Wednesday, October 29, 2014

Watchers for the 10-30-14 trading session


See my previous comments for this recent initial red session Supernovae. It closed under the open off a gap up, advancing over 2.5% today. Still up a lot, might have more legs.


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 8.70) and holds. Avoid shorts, keep flat on true weakness. Nice move above 8. Needs to keep above the Wednesday close, or at least above 8 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 8.44 are ideal for aggressive entry.


B/O scan. I like it long back over 6.34 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 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 6 on fails after trigger entry is possibly advisable. Early r/g buy?


Bearish Engulfing. I like it short below the low (3.42) of Wednesday. Modest volume on the drop, which is a 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 3.54 on any pull ups to stay viable as a short. Avoid all big gaps/longs.


In play both ways. As a long on continuation of momentum above 9/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 9 and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 9. The fade is more likely given the price action on Wednesday, but keep an open mind.


I like this long on a break out over 16.55/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. Sizable volume gap down solid rise on Wednesday. Requires constant monitoring. Stops just under 16 is one risk managing approach, since a fail back under indicates failure on the buy.


Red floater scan return. Idea is to play for more, real down side on day 2. Closed up over 4.5% on Wednesday off a gap up open that ended below the debut. Stop just above the Wednesday session high (12.30) 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 buy volume on Wednesday means it may have unclear chances to work. A 12 fail may be ideal or one at 11.75. Avoid big gaps/longs. Panic dump?

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