Monday, December 29, 2014

Watchers for the 12-30-14 trading session


This went higher today but is up so much it should have a bit more. See my original comments for general approaches. It already had a red session when the Supernovae burst recently.


Similar situation here. Finished up less than 1% today on a lower close than the open, but is still up a lot.


First red day Supernovae. Finished red over 7% last time, so more down side might be in the cards. If it had fallen much more than 10% then less 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 moderately likely given the decent red result of Monday. 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 a bit wider. Middling short signals at best on those counts, but watch it.


Again, see my comments from last time. Still maturing Supernovae but getting top heavy. Closed on less volume than recent sessions but not a lot less. Possible fade entry.


Same here, another rapidly maturing Supernovae, this one with a doji print on nearly peak volume. Short possible on weakness.


New Supernovae scan return. A 5+ day move up which closed below the highs and above the open. Volume moderate Monday. 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 Tuesday 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 CACH above for general approaches. It rose 3 days running, the last on peak volume. Potential short on weakness.

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