GTATQ
Watch again since this advanced again so we could still see some more redness. See my last comments for this recent Supernovae.
NTN
Finished unchanged so watch again this recent Supernovae for additional downside action entries.
VBLT
First red day Supernovae. Finished red almost 10% 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 fairly likely given the big red result of Friday. 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 low, range wider. Weak, mixed short signals at best on those counts, but watch it.
NADL
In play both ways. As a long on continuation of momentum above 1.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 0.90/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. The fade is more likely given the price action on Friday, but keep an open mind.
NYMX
Red floater scan return. Idea is to play for more down side on day 2. Closed down under 0.50% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (4.28) 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. Small sell volume on Friday means it may have some chances to work. A 4 fail may be ideal. Avoid big gaps/longs. Panic dump?
LQDT
B/O scan. I like it long back over 7.64 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. Moderate volume on the rise, a neutral sign for new buys. Exiting below 7.40 on fails after trigger entry is possibly advisable. Early r/g buy?
IGR
Bullish Engulfing. I like this long over 7.49/holds. Moderate volume on the rise, which is a tepid 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 not too far away to use for stops. Ideally stays above 7.40 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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
Watch again since this advanced again so we could still see some more redness. See my last comments for this recent Supernovae.
NTN
Finished unchanged so watch again this recent Supernovae for additional downside action entries.
VBLT
First red day Supernovae. Finished red almost 10% 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 fairly likely given the big red result of Friday. 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 low, range wider. Weak, mixed short signals at best on those counts, but watch it.
NADL
In play both ways. As a long on continuation of momentum above 1.04/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 0.90/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. The fade is more likely given the price action on Friday, but keep an open mind.
NYMX
Red floater scan return. Idea is to play for more down side on day 2. Closed down under 0.50% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (4.28) 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. Small sell volume on Friday means it may have some chances to work. A 4 fail may be ideal. Avoid big gaps/longs. Panic dump?
LQDT
B/O scan. I like it long back over 7.64 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. Moderate volume on the rise, a neutral sign for new buys. Exiting below 7.40 on fails after trigger entry is possibly advisable. Early r/g buy?
IGR
Bullish Engulfing. I like this long over 7.49/holds. Moderate volume on the rise, which is a tepid 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 not too far away to use for stops. Ideally stays above 7.40 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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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