COPY
See my previous comments, little has changed. These are useful for entry/exit/play management strategies. Volume on the buy side is weakening, and it closed lower than it opened, both good signs for waiting shorts if they heed my conditional entry rules. The only negative on this one is it did not go up a lot more today.
ORS
Huge volume and range today. Down A/H I am looking for an early red to green move to buy into. Any spiking up at or near the gun is a long scalp. Very curious daily chart in terms of up and down fortunes. I am flat on clear weakness, etc. Something might be afoot here but it looks like a watcher for sure tomorrow.
DCTH
Bullish Engulfing. I like this long over the close of Monday or better yet the high. 6 test and hold would provide more confirmation. Medium volume on the rise, which is not a bad sign for buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under today's close, too.
CMFO
Another Bullish Engulfing play. I like this long over the close of Monday or better yet the high. Small 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 Tuesday. More conservatively, a stop placed under today's close is possible. This needs to keep above 3 to be a viable long.
MDMN
A cheapie that might be beginning to over extend with some resistance on the daily chart about equal to the high of today. Short on a failed test of that level, which is 0.16 and a long on a take and hold of the same with good volume and accelerating prices. Also a fade on confirmed weakness cues or heavy volume selling, or a gap over the level/fall fail back under. A live price action situation. Volume has been strong recently each day.
GNBP
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 and holds. Down a bit A/H which may facilitate a r/g entry. Avoid shorts, keep flat on true weakness. Looks like this is beginning to speed up or inch forward. Possibly a swing for the patient as long as it endures.
ADES
Into the gap on the daily chart from April 8-11 of this year, this one needs to keep above 15 for the longs. Stops possible conservatively below the close today or the initial 30 minute low of tomorrow. Buy over 15.90 and another 16 test which hopefully holds. Then it is into the void.
Off record, contract winner SSOL might yield a long scalp up from or near the bell if more fools arrive. Just a quickie if it spikes up. No shorts or holds of the buy beyond several minutes at most. Any dying momo=sell.
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
See my previous comments, little has changed. These are useful for entry/exit/play management strategies. Volume on the buy side is weakening, and it closed lower than it opened, both good signs for waiting shorts if they heed my conditional entry rules. The only negative on this one is it did not go up a lot more today.
ORS
Huge volume and range today. Down A/H I am looking for an early red to green move to buy into. Any spiking up at or near the gun is a long scalp. Very curious daily chart in terms of up and down fortunes. I am flat on clear weakness, etc. Something might be afoot here but it looks like a watcher for sure tomorrow.
DCTH
Bullish Engulfing. I like this long over the close of Monday or better yet the high. 6 test and hold would provide more confirmation. Medium volume on the rise, which is not a bad sign for buyers. Keep flat on real weakness aside from a typical red to green move, etc. No A/H quote change. Stops just under the low last time or the initial 30 minute one on Tuesday. More conservatively a stop placed under today's close, too.
CMFO
Another Bullish Engulfing play. I like this long over the close of Monday or better yet the high. Small 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 Tuesday. More conservatively, a stop placed under today's close is possible. This needs to keep above 3 to be a viable long.
MDMN
A cheapie that might be beginning to over extend with some resistance on the daily chart about equal to the high of today. Short on a failed test of that level, which is 0.16 and a long on a take and hold of the same with good volume and accelerating prices. Also a fade on confirmed weakness cues or heavy volume selling, or a gap over the level/fall fail back under. A live price action situation. Volume has been strong recently each day.
GNBP
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 and holds. Down a bit A/H which may facilitate a r/g entry. Avoid shorts, keep flat on true weakness. Looks like this is beginning to speed up or inch forward. Possibly a swing for the patient as long as it endures.
ADES
Into the gap on the daily chart from April 8-11 of this year, this one needs to keep above 15 for the longs. Stops possible conservatively below the close today or the initial 30 minute low of tomorrow. Buy over 15.90 and another 16 test which hopefully holds. Then it is into the void.
Off record, contract winner SSOL might yield a long scalp up from or near the bell if more fools arrive. Just a quickie if it spikes up. No shorts or holds of the buy beyond several minutes at most. Any dying momo=sell.
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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