Wednesday, December 24, 2014

Watchers for the 12-26-14 trading session


Finished unchanged. See my previous comments on this recent Supernovae. Possible weakness fade.


Still possible gravy downside on this recent Supernovae. It doji printed and ended up a bit less than 1% Wednesday. Still up quite a bit.


Again see my previous comments. Still up quite a bit and ended north by over 1% Friday. Recent Supernovae. Gravy downside possible.


First red day Supernovae. Finished red over 20% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the large red result of Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was low, range much greater. Mixed short signals at best on those counts, but watch it.


New Supernovae scan return. A 5+ day move up which closed below the highs and above the open. Volume large Wednesday. 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 ZAZA which this play resembles. Also several up days on good volume. Potential fade.


Again, another new Supernovae. See my comments on ZAZA which this plays resembles. Several up days on some volume, but the least compared to the previous two stocks in this list. Short potential on weakness.

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