Thursday, December 18, 2014

Watchers for the 12-19-14 trading session


New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume large Thursday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Friday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, no scalps.


Another new Supernovae, see my comments for the above play for general approaches to fade. 5 up days.


In play both ways. As a long on continuation of momentum above 2.49/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.25/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 2.25. The fade is more likely given the price action on Thursday, but keep an open mind.


Almost 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 12.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 11. Needs to keep above the Thursday close, or at least above 11.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 11.73 are ideal for aggressive entry.


Red floater scan return. Idea is to play for more, real down side on day 2. Closed up over 1% on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (9.58) 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 Thursday means it may have unclear chances to work. A 9.50 fail may be ideal. Avoid big gaps/longs. Panic dump?


B/O scan. I like it long back over 4.62 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 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 poor sign for new buys. Exiting below 4.50 on fails after trigger entry is possibly advisable. Early r/g buy?


I like this long on a break out over 16.15/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 up large rise on Thursday. Requires constant monitoring. Stops just under 15.50 is one risk managing approach, since a fail back under indicates failure on the buy.

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: