RCAR
Watch still once more. Still up a lot and near previous highs. Recent Supernovae possible fade on weakness see my comments from last time.
KAYS
Up a ton again but a possible short. Recent red session Supernovae.
NVCN
Watch again. Rose more today and still up a lot for a possible fade. Recent Supernovae still maturing.
AKAO
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume big 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.
ESSI
In play both ways. As a long on continuation of momentum above 3.49/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.31/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 3.31. The fade is more likely given the price action on Monday, but keep an open mind.
APRI
B/O scan. I like it long back over 1.80 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. Big volume on the rise, a poor sign for new buys. Exiting below 1.50 on fails after trigger entry is possibly advisable. Early r/g buy?
FLO
Red floater candle scan return. Idea is to play for more down side on day 2. Closed down a bit over 2.5% on Monday off a gap down open that ended below the debut. Stop just above the Monday session high (19.30) 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. Moderate sell volume on Monday means it may have unclear chances to work. A 19 fail may be ideal. Avoid big gaps/longs. Panic dump?
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Watch still once more. Still up a lot and near previous highs. Recent Supernovae possible fade on weakness see my comments from last time.
KAYS
Up a ton again but a possible short. Recent red session Supernovae.
NVCN
Watch again. Rose more today and still up a lot for a possible fade. Recent Supernovae still maturing.
AKAO
New Supernovae scan return. A 2 day move up which closed under the highs and above the open. Volume big 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.
ESSI
In play both ways. As a long on continuation of momentum above 3.49/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.31/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 3.31. The fade is more likely given the price action on Monday, but keep an open mind.
APRI
B/O scan. I like it long back over 1.80 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. Big volume on the rise, a poor sign for new buys. Exiting below 1.50 on fails after trigger entry is possibly advisable. Early r/g buy?
Red floater candle scan return. Idea is to play for more down side on day 2. Closed down a bit over 2.5% on Monday off a gap down open that ended below the debut. Stop just above the Monday session high (19.30) 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. Moderate sell volume on Monday means it may have unclear chances to work. A 19 fail may be ideal. Avoid big gaps/longs. Panic dump?
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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