Tuesday, September 30, 2014

Watchers for the 10-1-14 trading session


See my previous comments. Rose over 7% but might have some down side action left. Initial red session Supernovae scan from last time. Don't be stubborn, fade only on weakness.


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 11.79) and holds. Avoid shorts, keep flat on true weakness. Nice move above 10. Needs to keep above the Tuesday close, or at least above 9.61 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 9.94 are ideal for aggressive entry.


Red floater scan return. Idea is to play for more down side on day 2. Closed red over 3.5% on Tuesday off a gap down open that ended below the debut. Stop just above the Tuesday session high (0.65) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Moderate sell volume on Tuesday means it may some real chances to work. A 0.60 fail may be ideal. Avoid big gaps/longs. Panic dump?


B/O scan. I like it long back over 1.58 and holds. Ideal to stay over 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. Big volume on the rise, a poor sign for new buys. Exiting below 1.50 on fails after trigger entry is possibly advisable. Early r/g buy? 


Bullish Engulfing. I like this long over 2.50/holds. Big volume on the rise, which is a poor 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 2.40 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. 


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 open alternatively instead. Trigger is above the high of last time, here above 11.02/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 11.01 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent buy volume, which could mean overt buy interest is arriving, suggesting reversal upwards is now likely on tap.


I like this long on a break out over 6.56/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Modest volume gap down solid rise on Tuesday. Requires constant monitoring. Stops just under 6.25 is one risk managing approach, since a fail back under indicates failure on the buy.

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