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