CSTM
Watch again for a possible fade gravy entry. Fell almost 4% Friday but still up a bunch.
HART
First red day Supernovae. Finished red over 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 plausible 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 moderate, range larger. Middling short signals at best on those counts, but watch it.
UBIQ
Remaking my Supernovae scan, this rose again over 7% Friday and is still up a lot, possible fade Monday.
CWST
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 6.81) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Friday close, or at least above 6.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 6.80 are ideal for aggressive entry.
TAHO
B/O scan. I like it long back over 8.54 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 tepid sign for new buys. Exiting below 8 on fails after trigger entry is possibly advisable. Early r/g buy?
TERP
Bullish Engulfing. I like this long over 13.91/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 too far away to use for stops. Ideally stays above 13.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
BIOL
In play both ways. As a long on continuation of momentum above 1.20/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/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 1.20. The fade is more likely given the price action on Friday, but keep an open mind.
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Watch again for a possible fade gravy entry. Fell almost 4% Friday but still up a bunch.
HART
First red day Supernovae. Finished red over 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 plausible 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 moderate, range larger. Middling short signals at best on those counts, but watch it.
UBIQ
Remaking my Supernovae scan, this rose again over 7% Friday and is still up a lot, possible fade Monday.
CWST
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 6.81) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Friday close, or at least above 6.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 6.80 are ideal for aggressive entry.
TAHO
B/O scan. I like it long back over 8.54 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 tepid sign for new buys. Exiting below 8 on fails after trigger entry is possibly advisable. Early r/g buy?
TERP
Bullish Engulfing. I like this long over 13.91/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 too far away to use for stops. Ideally stays above 13.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
BIOL
In play both ways. As a long on continuation of momentum above 1.20/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/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 1.20. The fade is more likely given the price action on Friday, but keep an open mind.
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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