SNGX
Supernovae, still maturing. See my last comments. Up over 21.5% on moderate volume. Possible fade.
RWLK
Another rapidly maturing Supernovae. See my previous comments. Closed under the open on a gap up with modest volume. Possible fade.
RLOC
First red day Supernovae. Finished red under 4% 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 moderate red result of Monday. 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 larger. Mixed short signals at best on those counts, but watch it.
FXCM
Another initial red session Supernovae. See my comments for the above stock. Fell under 4% on modest volume. Possible short.
ASYS
In play both ways. As a long on continuation of momentum above 8.40/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 8/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 8.31. The fade is more likely given the price action on Monday, but keep an open mind.
CUR
B/O scan. I like it long back over 1.20 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 1.15 on fails after trigger entry is possibly advisable. Early r/g buy?
EMO
Bullish Engulfing. I like this long over 10.75/holds. Moderate volume on the rise, which is a neutral 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 10.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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Supernovae, still maturing. See my last comments. Up over 21.5% on moderate volume. Possible fade.
RWLK
Another rapidly maturing Supernovae. See my previous comments. Closed under the open on a gap up with modest volume. Possible fade.
RLOC
First red day Supernovae. Finished red under 4% 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 moderate red result of Monday. 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 larger. Mixed short signals at best on those counts, but watch it.
FXCM
Another initial red session Supernovae. See my comments for the above stock. Fell under 4% on modest volume. Possible short.
ASYS
In play both ways. As a long on continuation of momentum above 8.40/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 8/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 8.31. The fade is more likely given the price action on Monday, but keep an open mind.
CUR
B/O scan. I like it long back over 1.20 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 1.15 on fails after trigger entry is possibly advisable. Early r/g buy?
EMO
Bullish Engulfing. I like this long over 10.75/holds. Moderate volume on the rise, which is a neutral 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 10.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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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