Tuesday, October 04, 2016

Watchers for the 10-5-16 trading session


New Supernovae scan return. A 5+ 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.


Once more watch. Nearly back to highs with less volume, still up a lot. Potential fade of recent Supernovae.

(No chart).


One more time, ended unchanged today. Recent Supernovae now going sideways. Could easily power even higher first if the volume yields any clue. Don't be stubborn on stops.


First red day Supernovae. Finished red over 12% last time, so more down side might not be in the cards. If it had fallen less more than 10% then more 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 likely given the large red result of Friday. 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 sizable, range bigger. Poor short signals at best but watch it.


Another newly reddened Supernovae, see my comments for the above stock, which this one resembles. Potential fade.


Supernovae, still maturing. Up almost 24.5% today. See my previous comments, possible fade on weakness.


See NVFY stock which this resembles. Potential short making Supernovae scan with down session today.

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:


No comments: