Thursday, February 09, 2017

Watchers for the 2-10-17 trading session


Almost unchanged but volume is falling. See my previous words. Watch once more for a dump.


Finished unchanged. See my previous comments and watch once more for a dump fade.


See my previous comments. Down a bit over 1.5% today. Recent initial red session Supernovae. Possible fade.


Doji print, so watch again for a possible gravy fade. Unlikely given the deep fall preceding today.


In play both ways. As a long on continuation of momentum above 7.80/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 7/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 7.35. The fade is more likely given the price action on Thursday, 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 4.35) and holds. Avoid shorts, keep flat on true weakness. Nice move above 4. Needs to keep above the Wednesday close, or at least above 4.15 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 4.30 are ideal for aggressive entry.


B/O scan. I like it long back over 1.11 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. Modest volume on the rise, a fair sign for new buys. Exiting below 1.05 on fails after trigger entry is advisable. Early r/g buy?

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