Thursday, January 15, 2015

Watchers for the 1-16-15 trading session


Red floater scan return. Idea is to play for more down side on day 2. Closed down on Thursday off a gap down open that ended below the debut. Stop just above the Thursday session high (8.60) 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 Thursday means it may have unclear chances to work. An 8 fail may be ideal. Avoid big gaps/longs. Panic dump?


B/O scan. I like it long back over 9 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 a bit too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a tepid sign for new buys. Exiting below 8.50 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 19.81/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 19.30 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


In play both ways. As a long on continuation of momentum above 3.49/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.25/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 3.25. The fade is more likely given the price action on Thursday, but keep an open mind.


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 close alternatively instead. Trigger is above the high of last time, here above 6.99/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 6.97 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which could mean overt buy interest is still approaching, suggesting reversal upwards still iffy but possible.


I like this short on over extension on a gap and crap top fish or better a fall fail back under 10/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Down a hair A/H. It also would not surprise me if it overtakes 10.09 and keeps going a bit, ruining a fade. Stops above Thursday's high at worst. 


I like this long on a break out over 1/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. Low volume gap down sizable rise on Thursday. Requires constant monitoring. Stops just under 0.95 is one risk managing approach, since a fail back under indicates failure on the buy.

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