CPXX
Still up tons. Watch for possible fade gravy but be careful and obey stops.
CBDS
And again, watch this for fade gravy. Fell a lot today, though. Strong chance of a bounce as well, though it's still up enough that more might be waiting.
CDRB
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume modest Monday. 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 Tuesday 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.
TRTC
Another new Supernovae. See my comments for the above stock, which this resembles, for possible approaches. Also 3 up days, but peak volume so that might help shorts.
EVLV
B/O scan. I like it long back over 1.02 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. Solid volume on the rise, an unclear sign for new buys. Exiting below 0.95 on fails after trigger entry is possibly advisable. Early r/g buy?
KATE
Bullish Engulfing. I like this long over 24.75/holds. Modest 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 not too far away to use for stops. Ideally stays above 24.05 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SYMX
In play both ways. As a long on continuation of momentum above 1.24/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10/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 1.24. The fade is more likely given the price action on Monday, but keep an open mind.
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Still up tons. Watch for possible fade gravy but be careful and obey stops.
CBDS
And again, watch this for fade gravy. Fell a lot today, though. Strong chance of a bounce as well, though it's still up enough that more might be waiting.
CDRB
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume modest Monday. 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 Tuesday 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.
TRTC
Another new Supernovae. See my comments for the above stock, which this resembles, for possible approaches. Also 3 up days, but peak volume so that might help shorts.
EVLV
B/O scan. I like it long back over 1.02 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. Solid volume on the rise, an unclear sign for new buys. Exiting below 0.95 on fails after trigger entry is possibly advisable. Early r/g buy?
KATE
Bullish Engulfing. I like this long over 24.75/holds. Modest 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 not too far away to use for stops. Ideally stays above 24.05 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
SYMX
In play both ways. As a long on continuation of momentum above 1.24/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.10/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 1.24. The fade is more likely given the price action on Monday, but keep an open mind.
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
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