Spike's Scientific Stock Analysis

[spikefader]

Here's a channel long today, for anyone that has the balls to buy in this market

It's actually an expanding channel on the weekly chart. I don't think I'd take it.

[dmk112]

It's actually an expanding channel on the weekly chart. I don't think I'd take it.

Thanks spike, didn't look at the weekly, I gotta remember to look at that 1st

[dmk112]

Spike, did you manage to get out of SNHY, in a reasonable place?

[spikefader]

Spike, did you manage to get out of SNHY, in a reasonable place?

Yes thank you Despite the bad entry, the lovely recovery in the afternoon set up for a c long entry signal I posted about. It failed, so I got out the next day - posted it here http://www.mrmarketishuge.com/showpo...postcount=3051

[dmk112]

Spike, are you still watching DHB, it may be coming close to its low of 1.70 about 2.5 yrs ago channel long and support of the 200 weekly average, what do you think? Look it hit on the weekly but not yet on the daily.

weelky:


Daily:

[dmk112]

It's actually an expanding channel on the weekly chart. I don't think I'd take it.

Good! must have missed that post. thanks!

[spikefader]

Spike, are you still watching DHB, it may be coming close to its low of 1.70 about 2.5 yrs ago channel long and support of the 200 weekly average, what do you think? Look it hit on the weekly but not yet on the daily.

weelky:


Daily:

No, I took it off my list. Tell me when there is a good intraday pattern that goes with the daily channel long. (Please )

[scifos]

Hi Spikefader, just wanted to get your opinion on KBH. Looks like a channel touch on a long, mid and short term channels (although the short one got blasted through yesterday on its way to the bottom of the longer term ones). Bounced off it's 50 sma line twice but now broke down through it. My question is, do I go long on it even though it's dropped below the 50 sma and is in a low volume by price area? and if so, where's the upside target? I'd probably need to tuck a stop pretty tight right under 110, cuz if it fails then the stock is really in trouble. A plus sign though, CCI says it's extremely oversold.

[New-born baby]

Kbh

Hi Spikefader, just wanted to get your opinion on KBH. Looks like a channel touch on a long, mid and short term channels (although the short one got blasted through yesterday on its way to the bottom of the longer term ones). Bounced off it's 50 sma line twice but now broke down through it. My question is, do I go long on it even though it's dropped below the 50 sma and is in a low volume by price area? and if so, where's the upside target? I'd probably need to tuck a stop pretty tight right under 110, cuz if it fails then the stock is really in trouble. A plus sign though, CCI says it's extremely oversold.

Scifos

here's another way to look at it:



Spike,
Correct this thing, will ya?

[B.J]

I wouldn't touch it either, Scifos, or any other home builder for that matter.

- Like Newborn said, it's one hell of a free-fall to next support.
- Market's headed for bear, and the leaders (eg. home builders) will crash the hardest
- Rising interest rates and home builder stocks don't mix. Surprised they went up this long.

[spikefader]

Hi Spikefader, just wanted to get your opinion on KBH. Looks like a channel touch on a long, mid and short term channels (although the short one got blasted through yesterday on its way to the bottom of the longer term ones). Bounced off it's 50 sma line twice but now broke down through it. My question is, do I go long on it even though it's dropped below the 50 sma and is in a low volume by price area? and if so, where's the upside target? I'd probably need to tuck a stop pretty tight right under 110, cuz if it fails then the stock is really in trouble. A plus sign though, CCI says it's extremely oversold.

Sets up nicely for a long. No intraday pattern yet. I'll be watching this one next week for an entry and will post it. Thanks for the heads up! I'll be using the usual tight stop under whatever entry pattern there is. Remember, there is the channel short, and the channel long; so mixed signal, but the short is a minor channel, whereas the long is a major channel, so it's worth a trade anyway.

[spikefader]

I wouldn't touch it either, Scifos, or any other home builder for that matter.

- Like Newborn said, it's one hell of a free-fall to next support.
- Market's headed for bear, and the leaders (eg. home builders) will crash the hardest
- Rising interest rates and home builder stocks don't mix. Surprised they went up this long.

Yes, all good reasons to use a tight stop and go for the perfect entry. I just looked at the weekly again, it sets up for a 12345abc c long entry (the 5 has a smaller 5 waves in it). Definately worth it. If the c fails, the usual warning applies

[spikefader]

Scifos
here's another way to look at it:
Spike,
Correct this thing, will ya?

Very nice! Looks great to me. But remember the big picture. But while I say that, trend changes occur with small beginnings, such as those in your chart, so if the long setup I highlight fails, it's all because the beginning breakdowns occurred first and led to lack of support. But hey, c entries can be really good entries, as I've highlighted many times in this thread. The c entry is here; just a matter of whether it's bought aggressively or fails and sold fearfully. We can probably all agree that whatever move follows is going to be volatile. Smarter options players than I would probably see that as a good thing and formulate a good option hedging strategy to exploit the move, whichever way it breaks.

[spikefader]

here's the pic of the count

[New-born baby]

Thank You Dr. Spike

Gotta love this forum! And the good Dr. teaching us the magic of charts!

Just a little info I read tonight: (sadly)
Nasdaq down 12.26% YTD
Dow down 6% YTD

We should have been shorting this market!!

GM down another $1.26 today. Next door neighbor says it is worse than he's ever seen in the plant, and he's been there 35 years. It's a hard rain gonna fall. Spike, you shorting GM and F?

And to those looking for longs in this market, I just have to say you are most definitely swimming upstream, esp. on loser stocks (stocks down 50+% in the last 3 months). Its a great time to either short the market, or stand back and let her fall where she will.

Thank you Spike and all on this forum. God bless you all.