Sunday, September 11, 2016

Watchers for the 9-12-16 trading session


See my previous comments, unchanged new Supernovae. Potential short.


B/O scan. I like it long back over 7.60 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a poor sign for new buys. Exiting below 7.35 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 1.66/holds. Low volume on the rise, which is a good 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 Friday. More conservatively a stop placed under Friday's close, too. The low on that day is too far away to use for stops. Ideally stays above 1.57 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


Red floater scan return. Idea is to play for more down side on day 2. Closed down over 1.5% on Friday off a gap down open that ended below the debut. Stop just above the Friday session high (7.80) 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. Medium sell volume on Friday means it may have unclear chances to work. A 7.50 fail may be ideal. Avoid big gaps/longs. Panic dump?


Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very  large. Can use a bit above Friday's open for risk control. Trigger is below the low of last time, here under 15.79/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs. Stop above Friday's high at the most if more aggressive. 


I like this long on a break out over 3.98/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. Big volume gap up rise on Friday. Requires constant monitoring. Stops just under 3.75 is one risk managing approach, since a fail back under indicates failure on the buy. 


Parabolic Sar scan. I like it long over 6.09 and holds. Large volume on the rise Friday, a poor sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.

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