Trade with Big T: Watchers for the 12-15-17 trading session

WAC

Watch again. Small up day. Still up tons. See previous comments. Recent initial red day Supernovae. Possible fade on weakness.

CCAN

Again watch, a bit of downside and see my previous comments. Potential fade on weakness. Recent Supernovae.

ATTBF

First red day Supernovae. Finished red over 16% 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 Thursday. 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.

OHGI

New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume large Thursday. 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 Friday 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.