CIFS
New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume huge Monday. 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 Tuesday 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.
CREG
Long over 1.47/holds short back under 1,42/holds.
RLGT
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 6.17) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6. Needs to keep above the Monday close, or at least above 6 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 6.14 are ideal for aggressive entry.
CCLP
Bullish Engulfing. I like this long over 2.84/holds. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops.
Ideally stays above 2.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
DMB
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 12.67/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 12.67 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent buy volume, which could mean overt buy interest is arriving, suggesting reversal upwards may be imminent.
LEE
Parabolic Sar scan. I like it long over 2.94 and holds. Decent volume on the rise Monday, a weak sign for new longs. Place a stop under the close day or the 1st 30 minute low Tuesday. 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.
QD
Short squeeze long over 6.50/holds. Short back under 6.38/holds.
New users: Read my trading guide for my play set-ups!
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The blog has a terms of service. Be sure to read it at:
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New Supernovae scan return. A 2 day move up which closed below the highs and above the open. Volume huge Monday. 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 Tuesday 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.
CREG
Long over 1.47/holds short back under 1,42/holds.
RLGT
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 6.17) and holds. Avoid shorts, keep flat on true weakness. Nice move above 6. Needs to keep above the Monday close, or at least above 6 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 6.14 are ideal for aggressive entry.
CCLP
Bullish Engulfing. I like this long over 2.84/holds. 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 Tuesday. More conservatively a stop placed under Monday's close, too. The low on that day is too far away to use for stops.
Ideally stays above 2.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
DMB
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 12.67/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 12.67 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Decent buy volume, which could mean overt buy interest is arriving, suggesting reversal upwards may be imminent.
LEE
Parabolic Sar scan. I like it long over 2.94 and holds. Decent volume on the rise Monday, a weak sign for new longs. Place a stop under the close day or the 1st 30 minute low Tuesday. 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.
QD
Short squeeze long over 6.50/holds. Short back under 6.38/holds.
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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