CALA
See my previous comments. Down a bit over 0.50% Thursday. Recent initial red session Supernovae. Possible fade.
GRPOF
See my previous comments. Up under 2% today. Recent initial red session Supernovae.
ZSAN
Supernovae, still maturing. See my previous comments. Up nearly 8% today.
ZENO
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume large Thursday. 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 Friday 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.
CNBX
Another new Supernovae scan, see my comments for the above play for general approach tips. 5 day move up on nearly peak volume in the advance.
CSLT
In play both ways. As a long on continuation of momentum above 3.90/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.70/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 3.85. The fade is more likely given the price action on Thursday, but keep an open mind.
BDN
Bullish Engulfing. I like this long over 16.39/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 16.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
New users: Read my trading guide for my play set-ups!
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Watch my instructional trading videos on YouTube:
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The blog has a terms of service. Be sure to read it at:
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See my previous comments. Down a bit over 0.50% Thursday. Recent initial red session Supernovae. Possible fade.
GRPOF
See my previous comments. Up under 2% today. Recent initial red session Supernovae.
ZSAN
Supernovae, still maturing. See my previous comments. Up nearly 8% today.
ZENO
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume large Thursday. 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 Friday 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.
CNBX
Another new Supernovae scan, see my comments for the above play for general approach tips. 5 day move up on nearly peak volume in the advance.
CSLT
In play both ways. As a long on continuation of momentum above 3.90/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.70/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 3.85. The fade is more likely given the price action on Thursday, but keep an open mind.
BDN
Bullish Engulfing. I like this long over 16.39/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 16.10 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
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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