Monday, April 03, 2017

Watchers for the 4-4-17 trading session

BCLI

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 5.10) and holds. Avoid shorts, keep flat on true weakness. Nice move above 4.50. Needs to keep above the Monday close, or at least above 4.71 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 5 are ideal for aggressive entry.



BBRY

Red floater scan return. Idea is to play for more, real down side on day 2. Closed up over 10.5% on Monday off a gap up open that ended below the debut. Stop just above the Monday session high (7.89) 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 volume on Monday means it may have some chances to work. A 7.75 fail may be ideal. Avoid big gaps/longs. Panic dump?



CYCC

In play both ways. As a long on continuation of momentum above 6.59/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6/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 6.42. The fade is more likely given the price action on Monday, but keep an open mind.



MACK

B/O scan. I like it long back over 3.34 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 3.20 on fails after trigger entry is possibly advisable. Early r/g buy?



TWM

Bullish Engulfing. I like this long over 22.98/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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is arguably not too far away to use for stops. Ideally stays above 22.37 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.



HTLD

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 Monday's open for risk control. Trigger is below the low of last time, here under 19.91/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger or 20.05 let it test/hold/fall from there 1st before entering. No longs. Stop above Monday's high at the most if more aggressive. 



ANGI

Parabolic Sar scan. I like it long over 6.16 and holds. Large volume on the rise Monday, a poor sign for new longs. Place a stop under the close Monday or the 1st 30 minute low Tuesday. 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.



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