ONTX
B/O scan. I like it long back over 1.22 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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 tepid sign for new buys. Exiting below 1 on fails after trigger entry is possibly advisable. Early r/g buy?
WBAI
I like this long over 17.59. No shorts. Really overextended by now.
FBR
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 19.60) and holds. Avoid shorts, keep flat on true weakness. Nice move above 19. Needs to keep above the Tuesday close, or at least above 19.25 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 19.50 are ideal for aggressive entry.
CZZ
Bullish Engulfing. I like this long over the high of Tuesday. Large volume on the rise, which is a poor 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 11 on pull backs to remain viable as a long. No big gaps or shorts.
BSCO
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 20.38/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 20.35 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which may mean overt buy interest is now arriving suggesting reversal upwards is soon on tap.
PFNX
Parabolic Sar scan. I like it long over 3.46 and holds. Low volume on the rise Tuesday, a poor sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.
CTG
In play both ways. As a long on continuation of momentum above 6.45/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6/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 6.45. The fade is more likely given the price action on Tuesday, but keep an open mind.
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
B/O scan. I like it long back over 1.22 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday 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 tepid sign for new buys. Exiting below 1 on fails after trigger entry is possibly advisable. Early r/g buy?
WBAI
I like this long over 17.59. No shorts. Really overextended by now.
FBR
New 52's. Short term, these yearly high stocks often go higher. Consistently strong price action, like trading above the opening price level after the first 5 minutes, is a long. Or, if it gaps down a bit to debut or opens flat and falls briefly, a red to green and hold with strong volume. Also long on spiking up at or near the gun as a scalp. This might be an EOD exit, depending on how it holds up. Also long on a break above to new yearly highs (over 19.60) and holds. Avoid shorts, keep flat on true weakness. Nice move above 19. Needs to keep above the Tuesday close, or at least above 19.25 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 19.50 are ideal for aggressive entry.
CZZ
Bullish Engulfing. I like this long over the high of Tuesday. Large volume on the rise, which is a poor 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 Wednesday. More conservatively a stop placed under Tuesday's close, too. The low on that day is too far away to use for risk management via stops. Ideally stays above 11 on pull backs to remain viable as a long. No big gaps or shorts.
BSCO
Hammer scan long. The tail is not too long to use the low as a stop level unless the position is very large. Use the previous session close alternatively instead. Trigger is above the high of last time, here above 20.38/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 20.35 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which may mean overt buy interest is now arriving suggesting reversal upwards is soon on tap.
PFNX
Parabolic Sar scan. I like it long over 3.46 and holds. Low volume on the rise Tuesday, a poor sign for new longs. Place a stop under the close Tuesday or the 1st 30 minute low Wednesday. 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.
CTG
In play both ways. As a long on continuation of momentum above 6.45/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 6/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 6.45. The fade is more likely given the price action on Tuesday, but keep an open mind.
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
No comments:
Post a Comment