NETE
Watch again. More upside to near level highs on the move up. Possible short of recent initial red session Supernovae.
ALDX
Watch again despite modest rise after a red day. See above situation, up still a lot. Possible fade.
MRTX
First red day Supernovae. Finished red under 4% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is only somewhat likely given the modest red result of Monday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Sell volume was modest, range similar. Average at worst short signals so watch it.
CAPR
In play both ways. As a long on continuation of momentum above 1.34/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.20/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 1.32. The fade is more likely given the price action on Monday, but keep an open mind.
ETE
Bullish Engulfing. I like this long over 17.71/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 not too far away to use for stops. Ideally stays above 17.49 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
AKAO
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 close for risk control. Trigger is below the low of last time, here under 16.40/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs.
TG
Parabolic Sar scan. I like it long over 16.86 and holds. Modest volume on the rise Monday, a fair 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.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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Watch my instructional trading videos on YouTube:
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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
Watch again. More upside to near level highs on the move up. Possible short of recent initial red session Supernovae.
ALDX
Watch again despite modest rise after a red day. See above situation, up still a lot. Possible fade.
MRTX
First red day Supernovae. Finished red under 4% last time, so more down side might be in the cards. If it had fallen much more than 10% then less could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is only somewhat likely given the modest red result of Monday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Sell volume was modest, range similar. Average at worst short signals so watch it.
CAPR
In play both ways. As a long on continuation of momentum above 1.34/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 1.20/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 1.32. The fade is more likely given the price action on Monday, but keep an open mind.
ETE
Bullish Engulfing. I like this long over 17.71/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 not too far away to use for stops. Ideally stays above 17.49 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
AKAO
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 close for risk control. Trigger is below the low of last time, here under 16.40/holds. Avoid all big gaps, especially down ones. If it gaps under the trigger let it test/hold/fall from there 1st before entering. No longs.
TG
Parabolic Sar scan. I like it long over 16.86 and holds. Modest volume on the rise Monday, a fair 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.
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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