Tuesday, March 06, 2018

Watchers for the 3-7-18 trading session


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 13.18) and holds. Avoid shorts, keep flat on true weakness. Nice move above 9. Needs to keep above the Tuesday close, or at least above 10 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 11 are ideal for aggressive entry.


Parabolic Sar scan. I like it long over 3.30 and holds. Large 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.


Bullish Engulfing. I like this long over 9.13/holds. Modest volume on the rise, which is a fair 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 almost not too far away to use for stops. Ideally stays above 8.80 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


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 10.85/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.50 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Modest sell volume, which could mean overt buy interest is still approaching, suggesting reversal upwards may not be here yet.


I like this long over 9.62 with strong volume. It needs to hold over 9 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 9 if tested. Avoid all big gaps, as usual. 


In play both ways. As a long on continuation of momentum above 22.67/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 22.50/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 22.67. The fade is more likely given the price action on Tuesday, but keep an open mind.


B/O scan. I like it long back over 2.34 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. Low volume on the rise, a great sign for new buys. Exiting below 2 on fails after trigger entry is possibly advisable. Early r/g buy?

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