WAC
Watch again. See previous comments. Still up a lot modest red day. Potential fade.
CCAN
Same here. Another up day. Potential fade.
UMFG
Again see my previous comments. Another up session. Potential fade.
SIEB
A big gap up and move up after the dump session means watch again for a short. See my previous comments. Rose nearly 40% today.
UAHC
Finished almost unchanged. Watch again and see my previous comments. Possible fade.
DSS
Rose today, still up a lot. See previous comments. Possible fade play.
LRSV
First red day Supernovae. Finished red almost 17% 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 huge 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 large, range wider. Barely tenable signals at best but watch it.
DIGAF
Another initial red session Supernovae. See my comments for LRSV above, a similar case. Also a big down day here.
FTFT
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume large Wednesday. 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 Thursday 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.
TYME
Another new Supernovae. See my comments for FTFT above. Several up sessions. Possible fade.
BTCS
Another new Supernovae. See my comments for FTFT above. Several up sessions. Possible short.
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Watch again. See previous comments. Still up a lot modest red day. Potential fade.
CCAN
Same here. Another up day. Potential fade.
UMFG
Again see my previous comments. Another up session. Potential fade.
SIEB
A big gap up and move up after the dump session means watch again for a short. See my previous comments. Rose nearly 40% today.
UAHC
Finished almost unchanged. Watch again and see my previous comments. Possible fade.
DSS
Rose today, still up a lot. See previous comments. Possible fade play.
LRSV
First red day Supernovae. Finished red almost 17% 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 huge 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 large, range wider. Barely tenable signals at best but watch it.
DIGAF
Another initial red session Supernovae. See my comments for LRSV above, a similar case. Also a big down day here.
FTFT
New Supernovae scan return. A 3 day move up which closed below the highs and above the open. Volume large Wednesday. 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 Thursday 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.
TYME
Another new Supernovae. See my comments for FTFT above. Several up sessions. Possible fade.
BTCS
Another new Supernovae. See my comments for FTFT above. Several up sessions. Possible short.
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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