QCP
In play both ways. As a long on continuation of momentum above 16.42/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 16/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 16.26. The fade is more likely given the price action on Friday, but keep an open mind.
XON
B/O scan. I like it long back over 16.33 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. Exiting below 15 on fails after trigger entry is possibly advisable. Early r/g buy?
FATE
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 14.03) and holds. Avoid shorts, keep flat on true weakness. Nice move above 12. Needs to keep above the Friday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 13.27 are ideal for aggressive entry.
GTE
Bullish Engulfing. I like this long over 2. 55/holds. Decent volume on the rise, which is a weak 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 a bit too far away to use for stops. Ideally stays above 2.53 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
FINL
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 open alternatively instead. Trigger is above the high of last time, here above 10.36/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.36 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate buy volume, which could mean overt buy interest is just approaching, suggesting reversal upwards may soon be clear.
KLDX
Parabolic Sar scan. I like it long over 1.58 and holds. Modest volume on the rise Friday, a fair 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.
TTOO
I like this long over 6.50 with strong volume. It needs to hold over 6 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 6 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
In play both ways. As a long on continuation of momentum above 16.42/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 16/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 16.26. The fade is more likely given the price action on Friday, but keep an open mind.
XON
B/O scan. I like it long back over 16.33 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Friday or the 1st 30 minute low of Monday. Avoid all shorts and all big gaps. The low on Friday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Large volume on the rise, a poor sign for new buys. Exiting below 15 on fails after trigger entry is possibly advisable. Early r/g buy?
FATE
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 14.03) and holds. Avoid shorts, keep flat on true weakness. Nice move above 12. Needs to keep above the Friday close, or at least above 13 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 13.27 are ideal for aggressive entry.
GTE
Bullish Engulfing. I like this long over 2. 55/holds. Decent volume on the rise, which is a weak 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 a bit too far away to use for stops. Ideally stays above 2.53 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
FINL
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 open alternatively instead. Trigger is above the high of last time, here above 10.36/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.36 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Moderate buy volume, which could mean overt buy interest is just approaching, suggesting reversal upwards may soon be clear.
KLDX
Parabolic Sar scan. I like it long over 1.58 and holds. Modest volume on the rise Friday, a fair 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.
TTOO
I like this long over 6.50 with strong volume. It needs to hold over 6 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 6 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
No comments:
Post a Comment