Friday, February 06, 2015

Watchers for the 2-9-15 trading session


Still up a lot, it rose over 2% Friday on low volume. Recent 1st red day Supernovae. Possible gravy fade.


Again, still up a bunch, and now rose another 6% Friday. A recent red session Supernovae still meriting attention due to the amount of retrace. Potential fade.


First red day Supernovae. Finished red under 5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is modestly likely given the medium red result of Friday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was small, range middling. Mixed short signals at best on those counts, but watch it.


Again, see my previous comments. Up a ton already and it closed under open but positive due to the gapper. Possible fade gravy on this recent Supernovae.


In play both ways. As a long on continuation of momentum above 3.10/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3/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 3. 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 2.53 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 Monday. 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. Large volume on the rise, a poor sign for new buys. Exiting below 2.40 on fails after trigger entry is possibly advisable. Early r/g buy?


I like this long on a break out over 31.81/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 up sizable rise on Friday. Requires constant monitoring. Stops just under 28 is one risk managing approach, since a fail back under indicates failure on the buy.

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