Monday, December 28, 2015

Watchers for the 12-29-15 trading session


Once more watch this recent red session Supernovae. Fell a bit but still up a lot. Be careful on this one, though. See my previous comments.


First red day Supernovae. Finished red a bit over 9.5% last time, so more down side might barely 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 likely given the sizable 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 wider. Mixed short signals at best on those counts, but watch it.


Another initial red session Supernovae. See my comments for the above stock, which resemble those here. Fell only 3% though on low volume so I like the chances better here.


Finished unchanged. See my previous comments. Possible short of recent reddened Supernovae. 


Watch again, this recent red day Supernovae fell a bit today but on modest volume and it might yet have a bit more. Still up a lot. 


New Supernovae scan return. A 5 day move up which closed under the highs and above the open. Volume near highs Monday. 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 Tuesday 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, which this resembles. A 1 day move up on volume, though. I like the former stock more, accordingly.

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:

No comments: