Friday, February 13, 2015

Watchers for the 2-17-15 trading session


A gap up fell but ended positive due to it. See my previous comments. Possible gravy downside.


Again see my previous comments. Another rise day of a recent Supernovae. Short on weakness. Rose again today on similar volume compared to last time over 4% via a gap up hammer print . 


Again see my comments for Friday. Another big up day off a gap up, over 30%. Possible short on weakness, especially under 8.


New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume large Friday. 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 Tuesday 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 4.45/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.40/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 4.40. The fade is more likely given the price action on Friday, but keep an open mind.


B/O scan. I like it long back over 8.03 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent volume on the rise, a mediocre sign for new buys. Exiting below 7.75 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 8.01/holds. Small volume on the rise, which is a fair 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 Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 7.80 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.

New users: Read my trading guide for my play set-ups!

Review my blog at Investimonials:

Follow me now on Twitter:

Watch my instructional trading videos on YouTube:

Subscribe to Big T by e-mail:

Subscribe to Big T in a news reader:

The blog has a terms of service. Be sure to read it at:

No comments: