CAI
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 19.37) and holds. Avoid shorts, keep flat on true weakness. Nice move above 19. Needs to keep above the Friday close, or at least above 18 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 18.57 are ideal for aggressive entry.
RMTI
Red floater scan return. Idea is to play for more down side on day 2. Closed almost 4% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (8.65) 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. Modest sell volume on Friday means it may have some chances to work. An 8 fail may be ideal. Avoid big gaps/longs. Panic dump?
FNMAS
B/O scan. I like it long back over 7 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 neutral sign for new buys. Exiting below 6.75 on fails after trigger entry is possibly advisable. Early r/g buy?
DRE
Bullish Engulfing. I like this long over 27.81/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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 27.62 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
CVTI
Parabolic Sar scan. I like it long over 19.71 and holds. Big volume on the rise Friday, a poor sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
AKTX
In play both ways. As a long on continuation of momentum above 21.86/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 20/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 20.50. The fade is more likely given the price action on Friday, but keep an open mind.
GRBK
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 10.03/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.95 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which may mean overt buy interest still arriving, suggesting reversal upwards may be delayed.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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The blog has a terms of service. Be sure to read it at:
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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 19.37) and holds. Avoid shorts, keep flat on true weakness. Nice move above 19. Needs to keep above the Friday close, or at least above 18 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 18.57 are ideal for aggressive entry.
RMTI
Red floater scan return. Idea is to play for more down side on day 2. Closed almost 4% on Friday off a gap up open that ended below the debut. Stop just above the Friday session high (8.65) 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. Modest sell volume on Friday means it may have some chances to work. An 8 fail may be ideal. Avoid big gaps/longs. Panic dump?
FNMAS
B/O scan. I like it long back over 7 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 neutral sign for new buys. Exiting below 6.75 on fails after trigger entry is possibly advisable. Early r/g buy?
DRE
Bullish Engulfing. I like this long over 27.81/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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 27.62 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
CVTI
Parabolic Sar scan. I like it long over 19.71 and holds. Big volume on the rise Friday, a poor sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. Keep flat on all big gaps and avoid shorts. Long too on spiking up at or near the gun as a scalp. If it gaps over the trigger a bit, wait for a test/hold/perk to enter.
AKTX
In play both ways. As a long on continuation of momentum above 21.86/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 20/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 20.50. The fade is more likely given the price action on Friday, but keep an open mind.
GRBK
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session open alternatively instead. Trigger is above the high of last time, here above 10.03/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 9.95 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which may mean overt buy interest still arriving, suggesting reversal upwards may be delayed.
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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