Sunday, October 11, 2015

Watchers for the 10-12-15 trading session


Watch again. Still up tons and fell less than 3% Friday. Fade on weakness this recent Supernovae.


Also watch again. Rose under 1%  Friday but still up tons, fade on weakness this recent Supernovae.


See my comments from last time here too for this recent initial red day Supernovae. Fade on weakness. Finished unchanged Friday.


Rose again to new highs after an initial red session Supernovae situation but on modest volume. Watch for a fade on weakness.


First red day Supernovae. Finished red almost 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 fairly likely given the sizable 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 high, range wider. Weak short signals at best on those counts, but watch it.


Another 1st session red day Supernovae. See my comments for the EXXI for general approach tips.  Rose under 3.5% Friday on large volume so some chances exist here for shorts.


Another 1st red session day Supernovae. See my comments for the above stock for general tips on how to proceed. Fell less than 1% on modest volume, so odds for more redness should be better here.


New Supernovae scan return. A 5 day move up which closed below the highs and above the open. Volume low Friday. 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 Monday 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.


Another new Supernovae. See my comments for the above stock for general approach tips. Rose on big peak volume on 5 day advance.

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