RWLK
Watch again see my previous comments. A recent initial red session Supernovae. Rose under 2.5% today on light volume.
RLOC
Still up a lot near the close on 12-18. Up almost 1% today. Potential short, see my previous comments on this recent Supernovae.
VPCO
Supernovae, still maturing. See my previous comments. Potential fade. Ended up over 27% on peak volume.
VKTX
First red day Supernovae. Finished red a bit over 12.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 Tuesday. 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 modest, range greater. Mixed short signals at best on those counts, but watch it.
REXI
In play both ways. As a long on continuation of momentum above 6.32/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6/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 6.32. The fade is more likely given the price action on Tuesday, but keep an open mind.
SCON
B/O scan. I like it long back over 0.32 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Huge volume on the rise, a poor sign for new buys. Exiting below 0.30 on fails after trigger entry is possibly advisable. Early r/g buy?
ARC
Bullish Engulfing. I like this long over 4.49/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 4.40 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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Watch again see my previous comments. A recent initial red session Supernovae. Rose under 2.5% today on light volume.
RLOC
Still up a lot near the close on 12-18. Up almost 1% today. Potential short, see my previous comments on this recent Supernovae.
VPCO
Supernovae, still maturing. See my previous comments. Potential fade. Ended up over 27% on peak volume.
VKTX
First red day Supernovae. Finished red a bit over 12.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 Tuesday. 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 modest, range greater. Mixed short signals at best on those counts, but watch it.
REXI
In play both ways. As a long on continuation of momentum above 6.32/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6/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 6.32. The fade is more likely given the price action on Tuesday, but keep an open mind.
SCON
B/O scan. I like it long back over 0.32 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Huge volume on the rise, a poor sign for new buys. Exiting below 0.30 on fails after trigger entry is possibly advisable. Early r/g buy?
ARC
Bullish Engulfing. I like this long over 4.49/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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 4.40 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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