Thursday, March 10, 2016

Watchers for the 3-11-16 trading session


Watch again. Ended up a tad but up tons after an initial red session Supernovae.


Another up session, possible fade. See my previous comments.


Watch again for another fade chance option. Fell today a recent red session Supernovae.


Watch once more for a fade on weakness. Fell today but still up tons. Recent Supernovae.


Watch once more. Doji print might have one more down day in it, up a lot still.


In play both ways. As a long on continuation of momentum above 1.09/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 1.05. The fade is more likely given the price action on Thursday, but keep an open mind.


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 8.97) and holds. Avoid shorts, keep flat on true weakness. Nice move above 8.50. Needs to keep above the Thursday close, or at least above 8.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 8.95 are ideal for aggressive entry.

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