Tuesday, February 10, 2015

Watchers for the 2-11-15 trading session


Again see my previous comments. A gap up closed under open but still up tons. Fade possible on weakness.


Again see my previous comments. A gap down advanced over 8.5% today. Up lots with a fade possible.


Again see my previous comments. Still up a lot and advanced over 9.5% today. Potential short.


Again see my previous comments. A 12.5%+ rise today. Potential fade.


New Supernovae scan return. A 2+ day move up which closed below the highs and above the open. Volume huge Tuesday. 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 Wednesday 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.


In play both ways. As a long on continuation of momentum above 2.80/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.50/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 2.50. The fade is more likely given the price action on Tuesday, but keep an open mind.


I like this long on a break out over 8.54/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. Significant volume gap up sizable rise on Tuesday. Requires constant monitoring. Stops just under 8.25 is one risk managing approach, since a fail back under indicates failure on the buy.

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