Monday, December 11, 2017

Watchers for the 12-12-17 trading session


First red day Supernovae. Finished red over 53.5% 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 very likely given the sizable 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 low, range wider. Barely plausible to modest signals at best but watch it.


Another initial red session Supernovae. See my comments above for approach tips. Big down day.


Supernovae, still maturing. See my previous comments, up tons on volume today. Possible short.


Supernovae, still maturing. See my previous comments, up less than 2% on low volume off a gap up. Possible fade.


New Supernovae scan return. A 1 day move up which closed below the highs and above the open. Volume large Monday. Eventually this can be shorted since it is up so absurdly. I suspect like many such plays it can go further than anyone expects, though. Conditional entry. On a higher open, it might yield a rapid green to red on Tuesday and spike down for a short scalp. This might even be a gap and crap. A fade on confirmed weakness cues anytime or heavy dumping on volume from or near the bell. Ideal is a flat or barely green or red open, followed by a big move down on volume to short into. Avoid big gaps, especially downward ones. Do not short into initial strength or greening. Box and drop to wait for the distribution print, if desired and avoid top fish timing fades. Keep flat on positive price action, no scalps.


Another new Supernovae. See my comments for YTEN above for general approaches. 3 up days.


Another new Supernovae. See my comments for YTEN above for general tips. Ended unchanged. 


A return up makes this on my Supernovae scan. Another short on weakness possible.

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