CASC
Finished unchanged. See my previous comments. Potential fade recent Supernovae.
ENVA
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 21) and holds. Avoid shorts, keep flat on true weakness. Nice move above 20. Needs to keep above the Friday close, or at least above 20 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 20.25 are ideal for aggressive entry.
CALI
In play both ways. As a long on continuation of momentum above 3.60/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.50/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 3.60. The fade is more likely given the price action on Friday, but keep an open mind.
EVH
Bullish Engulfing. I like this long over 14. 30/holds. Low volume on the rise, which is a good 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.05 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
GNC
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 low alternatively instead. Trigger is above the high of last time, here above 4.27/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 4.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is still arriving, suggesting reversal upwards is not yet underway.
EYES
Parabolic Sar scan. I like it long over 2.17 and holds. Sizable volume on the rise Friday, a mixed sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. 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.
SCKT
I like this long over 4.15 with strong volume. It needs to hold over 4 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 4 if tested. Avoid all big gaps, as usual.
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Finished unchanged. See my previous comments. Potential fade recent Supernovae.
ENVA
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 21) and holds. Avoid shorts, keep flat on true weakness. Nice move above 20. Needs to keep above the Friday close, or at least above 20 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 20.25 are ideal for aggressive entry.
CALI
In play both ways. As a long on continuation of momentum above 3.60/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 3.50/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 3.60. The fade is more likely given the price action on Friday, but keep an open mind.
EVH
Bullish Engulfing. I like this long over 14. 30/holds. Low volume on the rise, which is a good 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 Monday. More conservatively a stop placed under Friday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.05 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
GNC
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 low alternatively instead. Trigger is above the high of last time, here above 4.27/holds. Avoid all big gaps, especially down ones. If it gaps over the trigger or 4.25 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Low sell volume, which may mean overt buy interest is still arriving, suggesting reversal upwards is not yet underway.
EYES
Parabolic Sar scan. I like it long over 2.17 and holds. Sizable volume on the rise Friday, a mixed sign for new longs. Place a stop under the close Friday or the 1st 30 minute low Monday. 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.
SCKT
I like this long over 4.15 with strong volume. It needs to hold over 4 on a test to remain/be viable as a long. Possible early red to green long entry if it opens weak. Also a long on spiking up at or near the bell for a long scalp. Keep flat on real weakness or a fall fail at 4 if tested. Avoid all big gaps, as usual.
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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