GLYC
Watch again. A popped Supernovae that rose strongly after a sell session. See my previous comments and watch for a fade on a dump.
AKS
B/O scan. I like it long back over 6.20 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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 tepid sign for new buys. Exiting below 6 on fails after trigger entry is possibly advisable. Early r/g buy?
VRS
Bullish Engulfing. I like this long over 3.92/holds. Decent volume on the rise, which is a suspect 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.81 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
BEBE
In play both ways. As a long on continuation of momentum above 4.81/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.50/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 4.67. The fade is more likely given the price action on Tuesday, but keep an open mind.
POLA
Parabolic Sar scan. I like it long over 5.40 and holds. Modest volume on the rise Tuesday, a fair sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.
WRD
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up almost 1.5% on Tuesday off a gap up open that ended below the debut. Stop just above the Monday session high (14) 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 Tuesday means it may have some chances to work. A 3.75 fail may be ideal. Avoid big gaps/longs. Panic dump?
HBMD
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 20.70) and holds. Avoid shorts, keep flat on true weakness. Nice move above 20. Needs to keep above the Tuesday close, or at least above 19 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 20.20 are ideal for aggressive entry.
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Watch again. A popped Supernovae that rose strongly after a sell session. See my previous comments and watch for a fade on a dump.
AKS
B/O scan. I like it long back over 6.20 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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 tepid sign for new buys. Exiting below 6 on fails after trigger entry is possibly advisable. Early r/g buy?
VRS
Bullish Engulfing. I like this long over 3.92/holds. Decent volume on the rise, which is a suspect 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 3.81 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
BEBE
In play both ways. As a long on continuation of momentum above 4.81/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 4.50/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 4.67. The fade is more likely given the price action on Tuesday, but keep an open mind.
POLA
Parabolic Sar scan. I like it long over 5.40 and holds. Modest volume on the rise Tuesday, a fair sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.
WRD
Red floater scan return. Idea is to play for more, real down side on day 2. Closed up almost 1.5% on Tuesday off a gap up open that ended below the debut. Stop just above the Monday session high (14) 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 Tuesday means it may have some chances to work. A 3.75 fail may be ideal. Avoid big gaps/longs. Panic dump?
HBMD
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 20.70) and holds. Avoid shorts, keep flat on true weakness. Nice move above 20. Needs to keep above the Tuesday close, or at least above 19 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 20.20 are ideal for aggressive entry.
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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