Sunday, January 24, 2016

Watchers for the 1-25-16 trading session


Supernovae still maturing. Advanced almost 39% Friday. See my previous comments. Possible fade.


New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 1.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1. Needs to keep above the Friday close, or at least above 1 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.08 are ideal for aggressive entry.


In play both ways. As a long on continuation of momentum above 1.11/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/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 1.10 The fade is more likely given the price action on Friday, but keep an open mind.


B/O scan. I like it long back over 9.69 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a suspect sign for new buys. Exiting below 9 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 12.49/holds. Moderate volume on the rise, which is a tepid 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 Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 12 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


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 open alternatively instead. Trigger is above the high of last time, here above 23.79/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 23.75 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low buy volume, which may mean overt buy interest is just developing, suggesting reversal upwards is not clear yet.


I like this long on a break out over 20.15/holds. Or on a spike up at or near the gun as a scalp buy. Keep flat on after the noise candle bearish price action or on morning panic dumps. Watch for a early pseudo weakness with a a red to green move to purchase into. Avoid all big gaps and shorts. Possible short squeeze over the trigger. Sizable volume gap up debut large rise on Friday. Requires constant monitoring. Stops just under 24 is one risk managing approach, since a fail back under indicates failure on the buy. 

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