AMMJ
First red day Supernovae. Finished red over 7.5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is moderately likely given the decent red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was high, range fairly wide, too. Weak and unclear short signals but watch it.
NDEV
Another initial red day Supernovae. See my comments above, roughly applicable here. Fell over 4% on big volume.
HADV
Again watch a possible fade on weakness. Ended up almost 9% and still up a lot.
VNRBP
Rose a tad but still up a lot. See my previous comments and watch again for a fade on weakness.
CTRV
Supernovae, still maturing. See my previous comments and watch for a fade on weakness. Almost unchanged.
CBDS
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume large Tuesday. 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 Wednesday 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.
CGRW
Another new Supernovae. See my comments for CBDS above. Similar approach.
LINEQ
Another new Supernovae. See my comments for CBDS above. Similar approach.
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First red day Supernovae. Finished red over 7.5% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is moderately likely given the decent red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was high, range fairly wide, too. Weak and unclear short signals but watch it.
NDEV
Another initial red day Supernovae. See my comments above, roughly applicable here. Fell over 4% on big volume.
HADV
Again watch a possible fade on weakness. Ended up almost 9% and still up a lot.
VNRBP
Rose a tad but still up a lot. See my previous comments and watch again for a fade on weakness.
CTRV
Supernovae, still maturing. See my previous comments and watch for a fade on weakness. Almost unchanged.
CBDS
New Supernovae scan return. A 3 day move up which closed under the highs and above the open. Volume large Tuesday. 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 Wednesday 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.
CGRW
Another new Supernovae. See my comments for CBDS above. Similar approach.
LINEQ
Another new Supernovae. See my comments for CBDS above. Similar approach.
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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