CGJCF
Again see my previous comments. Possible short of a recent Supernovae still up tons.
ERII
Rose today but watch again it's still up tons and rose on modest volume. Potential fade recent Supernovae.
LYTS
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 10.74) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Thursday close, or at least above 10 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.35 are ideal for aggressive entry.
AHT
B/O scan. I like it long back over 7.51 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 not 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 7.30 on fails after trigger entry is possibly advisable. Early r/g buy?
NAV
Bullish Engulfing. I like this long over 13.40/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 12.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SQNS
In play both ways. As a long on continuation of momentum above 1.65/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.50/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 1.60. The fade is more likely given the price action on Thursday, but keep an open mind.
ENLK
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 17.77/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 17.54 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is just developing, suggesting reversal upwards is not yet here.
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Again see my previous comments. Possible short of a recent Supernovae still up tons.
ERII
Rose today but watch again it's still up tons and rose on modest volume. Potential fade recent Supernovae.
LYTS
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 10.74) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9.50. Needs to keep above the Thursday close, or at least above 10 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 10.35 are ideal for aggressive entry.
AHT
B/O scan. I like it long back over 7.51 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 not 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 7.30 on fails after trigger entry is possibly advisable. Early r/g buy?
NAV
Bullish Engulfing. I like this long over 13.40/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 12.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SQNS
In play both ways. As a long on continuation of momentum above 1.65/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.50/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 1.60. The fade is more likely given the price action on Thursday, but keep an open mind.
ENLK
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 17.77/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 17.54 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is just developing, suggesting reversal upwards is not yet here.
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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