Tuesday, April 14, 2015

Watchers for the 4-15-15 trading session


Again see my previous comments. Supernovae still advancing. Up over 16.5% on lesser volume. Possible fade.


Again, see my previous comments. Advanced about 6% on small volume, so more downside is an enhanced possibility. Recent Supernovae. Possible short.


Rose after basing. See my previous comments. Possible short of recent initial red day Supernovae. Less volume and up over 10.5% today.


Failed to get another red day on this just busted Supernovae. But it's up so much it might still have some red left. Rose over 5% on smallest volume in a while. Potential short.


First red day Supernovae. Finished red over 8% 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 somewhat likely given the decent red result of Tuesday. 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 sizable, range medium. Tepid short signals at best on those counts, but watch it.


Another initial red session Supernovae. See my comments for CHGT above for general tips. This one top hammer printed on a gap down but fell over 7% via the gapper on less volume. Fade play.


New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume peak 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.

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