Thursday, October 08, 2015

Watchers for the 10-9-15 trading session


Watch again. Still up tons and only rose a bit today. Fade on weakness this recent Supernovae.


Also watch again. Rose under 5% 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.


Supernovae, still maturing again. Rose today over 22.5% on near peak volume. Potential short on dumps.


First red day Supernovae. Finished red over 3.5% 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 modestly likely given the average red result of Thursday. 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. Mixed short signals at best on those counts, but watch it.


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


Another new Supernovae. See my comments for the above stock to obtain general tips on a possible short. 4 day rise on less volume today as compared to Wednesday.

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