Sunday, January 29, 2017

Watchers for the 1-30-17 trading session


Once more watch for a fade, see previous comments. Volume dropping, and risky but still up a lot.


Similar situation here. Possible fade on weakness but even riskier.


Supernovae, still maturing. See my previous comments, potential short on weakness.


In play both ways. As a long on continuation of momentum above 1.56/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.40/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 1.54. The fade is more likely given the price action on Friday, 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 2.25) and holds. Avoid shorts, keep flat on true weakness. Nice move above 2. Needs to keep above the Friday close, or at least above 2 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 2.15 are ideal for aggressive entry.


B/O scan. I like it long back over 1.13 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday 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 1 on fails after trigger entry is possibly advisable. Early r/g buy?


I like this short on over extension on a gap and crap top fish or better a fall fail back under 1.90/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 2 and keeps going a bit. Stops above today's high at worst. 

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