Thursday, September 24, 2015

Watchers for the 9-25-15 trading session

GTATQ

Watch again since this advanced and up so much to new highs we could still see some more redness. See my last comments for this recent Supernovae.


CANF

Ditto here. Still up a lot and deciding where it wants to go. See my previous comments.


NTN

Same story. Now moving sideways and a possible additional red session may be possible. See my previous comments.


VBLT

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



BTU

In play both ways. As a long on continuation of momentum above 1.44/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.30/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 1.30. The fade is more likely given the price action on Thursday, but keep an open mind.


WYY

B/O scan. I like it long back over 1.04 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 0.95 on fails after trigger entry is possibly advisable. Early r/g buy?



ODP

Bullish Engulfing. I like this long over 7.39/holds. Low volume on the rise, which is a good 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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 7.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



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