Monday, January 23, 2017

Watchers for the 1-24-17 trading session


Back to well above the highs prior to the initial drop session. Watch again for a short as gravy. See previous comments. Volume rising again but still a possible fade on weakness.


A first red session Supernovae last time, this rose a bit. Watch again for another chance to fade on a tumble, still up a lot. See my previous comments. 


Supernovae, still maturing. Rose on good volume. See my comments from last time, still in effect. Short possible on weakness.


Rose again on modest volume off a big gap up. Watch again with caution. Risky, but possible fade gravy on weakness. Recent initial down session Supernovae. 


Supernovae, still maturing. See my previous comments. Closed under the open but off a gap up.


In play both ways. As a long on continuation of momentum above 2.50/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.25/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 2.44. The fade is more likely given the price action on Monday, but keep an open mind.


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 12.75) and holds. Avoid shorts, keep flat on true weakness. Nice move above 11.50. Needs to keep above the Monday close, or at least above 12 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 12.23 are ideal for aggressive entry.

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