COPY
As this finished unchanged relative to the previous session close, it remains in effect with the same analysis as last time, see those comments for entry/exit/play management tips. Selling volume plummeted, not a good sign.
BORK
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. No A/H quote. Avoid shorts, keep flat on true weakness. Nice V-shaped cup correction to make a new annual top price, with modest volume which is a good sign for new longs. Needs to keep above 3.70 to remain viable as a long, aside from any early noise.
LZB
Bullish Engulfing. I like this long over the close of Wednesday or better yet the high. 9.50 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. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under today's close, too. Since the low of today is a bit far away, I'd suggest the conservative stance or the 1st half hour one of tomorrow. It could fail at 9.50 but I am flat on that on a test. It's the critical test for longs, I hope it comes early. Lots of selling until today, indicating reversal.
CHBT
Bullish Engulfing. I like this long over the close of Wednesday or better yet the high. Big volume on the rise, which is not a perfect sign for new 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 Thursday. More conservatively a stop placed under today's close, too. Since the low of today is rather far away, I'd suggest the conservative stance or the 1st half hour one of tomorrow. Lots of selling until today, indicating reversal.
GKK
B/O continuation long on a take and hold with early red to green or a flat open and advancing prices of the critical 2.50 level on volume. Buying pressure today was not spectacular, even if range was fairly impressive, a good sign for Bulls if the new floor/former ceiling I mentioned above holds. A potential fade play on a fall fail back under 2.50 is possible, but I am flat on that. If it gaps a bit over and tests our level and holds, long too. Up almost 4.5% A/H so that might be in the cards. Spiking up at or near the gun for a buy scalp is possible.
CPGI
Another B/O continuation long I like over 1.35 on volume and holds. Keep flat on real weakness aside from early noise. No shorts. No entry unless the trigger price is achieved and held with accelerating prices.
SNSS
This is in play both ways. First, as a fall fail under 2 for the short. Selling volume today was decent, but not of obvious climax proportions, a fair sign for fades if the key psychological level is broken and held. Stop just above 2 or the high of today/initial 30 minute one of Thursday. Some small support is at 2 on the daily chart, and it is true it's been selling off heavily for 4 days while recently advancing. If we test and hold bounce/perk up off of 2 a long is possible. Stop placed not far under 2 or just below the low of today or the 1st 30 minute one of tomorrow. Any play where as critical level is near for entry helps control risk and gives feedback well.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
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The blog has a terms of service. Be sure to read it at:
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As this finished unchanged relative to the previous session close, it remains in effect with the same analysis as last time, see those comments for entry/exit/play management tips. Selling volume plummeted, not a good sign.
BORK
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. No A/H quote. Avoid shorts, keep flat on true weakness. Nice V-shaped cup correction to make a new annual top price, with modest volume which is a good sign for new longs. Needs to keep above 3.70 to remain viable as a long, aside from any early noise.
LZB
Bullish Engulfing. I like this long over the close of Wednesday or better yet the high. 9.50 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. Stops just under the low last time or the initial 30 minute one on Thursday. More conservatively a stop placed under today's close, too. Since the low of today is a bit far away, I'd suggest the conservative stance or the 1st half hour one of tomorrow. It could fail at 9.50 but I am flat on that on a test. It's the critical test for longs, I hope it comes early. Lots of selling until today, indicating reversal.
CHBT
Bullish Engulfing. I like this long over the close of Wednesday or better yet the high. Big volume on the rise, which is not a perfect sign for new 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 Thursday. More conservatively a stop placed under today's close, too. Since the low of today is rather far away, I'd suggest the conservative stance or the 1st half hour one of tomorrow. Lots of selling until today, indicating reversal.
GKK
B/O continuation long on a take and hold with early red to green or a flat open and advancing prices of the critical 2.50 level on volume. Buying pressure today was not spectacular, even if range was fairly impressive, a good sign for Bulls if the new floor/former ceiling I mentioned above holds. A potential fade play on a fall fail back under 2.50 is possible, but I am flat on that. If it gaps a bit over and tests our level and holds, long too. Up almost 4.5% A/H so that might be in the cards. Spiking up at or near the gun for a buy scalp is possible.
CPGI
Another B/O continuation long I like over 1.35 on volume and holds. Keep flat on real weakness aside from early noise. No shorts. No entry unless the trigger price is achieved and held with accelerating prices.
SNSS
This is in play both ways. First, as a fall fail under 2 for the short. Selling volume today was decent, but not of obvious climax proportions, a fair sign for fades if the key psychological level is broken and held. Stop just above 2 or the high of today/initial 30 minute one of Thursday. Some small support is at 2 on the daily chart, and it is true it's been selling off heavily for 4 days while recently advancing. If we test and hold bounce/perk up off of 2 a long is possible. Stop placed not far under 2 or just below the low of today or the 1st 30 minute one of tomorrow. Any play where as critical level is near for entry helps control risk and gives feedback well.
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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