Monday, April 13, 2015

Watchers for the 4-14-15 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.


Again, see my previous comments. Advanced a bit more on small volume, so more downside is an enhanced possibility. Recent Supernovae. Possible short.


Almost unchanged today. Again see my previous comments. A recent initial red session Supernovae for possible gravy redness.


First red day Supernovae. Finished red over 12.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 rather likely given the large red result of Monday. 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 medium, range likewise. Lukewarm signals at best on those counts, but watch it.


Another initial red session Supernovae. Potential gravy downside. See my comments for MBVX above for rough details.


Again see my previous comments. Supernovae, still maturing. Rose on big volume over 51% Monday. Potential short.


New Supernovae scan return. A 5+ move up which closed below the highs and above the open. Volume average Monday. 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.

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