Monday, February 09, 2015

Watchers for the 2-10-15 trading session


Despite the huge rise, this is up tons. See my previous comments. Possible fade on weakness.


Again, see my previous comments. It rose less than 2% Monday. Room for some more downside gravy.


Again, see my previous comments. Rose less than 5% today. Possible fade on weakness.


Still up a ton despite a fall with a gap down Monday. Possible short fade.


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 17.75) and holds. Avoid shorts, keep flat on true weakness. Nice move above 16. Needs to keep above the Monday close, or at least above 16 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 17.07 are ideal for aggressive entry.


In play both ways. As a long on continuation of momentum above 2.37/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.


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 13.99/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 14.01 let it test/hold/fall from there 1st before entering. No longs. Stop above Monday's high at the most if more aggressive. 

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