Monday, March 18, 2019

Watchers for the 3-19-19 trading session


B/O scan. I like it long back over 3.34 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Big volume on the rise, a weak sign for new buys. Exiting below 3.06 on fails after trigger entry is possibly advisable. Early r/g buy?


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 16.45) and holds. Avoid shorts, keep flat on true weakness. Nice move above 14.50. Needs to keep above the Monday close, or at least above 15 on pull backs to remain viable as a long, aside from any early noise. Early sustained prices over 16.33 are ideal for aggressive entry.


New Supernovae scan return. A 1 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.


3 White Soldiers. Long over 1.69/holds. Stop under 1.60. No 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 open alternatively instead. Trigger is above the high of last time, here above 10.51/holds. Avoid all big gaps, especially up ones. If it gaps over the trigger or 10.49 let it test/hold/perk 1st before entering. No shorts, keep flat on redness. Big buy volume, which could mean overt buy interest is here, suggesting reversal upwards may be at hand.


Bullish Engulfing. I like this long over 1.99/holds. Moderate volume on the rise, which is a tepid 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 not too far away to use for stops. 
Ideally stays above 1.95 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.


Parabolic Sar scan. I like it long over 0.99 and holds. Low volume on the rise Monday, a fair sign for new longs. Place a stop under the close Monday 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.

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