Monday, February 08, 2016

Watchers for the 2-9-16 trading session


See my previous comments again. Ended down Monday. Possible fade on weakness. Still up a lot.


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 0.529) and holds. Avoid shorts, keep flat on true weakness. Nice move above 1.40. Needs to keep above the Friday close, or at least above 1.40 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 1.49 are ideal for aggressive entry.


Red floater scan return. Idea is to play for more, real down side on day 2. Closed up a bit under 2% on Monday off a gap up open that ended below the debut. Stop just above the Monday session high (2.85) 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. Modest buy volume on Monday means it may have some chances to work. A 2.60 fail may be ideal. Avoid big gaps/longs. Panic dump?


I like this long on a break out over 3.97/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 fair rise on Monday. Requires constant monitoring. Stops just under 3.75  is one risk managing approach, since a fail back under indicates failure on the buy. 


B/O scan. I like it long back over 9.40 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Decent 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 12.85/holds. Low volume on the rise, which is a fair 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops. Ideally stays above 12.25 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 close alternatively instead. Trigger is above the high of last time, here above 9.06/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.01 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is not yet developing, suggesting reversal north is unclear.

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