SNGX
Watch once more. A burst Supernovae. More redness early possible. This rose sharply Thursday.
RWLK
Another up day Thursday, Supernovae, still maturing. Possible short on weakness.
RLOC
Again one more look for a fade on weakness. Rose Thursday but still up a lot. A recent red session Supernovae. Near previous highs before the modest falterings.
CNIT
Supernovae, still maturing. See my previous comments, still in play. Up less than 4% Thursday.
AZUR
First red day Supernovae. Finished red a bit over 7% 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 moderately likely given the decent 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 large, range lesser. Mixed short signals at best on those counts, but watch it.
GNK
In play both ways. As a long on continuation of momentum above 1.55/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 1.55. The fade is more likely given the price action on Thursday, but keep an open mind.
OHRP
Bullish Engulfing. I like this long over 5.66/holds. Large volume on the rise, which is a poor 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 Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 5.50 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:
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The blog has a terms of service. Be sure to read it at:
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Watch once more. A burst Supernovae. More redness early possible. This rose sharply Thursday.
RWLK
Another up day Thursday, Supernovae, still maturing. Possible short on weakness.
RLOC
Again one more look for a fade on weakness. Rose Thursday but still up a lot. A recent red session Supernovae. Near previous highs before the modest falterings.
CNIT
Supernovae, still maturing. See my previous comments, still in play. Up less than 4% Thursday.
AZUR
First red day Supernovae. Finished red a bit over 7% 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 moderately likely given the decent 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 large, range lesser. Mixed short signals at best on those counts, but watch it.
GNK
In play both ways. As a long on continuation of momentum above 1.55/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 1.55. The fade is more likely given the price action on Thursday, but keep an open mind.
OHRP
Bullish Engulfing. I like this long over 5.66/holds. Large volume on the rise, which is a poor 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 Thursday's close, too. The low on that day is too far away to use for stops. Ideally stays above 5.50 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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