GLYC
Watch yet again. A popped Supernovae that rose on a gap up with some indecisiveness after a sell session. See my previous comments and watch for a fade on a dump.
TRQ
B/O scan. I like it long back over 2.91 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. Decent volume on the rise, a suspect sign for new buys. Exiting below 2.80 on fails after trigger entry is possibly advisable. Early r/g buy?
RARX
Bullish Engulfing. I like this long over 25.12/holds. Modest volume on the rise, which is a fair 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 24.48 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
ADPTQ
In play both ways. As a long on continuation of momentum above 1.54/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.40/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 1.47. The fade is more likely given the price action on Wednesday, but keep an open mind.
(No chart.)
SKT
Parabolic Sar scan. I like it long over 26.60 and holds. Moderate volume on the rise Wednesday, a fair sign for new longs. Place a stop under the close Wednesday or the 1st 30 minute low Thursday. 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.
LTRPA
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 12.65/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 12.65 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which may mean overt buy interest is still arriving, suggesting reversal upwards may be delayed.
MRVL
I like this short on over extension on a gap and crap top fish or better a fall fail back under 16.75/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 17 and keeps going a bit. Stops above today's high at worst. No longs, keep flat on upside.
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Watch yet again. A popped Supernovae that rose on a gap up with some indecisiveness after a sell session. See my previous comments and watch for a fade on a dump.
TRQ
B/O scan. I like it long back over 2.91 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. Decent volume on the rise, a suspect sign for new buys. Exiting below 2.80 on fails after trigger entry is possibly advisable. Early r/g buy?
RARX
Bullish Engulfing. I like this long over 25.12/holds. Modest volume on the rise, which is a fair 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 24.48 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
ADPTQ
In play both ways. As a long on continuation of momentum above 1.54/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.40/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 1.47. The fade is more likely given the price action on Wednesday, but keep an open mind.
(No chart.)
SKT
Parabolic Sar scan. I like it long over 26.60 and holds. Moderate volume on the rise Wednesday, a fair sign for new longs. Place a stop under the close Wednesday or the 1st 30 minute low Thursday. 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.
LTRPA
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 12.65/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 12.65 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest buy volume, which may mean overt buy interest is still arriving, suggesting reversal upwards may be delayed.
MRVL
I like this short on over extension on a gap and crap top fish or better a fall fail back under 16.75/holds. Avoid big gap downs. Also short on confirmed weakness cues or panic dumps at any time, possibly scalping. Keep in mind many plays like this go on longer than anticipated; it would not surprise me if it overtakes 17 and keeps going a bit. Stops above today's high at worst. No longs, keep flat on upside.
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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