Thursday, July 25, 2013

Watchers for the 7-26-13 trading session


Again, see my previous comment for play managment. Potential short. Rose again over 5.5% on even less volume. Due to fall soon. Evolving Supernovae.


Another still maturing Supernovae. See my previous comments for entry/exit angles. Rose over 60.5% on peak volume, even bigger than last time. Potential short.


I consider this as a 1st red session Supernovae, hence a potential short, despite the fact that clinically it fell a tad previously and today rose almost 2.5% but on lessening volume. Over extended and maturing fast.


Somewhat similar situation here. This fell over 5.5% on medium volume, but it's up so much it might still have one more gravy day down in it. If it fails tomorrow and keeps rising, I would reconsider active targeting of it.


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 8.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 7.50. Needs to keep above the Thursday close, or at least above 7.69 on pull backs to remain viable as a long, aside from any early noise. Up a tad A/H.


B/O scan. I like it long back over 7.91 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday 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. Somewhat modest volume on the rise, an OK sign for new buys. No A/H quote. Exiting below 7.75 on fails after trigger entry is possibly advisable. Early r/g?


Bullish Engulfing. I like this long over 4.77/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 4.66 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. No A/H quote shift.

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:

No comments: