Wednesday, March 08, 2017

Watchers for the 3-9-17 trading session


Watch yet again. A big up day and still up lots. Possible gravy fade of a recent popped Supernovae.


Again watch this. A recent popped Supernovae that rose today but still might give a late gravy fade. Up tons.


Supernovae, still maturing. See my previous comments. Possible short.


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 0.65) and holds. Avoid shorts, keep flat on true weakness. Nice move above 0.60. Needs to keep above the Wednesday close, or at least above 0.60 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 0.65 are ideal for aggressive entry.


B/O scan. I like it long back over 1.15 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. Big volume on the rise, a poor sign for new buys. Exiting below 1.00 on fails after trigger entry is possibly advisable. Early r/g buy?


Bullish Engulfing. I like this long over 9.96/holds. Moderate volume on the rise, which is a neutral 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 Thursday. More conservatively a stop placed under Wednesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 8.78 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


Hammer scan short. The tail is not too long to use the high as a stop level unless the position is very large. Can use a bit above Wednesday's close for risk control. Trigger is below the low of last time, here under 14.26/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 14.36 let it test/hold/fall from there 1st before entering. No longs. Stop above Wednesday's high at the most if more aggressive.

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