DRWI
Supernovae, still maturing. Watch again, up tons Tuesday.
SKYS
Another new Supernovae, reddening in effect today on the scan appearance, Treat as such, possible fade.
TRXC
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 5.25) and holds. Avoid shorts, keep flat on true weakness. Nice move above 5. Needs to keep above the Tuesday close, or at least above 5 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 5.20 are ideal for aggressive entry.
FNMAS
B/O scan. I like it long back over 3.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is perhaps not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a decent sign for new buys. Exiting below 3.15 on fails after trigger entry is possibly advisable. Early r/g buy?
SN
Bullish Engulfing. I like this long over 5.37/holds. Moderate volume on the rise, which is a middling 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 5.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
GBX
In play both ways. As a long on continuation of momentum above 28/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 27/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 28. The fade is more likely given the price action on Tuesday, but keep an open mind.
DERM
I like this long on a break out over 23/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. Modest volume gap up debut sizable rise on Tuesday. Requires constant monitoring. Stops just under 22.50 is one risk managing approach, since a fail back under indicates failure on the buy.
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Supernovae, still maturing. Watch again, up tons Tuesday.
SKYS
Another new Supernovae, reddening in effect today on the scan appearance, Treat as such, possible fade.
TRXC
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 5.25) and holds. Avoid shorts, keep flat on true weakness. Nice move above 5. Needs to keep above the Tuesday close, or at least above 5 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 5.20 are ideal for aggressive entry.
FNMAS
B/O scan. I like it long back over 3.25 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is perhaps not too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Modest volume on the rise, a decent sign for new buys. Exiting below 3.15 on fails after trigger entry is possibly advisable. Early r/g buy?
SN
Bullish Engulfing. I like this long over 5.37/holds. Moderate volume on the rise, which is a middling 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for stops. Ideally stays above 5.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
GBX
In play both ways. As a long on continuation of momentum above 28/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 27/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 28. The fade is more likely given the price action on Tuesday, but keep an open mind.
DERM
I like this long on a break out over 23/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. Modest volume gap up debut sizable rise on Tuesday. Requires constant monitoring. Stops just under 22.50 is one risk managing approach, since a fail back under indicates failure on the buy.
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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