Wednesday, October 08, 2014

Watchers for the 10-9-14 trading session


See my previous comments for this recent initial red session Supernovae. It finished almost unchanged today. Potential short.

No chart on this stock.


Making new highs this initial red session Supernovae may yet fall. See my previous comments for details.


Supernovae, still maturing. See my previous comments, mostly still applicable. Ended up 4% today on peak volume . Potential short.


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 3.81) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Wednesday close, or at least above 3.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.79 are ideal for aggressive entry.


Red floater scan return. Idea is to play for more down side on day 2. Closed down over 1% on Wednesday off a gap up open that ended below the debut. Stop just above the Wedenesday session high (3.70) 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. Modest sell volume on Wednesday means it may have real chances to work. A 3.50 fail may be ideal or one at 3.60. Avoid big gaps/longs. Panic dump?


B/O scan. I like it long back over 5.11 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. Modest volume on the rise, a fair sign for new buys. Exiting below 4.75 on fails after trigger entry is possibly advisable. Early r/g buy? 


Bullish Engulfing. I like this long over 5.06/holds. Large 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is perhaps not too far away to use for stops. Ideally stays above 4.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts. 

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