ITUS
First red day Supernovae. Finished red under 13% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 moderately likely given the big red result of Wednesday. 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 medium, range moderate. Average to mixed short signals at best but watch it.
INPX
Another first red day Supernovae scan. See above. Fell over 17% today.
IZEA
See above. Similar plan. Possible gravy fade of reddened Supernovae.
ARDM
See above. Similar plan. Possible gravy fade of reddened Supernovae.
HMNY
Again, same thing here. See above. Possible short still up lots.
CAPR
And again, watch once more. Up still a lot. Low volume, could easily bounce. Possible fade.
OPGN
B/O scan. I like it long back over 0.33 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. Moderate volume on the rise, a mediocre sign for new buys. Exiting below 0.30 on fails after trigger entry is possibly advisable. Early r/g buy?
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First red day Supernovae. Finished red under 13% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more 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 moderately likely given the big red result of Wednesday. 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 medium, range moderate. Average to mixed short signals at best but watch it.
INPX
Another first red day Supernovae scan. See above. Fell over 17% today.
IZEA
See above. Similar plan. Possible gravy fade of reddened Supernovae.
ARDM
See above. Similar plan. Possible gravy fade of reddened Supernovae.
Again, same thing here. See above. Possible short still up lots.
CAPR
And again, watch once more. Up still a lot. Low volume, could easily bounce. Possible fade.
OPGN
B/O scan. I like it long back over 0.33 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. Moderate volume on the rise, a mediocre sign for new buys. Exiting below 0.30 on fails after trigger entry is possibly advisable. Early r/g buy?
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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