After finally watching HTMM DVD 6 and a bit of 7, I am changing my strategy. I am no longer going to be tryin to scalp/momentum trade morning spikes in the hopes of prolonged rallies, unless its the first day of a spike and its spiking on amazing news. This change is partly because the broad market sentiment is more bearish lately, partly because I think I've learned all I can about short term trading with TWS via scalping, and of course partly because Tim rails against scalping.

 

With that in mind, here's what I'm considering putting orders on this afternoon:

 

Likely: 

NSPH - high volume spike on pretty good news, holding pretty strong on intraday support @3 despite huge volume fade, possible buy and hold to tomorrow morning

 

MSRT - way overvalued stock with a failed spike and double top on weak news, likely going to short overnight and sell at open

 

Possibly:

 

NVIV - morning spike up on positive news, considering buying and holding to tomorrow morning, conditional upon volume and if it holds support

 

IMMU - kinda contract winner, huge morning spike but didn't hold it, only considering a buy if it holds over 2.25ish and hold to tomorrow morning

 

Bonus: PSUN releases earnings after the close, will watch that as well, incase the info merits opening a position after hours.

 

 

Not much out there worth considering today it seems, not suprising though.