BLUEX - ETRM & ZAIS Momentum Plays

Blue Chip Trader uses his almost 20 years of trading experience to identify compelling setups in both Large- and Small-Cap stocks. That technical experience gives him an advantage when identifying trigger points for momentum stocks.

09-Jan-17 13:43 ET	BLUEX	Blue Chip Trader - ETRM shifts into "beast-mode" today with a +100% gain (17.30 +8.11) • A low-priced/low-float momentum name that I scalped/daytraded last Thursday and Friday on its high volume breakouts. • Today the stock has doubled from Friday's close of $9.19 with price rocketing up as high as 18.84 for now. • If you held a small piece over the weekend from Friday's entry in the low-7's and been following the "Scale & Trail" mantra, then I'm curious to know...Click the "Talk To Us" box on the top right of the page. Thanks. • Click here for Daily Chart.
06-Jan-17 14:04 ET	BLUEX	Blue Chip Trader - ETRM Long/Scalp Follow Up (8.75 +4.80) • With price lifting up over the $9.50 area for a gain of +2 points or +30%, it's really just a matter of "scaling & trailing" from here. • Note my methodology of trading these low-priced "flavor of the day" momentum stocks... I want to identify key inflection points after a morning pullback/rally where Shorts can get squeezed on the resumption higher. I've found it best to identify these set-ups by monitoring "higher" time-frames like the 15-min, 30-min, and 60-minute. From there it's just about placing stop and limit orders to get in and out of the trade. • Ideally the momentum kicks in strong and we get what we have here in ETRM as it lifts out of its morning consolidation/pullback and climbs higher into midday. • Note that I tried a similar trade in ETRM yesterday, but it didn't perform as strongly into midday and eventually slumped under its midday/morning support warranting an exit.
06-Jan-17 11:35 ET	BLUEX	Blue Chip Trader - ETRM Long/Scalp over $7.15 (7.10 +3.13) • Gapped up big and holding up fairly well...probably loading up with Shorts to squeeze. • Inside bars on the 60, 30, and 15 min timeframe look to trigger upside above 7.15 area. • Bought some here, risking about -0.50 on this very volatile name.

ZAIS Scalp +30% in 30 minutes

During the first hour of each morning, BlueChipTrader scrolls through the few low-priced momentum names breaking out on volume from the MOMOX scan. He narrows down his favorites based on liquidity, float, and how the intraday price action is playing out. ZAIS met the ideal qualities that he likes for a scalp, so he jumped in after a pullback around the 3.60 vicinity. Within the next 30-min, he was scaling out of +30% gains as price raced up to challenge the $5-mark.

14-Feb-17 10:18 ET	MOMOX	Momentum Radar - RLOG, SALE, CGA, NVTA, URRE, CHGG, SINO, RELV, AUPH, ZAIS, AGEN, PHMD • Low priced (under $25) stocks showing significant breakouts on increased volume this morning. • Click here for a Daily chart montage of names.
14-Feb-17 11:07 ET	BLUEX	Blue Chip Trader - ZAIS Long/Scalp (3.59 +1.54) • Decent pullback after a strong breakout today for this low-float momentum name. • Buying some here at the mid-3's, risking about 0.30. • Remember to scale out of partial profits accordingly.
14-Feb-17 11:37 ET	BLUEX	Blue Chip Trader - ZAIS Long/Scalp Follow Up +13% (4.15 +2.10) • Scaling out of renewed strength with a +13% gain as price crosses back over $4, hopefully that goes without reminding. • Balance stop tightened up to the mid-3's around this morning's pullback zone at 3.50/3.60 is prudent. • Ideally, upward momentum continues back up to morning highs of 4.44 for big squeeze/breakout to lock in gains. • Click here for my 15-min chart analysis.
14-Feb-17 11:45 ET	BLUEX	Blue Chip Trader - - ZAIS Long/Scalp Follow Up +30% (4.62 +2.57) • Scaled out more into strong breakout over morning high of 4.44 for a +30% gain. • Balance stop on rest above breakeven, near 3.75/4.00 zone for now. • Click here for chart analysis.