LOOK
Made my New Supernovae scan. 2 down sessions but with another up day it's near the original highs. Potential short. See my comments on it a few days back. A fade on weakness.
AGEN
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 7.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Friday close, or at least above 6.80 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 7.12 are ideal for aggressive entry.
SONS
B/O scan. I like it long back over 8.49 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. Modest volume on the rise, a fair sign for new buys. Exiting below 8.25 on fails after trigger entry is possibly advisable. Early r/g buy?
WLB
Bullish Engulfing. I like this long over 29.18/holds. Modest 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 28 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
STBMY
In play both ways. As a long on continuation of momentum above 1.84/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.75/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 1.75. The fade is more likely given the price action on Friday, but keep an open mind.
UEC
Red floater scan return. Idea is to play for more down side on day 2. Closed down over 3.5% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (2.68) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Big sell volume on Friday means it may have suspect chances to work. A 2.40 fail may be ideal. Avoid big gaps/longs. Panic dump?
CWST
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 5.39/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 5.38 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which may mean overt buy interest is just arriving, suggesting reversal upwards is in tentative progress.
New users: Read my trading guide for my play set-ups!
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Made my New Supernovae scan. 2 down sessions but with another up day it's near the original highs. Potential short. See my comments on it a few days back. A fade on weakness.
AGEN
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 7.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Friday close, or at least above 6.80 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 7.12 are ideal for aggressive entry.
SONS
B/O scan. I like it long back over 8.49 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. Modest volume on the rise, a fair sign for new buys. Exiting below 8.25 on fails after trigger entry is possibly advisable. Early r/g buy?
WLB
Bullish Engulfing. I like this long over 29.18/holds. Modest 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 28 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
STBMY
In play both ways. As a long on continuation of momentum above 1.84/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.75/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 1.75. The fade is more likely given the price action on Friday, but keep an open mind.
UEC
Red floater scan return. Idea is to play for more down side on day 2. Closed down over 3.5% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (2.68) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Big sell volume on Friday means it may have suspect chances to work. A 2.40 fail may be ideal. Avoid big gaps/longs. Panic dump?
CWST
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 5.39/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 5.38 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which may mean overt buy interest is just arriving, suggesting reversal upwards is in tentative progress.
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:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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