Sunday, April 12, 2015

Watchers for the 4-13-15 trading session


Again see my previous comments. Up over 12% Friday to new highs off a gap up on strong volume. Possible fade on a recent Supernovae.


Making new highs is is this recent reddened Supernovae. See my previous comments. Peak volume Friday up over 17%.


Watch this one again and once more see my previous analysis. Advanced almost 6% Friday on small volume. Above in price a tad from where it was just after the Supernovae red session. Possible short.


Supernovae, still maturing. See also my previous comments. Advanced almost 7.5% Friday on decent-but a bit less-volume. Potential fade.


Again see my previous comments. Supernovae, still maturing. Rose on small volume over 14% Friday. Potential short.


New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume average 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 Monday 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 2.17/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/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. The fade is more likely given the price action on Friday, but keep an open mind.

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