Tuesday, January 27, 2015

Watchers for the 1-28-15 trading session

IIVI

Potential 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 17.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 15. Needs to keep above the Tuesday close, or at least above 15 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 16.11 are ideal for aggressive entry.


CRIS

Red floater scan return. Idea is to play for more down side on day 2. Closed red on Tuesday off a gap down open that ended below the debut. Stop just above the Tuesday session high (1.95) 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 Tuesday means it may have unclear chances to work. A 1.90 fail may be ideal. Avoid big gaps/longs. Panic dump?


NSPH

B/O scan. I like it long back over 0.32 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is 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 0.30 on fails after trigger entry is possibly advisable. Early r/g buy?


NES

Bullish Engulfing. I like this long over 2.42/holds. Big volume on the rise, which is a poor 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 2.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


ADXS

In play both ways. As a long on continuation of momentum above 10.19/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 10/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 10. The fade is more likely given the price action on Tuesday, but keep an open mind.


INSM

Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Tuesday's close for risk control. Trigger is below the low of last time, here under 15.70/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 15.91 let it test/hold/fall from there 1st before entering. No longs. Stop above Tuesday's high at the most if more aggressive. 


WWE

I like this long on a break out over 12.86/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. Large volume gap down sizable rise on Tuesday. Requires constant monitoring. Stops just under 12 is one risk managing approach, since a fail back under indicates failure on the buy.


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