RITT
See my previous comments. This is treatable as an initially reddening Supernovae scan return. It closed lower than it opened but still positive due to the gap up situation. The idea is to play for a short on panic dumps or confirmed weakness cues. Avoid longs and all big gaps. Fade only blood in the water, or be flat.
GBTR
Another 1st red day Supernovae that had instead a big gap down that essentially filled, greening over the previous session close by a bit less than 1.5% so my last comments to angle for gravy reddening still apply. See those for entry/exit/play management tips. The idea is to play for a short on panic dumps or confirmed weakness cues. Avoid longs and all big gaps. Fade only blood in the water, or be flat.
CENT
I like this long on a continuation (of momentum) play over 10.36 with strong volume. Big volume on the rise, a poor sign for new buyers. It needs to hold over 10.20 & certainly 10 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 10 if tested. Avoid all big gaps, as usual. No A/H quote.
BRKL
I like this long on a continuation (of momentum) play over 9.04 with strong volume. Big volume on the rise, a poor sign for new buyers. It needs to punch through and hold 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. No A/H quote.
JCOF
Very nice B/O on high volume from ascending triangle like movement the past 2 months. Also New 52's. Short term, these yearly high stocks usually 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 (0.86) and holds. No A/H quote change. Avoid shorts, keep flat on true weakness. Needs to keep above the Friday close or at least over 0.68 on pull backs to remain viable as a long, aside from any early noise.
CBOU
This is another annual high stock, with analysis similar to that for JCOF above. See those comments for entry/exit/ play management tips. Essentially, it needs to hold 12 aside from early noise (red to green scenarios, etc.) to be worthy as a long. It also needs to consistently print above the close of Friday and the high of that to pan out. A lot of volume on the rise last time, not the best sign for new buyers. No shorts, avoid all big gaps and really weak price action.
ANTS
Bullish Engulfing. I like this long over the close of Friday or better yet the high. Low volume on the rise, which is a good sign for buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. 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 rather far away to use for risk management via stops so I would prefer the conservative approach or the one tomorrow. Down trend in chart going back months.
Off table, POTG is in play both ways. Down A/H an early red to green might be longed. Or, it might continue to dump which can be faded. A live price action call. Buy volume is declining, but that doesn't mean it's over. ADLR is another yearly high stock that might have more/possible 2 test next time. An early red to green?
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See my previous comments. This is treatable as an initially reddening Supernovae scan return. It closed lower than it opened but still positive due to the gap up situation. The idea is to play for a short on panic dumps or confirmed weakness cues. Avoid longs and all big gaps. Fade only blood in the water, or be flat.
GBTR
Another 1st red day Supernovae that had instead a big gap down that essentially filled, greening over the previous session close by a bit less than 1.5% so my last comments to angle for gravy reddening still apply. See those for entry/exit/play management tips. The idea is to play for a short on panic dumps or confirmed weakness cues. Avoid longs and all big gaps. Fade only blood in the water, or be flat.
CENT
I like this long on a continuation (of momentum) play over 10.36 with strong volume. Big volume on the rise, a poor sign for new buyers. It needs to hold over 10.20 & certainly 10 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 10 if tested. Avoid all big gaps, as usual. No A/H quote.
BRKL
I like this long on a continuation (of momentum) play over 9.04 with strong volume. Big volume on the rise, a poor sign for new buyers. It needs to punch through and hold 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. No A/H quote.
JCOF
Very nice B/O on high volume from ascending triangle like movement the past 2 months. Also New 52's. Short term, these yearly high stocks usually 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 (0.86) and holds. No A/H quote change. Avoid shorts, keep flat on true weakness. Needs to keep above the Friday close or at least over 0.68 on pull backs to remain viable as a long, aside from any early noise.
CBOU
This is another annual high stock, with analysis similar to that for JCOF above. See those comments for entry/exit/ play management tips. Essentially, it needs to hold 12 aside from early noise (red to green scenarios, etc.) to be worthy as a long. It also needs to consistently print above the close of Friday and the high of that to pan out. A lot of volume on the rise last time, not the best sign for new buyers. No shorts, avoid all big gaps and really weak price action.
ANTS
Bullish Engulfing. I like this long over the close of Friday or better yet the high. Low volume on the rise, which is a good sign for buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote. 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 rather far away to use for risk management via stops so I would prefer the conservative approach or the one tomorrow. Down trend in chart going back months.
Off table, POTG is in play both ways. Down A/H an early red to green might be longed. Or, it might continue to dump which can be faded. A live price action call. Buy volume is declining, but that doesn't mean it's over. ADLR is another yearly high stock that might have more/possible 2 test next time. An early red to green?
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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