Monday, January 05, 2015

Watchers for the 1-6-15 trading session


This popped Friday as I suspected. It rose Monday, but is up so much another gravy session of downside is still possible for this recent Supernovae. Watch it Tuesday and maybe a bit more.


Red floater scan return. Idea is to play for more down side on day 2. Closed red over 3% on Monday off a gap up open that ended below the debut. Stop just above the Monday session high (18.80) 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 Monday means it may have some chances to work. A 17 fail may be ideal. Avoid big gaps/longs. Panic dump?


B/O scan. I like it long back over 5.54 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday 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 5.40 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 11/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is a tad too far away to use for stops. Ideally stays above 10.59 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 2.50/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 Monday, but keep an open mind.


I like this long on a break out over 3.98/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. Decent volume gap up large rise on Monday. Requires constant monitoring. Stops just under 3.80 is one risk managing approach, since a fail back under indicates failure on the buy.


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 open alternatively instead. Trigger is above the high of last time, here above 10.77/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.76 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which could mean overt buy interest is still approaching, suggesting reversal upwards is still in the works.

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