RTNB
Given the gap up on the down day, watch this now initial red session Supernovae at least once more for a drop.
UAHC
Supernovae, still maturing. See my previous comments. Another possible short on a dump.
STNG
Red floater scan return. Idea is to play for more down side on day 2. Closed down over 1.5% on Monday off a flat open that ended below the debut. Stop just above the Monday session high (4.04) 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. Low volume on Monday means it may have good chances to work. A 4 or 3.90 fail may be ideal. Avoid big gaps/longs. Panic dump?
MUX
B/O scan. I like it long back over 2.57 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. Modest volume on the rise, a fair sign for new buys. Exiting below 2.50 on fails after trigger entry is possibly advisable. Early r/g buy?
CLM
Bullish Engulfing. I like this long over 14.45/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 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 14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
PERF
In play both ways. As a long on continuation of momentum above 1.94/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.75/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 1.87. The fade is more likely given the price action on Monday, but keep an open mind.
TPH
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 close alternatively instead. Trigger is above the high of last time, here above 12.84/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 12.77 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which may mean overt buy interest is still arriving, suggesting reversal upwards may be delayed.
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Given the gap up on the down day, watch this now initial red session Supernovae at least once more for a drop.
UAHC
Supernovae, still maturing. See my previous comments. Another possible short on a dump.
STNG
Red floater scan return. Idea is to play for more down side on day 2. Closed down over 1.5% on Monday off a flat open that ended below the debut. Stop just above the Monday session high (4.04) 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. Low volume on Monday means it may have good chances to work. A 4 or 3.90 fail may be ideal. Avoid big gaps/longs. Panic dump?
MUX
B/O scan. I like it long back over 2.57 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. Modest volume on the rise, a fair sign for new buys. Exiting below 2.50 on fails after trigger entry is possibly advisable. Early r/g buy?
CLM
Bullish Engulfing. I like this long over 14.45/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 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 14 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
PERF
In play both ways. As a long on continuation of momentum above 1.94/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.75/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 1.87. The fade is more likely given the price action on Monday, but keep an open mind.
TPH
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 close alternatively instead. Trigger is above the high of last time, here above 12.84/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 12.77 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which may mean overt buy interest is 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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