Thursday, December 29, 2016

Watchers for the 12-30-16 trading session


Once more watch this recent Supernovae with dropping volume. Nearly unchanged  today. Obey tight stops. Fade on weakness.


Rose today, but still up so much it merits at least one more look tomorrow. Possible fade on fails.


Same here. Rose but still up a lot. Recent red session Supernovae. Watch for gravy fade.


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 7.20) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6.50. Needs to keep above the Thursday close, or at least above 6.75 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 7.02 are ideal for aggressive entry.


B/O scan. I like it long back over 3.64 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Thursday or the 1st 30 minute low of Friday. Avoid all shorts and all big gaps. The low on Thursday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Moderate volume on the rise, a tepid sign for new buys. Exiting below 3.50 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 14.86/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 Thursday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.60 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


Red candle floater scan return. Idea is to play for more down side on day 2. Closed down almost 4.5% on Thursday off a gap down open that ended below the debut. Stop just above the Thursday session high (5.71) 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. Low sell volume on Thursday means it may have some chances to work. A 5 fail may be ideal. Avoid big gaps/longs. Panic dump?

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