Sunday, March 13, 2016

Watchers for the 3-14-16 trading session

GBIM

New Supernovae scan return. A 1 day move up which closed under the highs and above the open. Volume large Friday. 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 Monday 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.


VCEL

Another new Supernovae. See my comments for the above stock for general approach tips. Ended below open but positive via the gapper on a 2 day move after a huge gap up.


ARO

Watch again. Another up session with possible fade option on weakness.


TTII

Finally fell over 12% Friday. Possible on encore on weakness.


NVIV

Another up session but still up tons. Possible fade on weakness again. See my previous comments.


BBG

Watch once more for a fade on weakness. Rose over 9% and still up tons. Recent Supernovae.


SZYM

In play both ways. As a long on continuation of momentum above 2/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.90/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 2. The fade is more likely given the price action on Friday, but keep an open mind.


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