CNIT
Watch again this recent initial red session Supernovae. Still up a ton.
LLEX
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume near highs Thursday. 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 Friday 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.
HPJ
In play both ways. As a long on continuation of momentum above 3.40/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.25/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 3.40. The fade is more likely given the price action on Thursday, but keep an open mind.
NVIV
Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit under 2.5% on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (11.80) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Decent sell volume on Thursday means it may have unclear chances to work. An 11.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
FLWS
B/O scan. I like it long back over 8.17 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a mediocre sign for new buys. Exiting below 8 on fails after trigger entry is possibly advisable. Early r/g buy?
AB
Bullish Engulfing. I like this long over 23.99/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 23.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
CLMT
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 24.99/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 24.74 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate sell volume, which may mean overt buy interest is still developing, suggesting reversal north is unclear.
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
Watch again this recent initial red session Supernovae. Still up a ton.
LLEX
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume near highs Thursday. 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 Friday 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.
HPJ
In play both ways. As a long on continuation of momentum above 3.40/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.25/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 3.40. The fade is more likely given the price action on Thursday, but keep an open mind.
NVIV
Red floater scan return. Idea is to play for more down side on day 2. Closed down a bit under 2.5% on Thursday off a gap up open that ended below the debut. Stop just above the Thursday session high (11.80) to cap losses on head fake fade entries. I'm only into the shorting possibility if it surfaces, keeping flat on strength. Also a short on heavy volume dumps/confirmed weakness cues. Decent sell volume on Thursday means it may have unclear chances to work. An 11.50 fail may be ideal. Avoid big gaps/longs. Panic dump?
FLWS
B/O scan. I like it long back over 8.17 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Medium volume on the rise, a mediocre sign for new buys. Exiting below 8 on fails after trigger entry is possibly advisable. Early r/g buy?
AB
Bullish Engulfing. I like this long over 23.99/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 Friday. More conservatively a stop placed under Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 23.50 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
CLMT
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 24.99/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 24.74 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate sell volume, which may mean overt buy interest is still developing, suggesting reversal north is unclear.
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
No comments:
Post a Comment