Saturday, November 29, 2014

Watchers for the 12-1-14 trading session


Bullish Engulfing. I like this long over 4.29/holds. Low volume on the rise, which is a good 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 4.15 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


Red floater scan return. Idea is to play for more down side on day 2. Closed red under 0.50% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (8.86) 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 Friday means it may have some chances to work. An 8.51 fail may be ideal. Avoid big gaps/longs. Panic dump?


B/O scan. I like it long back over 6.04 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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. Low volume on the rise, a good sign for new buys. Exiting below 5.75 on fails after trigger entry is possibly advisable. Early r/g buy?


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 13.58/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 13.21 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which could mean overt buy interest is still approaching, suggesting reversal upwards is still in the works.


I like this long on a break out over 20.48/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 up huge rise on Friday. Requires constant monitoring. Stops just under 18 is one risk managing approach, since a fail back under indicates failure on the buy.


I like this short on over extension on a gap and crap top fish or better a fall fail back under 15/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 15.35 and keeps going a bit. Stops above Friday's high at worst. May not be done yet. Not enough volume for my usual taste, so be careful at your own risk.


Bearish Engulfing. I like it short below the low (3) of Friday. Low volume on the drop, which is a good 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 Monday. More conservatively a stop placed above Friday's close, too. The high on that day is too far away to use for risk control via stops. Ideally keeps under 3.10 on any pull ups to stay viable as a short. Avoid all big gaps/longs.

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: