CGJCF
First red day Supernovae. Finished red under 1% 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 not very likely given the small 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 too. Decent short signals at worst on those counts, so watch it.
KIRI
Another initial red session Supernovae, treat as for the above stock. Up less than 1% Friday.
NVCN
In play both ways. As a long on continuation of momentum above 5.90/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 5.50/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 5.75. The fade is more likely given the price action on Friday, but keep an open mind.
NBG
B/O scan. I like it long back over 0.83 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 0.78 on fails after trigger entry is possibly advisable. Early r/g buy?
AMRK
Bullish Engulfing. I like this long over 13.55/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 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 13.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SYRG
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 11.42/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 11.35 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate sell volume, which may mean overt buy interest is unclear, suggesting reversal upwards is a not a clear thing.
WB
I like this long on a break out over 16/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Big volume gap up sizable rise on Friday. Requires constant monitoring. Stops just under 15.25 is one risk managing approach, since a fail back under indicates failure on the buy.
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First red day Supernovae. Finished red under 1% 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 not very likely given the small 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 too. Decent short signals at worst on those counts, so watch it.
KIRI
Another initial red session Supernovae, treat as for the above stock. Up less than 1% Friday.
NVCN
In play both ways. As a long on continuation of momentum above 5.90/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 5.50/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 5.75. The fade is more likely given the price action on Friday, but keep an open mind.
NBG
B/O scan. I like it long back over 0.83 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 0.78 on fails after trigger entry is possibly advisable. Early r/g buy?
AMRK
Bullish Engulfing. I like this long over 13.55/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 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 13.25 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SYRG
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 11.42/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 11.35 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate sell volume, which may mean overt buy interest is unclear, suggesting reversal upwards is a not a clear thing.
WB
I like this long on a break out over 16/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Big volume gap up sizable rise on Friday. Requires constant monitoring. Stops just under 15.25 is one risk managing approach, since a fail back under indicates failure on the buy.
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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