HOTRW
First red day Supernovae. Finished unchanged last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is nominally likely given the even result of Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was large, range wider. Unclear to tepid at best short signals but watch it.
PULM
Making my Supernovae scan again. Possible fade on weakness.
CAMT
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 3.65) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Wednesday close, or at least above 3.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.63 are ideal for aggressive entry.
CALA
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 1% on Wednesday off a gap up open that ended below the debut. Stop just above the Wednesday session high (7.25) 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 Wednesday means it may have some chances to work. A 7 fail may be ideal. Avoid big gaps/longs. Panic dump?
INFI
In play both ways. As a long on continuation of momentum above 2.55/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.40/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 2.51. The fade is more likely given the price action on Wednesday, but keep an open mind.
ADHD
B/O scan. I like it long back over 1.33 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Sizable volume on the rise, a weak sign for new buys. Exiting below 1.20 on fails after trigger entry is possibly advisable. Early r/g buy?
MGP
Bearish Engulfing. I like it short below the low (25.73) of Wednesday. Low volume on the drop, which is a good sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 26 on any pull ups to stay viable as a short. Avoid all big gaps/longs.
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:
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The blog has a terms of service. Be sure to read it at:
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First red day Supernovae. Finished unchanged last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is nominally likely given the even result of Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was large, range wider. Unclear to tepid at best short signals but watch it.
PULM
Making my Supernovae scan again. Possible fade on weakness.
CAMT
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 3.65) and holds. Avoid shorts, keep flat on true weakness. Nice move above 3.50. Needs to keep above the Wednesday close, or at least above 3.50 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 3.63 are ideal for aggressive entry.
CALA
Red floater scan return. Idea is to play for more down side on day 2. Closed down almost 1% on Wednesday off a gap up open that ended below the debut. Stop just above the Wednesday session high (7.25) 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 Wednesday means it may have some chances to work. A 7 fail may be ideal. Avoid big gaps/longs. Panic dump?
INFI
In play both ways. As a long on continuation of momentum above 2.55/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 2.40/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 2.51. The fade is more likely given the price action on Wednesday, but keep an open mind.
ADHD
B/O scan. I like it long back over 1.33 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Wednesday or the 1st 30 minute low of Thursday. Avoid all shorts and all big gaps. The low on Wednesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Sizable volume on the rise, a weak sign for new buys. Exiting below 1.20 on fails after trigger entry is possibly advisable. Early r/g buy?
MGP
Bearish Engulfing. I like it short below the low (25.73) of Wednesday. Low volume on the drop, which is a good sign for new sellers. Keep flat on real strength aside from a typical green to red move, etc. Stops just above the high last time or the initial 30 minute one on Thursday. More conservatively a stop placed above Wednesday's close, too. The high on that day is not too far away to use for risk control via stops. Ideally keeps under 26 on any pull ups to stay viable as a short. Avoid all big gaps/longs.
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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