Spike's Scientific Stock Analysis

[Websman]

If I am not supposed to post in Spike's thread someone please tell me. I don't want to be rude.

Your input is more than welcome.

Thanks!

[dmk112]

If I am not supposed to post in Spike's thread someone please tell me. I don't want to be rude.

Here is my take on SNHY.

MTM, why are you saying that 31.04 was resistance?

[dmk112]

Spike, take a look at this one, is this a valid turn up and how to enter?

[dmk112]

Double top coming up? If it takes out todays lows tomorrow, is that a confirmation?

[B.J]

Spike, could you explain your short position on EPAX (Portfolio of the Week)? That chart seems neutral to me.

[dmk112]

A coulple of picks:

APPX: bull flag watch for a break of about 58.80



CPY: nice flat base breakout.

[spikefader]

I just wanted to say what a great service Spike and IIC due for traders posting all of this BEUATIFUL information! I too am a technician and it is great to find others like you two contributing to everyone. Most boards are a complete joke and ones like this are rare.
I check both your threads every week and also send my users over here to check them out. If you guys ever want a thread to follow for the the S&P E-mini's I have one here. I pretty much swing stocks and daytrade the futures. (easier money for me)
Thanks again for you great contributions!!!

Hey mtm! Welcome to the thread and site. Thanks for the positive feedback dude. I'll be sure to check your futures thread out.

If I am not supposed to post in Spike's thread someone please tell me. I don't want to be rude.
Here is my take on SNHY.

Your posts and charts are welcome and encouraged in here, so knock yourself out.

[spikefader]

Well, I did manage to short SNHY in the 30.50's area. Although it closed "higher" today on huge volume, that would not had been the case except for some "short-covering" during the last 30 minutes.
But the chart looks weaker right now for the longs (in my opinion). If it does gap up tommorow, I plan to add to my short.
What are are thoughts to my trying to cover at just over 28?
Many thanks!

Bullish bias is long for me now that the bearish channel has been busted. I wouldn't be holding it short right now. I'd be sitting in ambush waiting patiently for a long. But that's just me. Good luck with it.

[spikefader]

Greetings ,
Sorry for the misunderstanding,I thought you and DMK were shorting it from the touch yesterday.
Looking at todays chart,it appears that a short at the early morning double top would have caused a stop out about an hour later,unless a loose stop was employed based on hoping it would not keep climbing.
I likely would have been stopped out.
BTW Spike,EENC keeps on chugging,great call.This months Ex date is the 27th?Im looking to get some on a blue light special,along with PWI maybe as early as tomorrow.Any thoughts on where to look for the drop to hit on EENC?
The chart is choppy looking to me.
cordially Tom

Oh, OK, I understand. Yes, I was waiting for a pattern to show itself and then got busy with futures today and didn't look at it until it was raised in the thread. Yes, the first double top would have stopped out, but the second (imperfect dt) would have you sitting pretty.

Yes, EENC is continuing it's impressive move. Still plenty of room to the upper channel, and it may turn up before a channel short day. That big up day was a significant bullish boom; weekly target upper channel of 28.80ish currently and rising. If you're looking to buy weakness, look at either 21.00ish channel or 18.00ish channel. Big difference there, and there is one big problem if/when the drop happens; there will be a SHS with a neckline break, which is a bearish pattern, and one I wouldn't be buying long into. It's in a tricky spot right now....maybe look to chase the channel turn up?

[spikefader]

Spike, can you give your analysis on KCS latest action? Looks like it may have hit channel short today.

Yep, channel short today; slight expansion. The count on it has me confused now, but there is a potential for another wave up on the weekly, so with the expansion on the daily channel from the top, maybe it's setting up for a bullish break and a run to highs over 19.00. Should the expanding channel short today work, then I'd have to give it more thought on targetting. I don't have time now to do it, but over the weekend maybe. Got a busy couple of days ahead, so I'll be posting less for the remainder of the week, so save all questions til next week unless absolutely necessary.

[spikefader]

Spike, take a look at this one, is this a valid turn up and how to enter?

LUFK: wow, yes, acting very bullish and is valid channel turn up you can chase. Take the closing price or pivot long tomorrow. The stop is the tricky part with these chasers, so either max pain stop to start, then under price support when a pattern forms itself. And if the risk reward ratio isn't good enough, pass on it until it improves.

[spikefader]

Double top coming up? If it takes out todays lows tomorrow, is that a confirmation?

EOC: I see today there is remarkably no channel short with it. Look at a 3 month chart and you'll see. That amazing price action right there, as one would be justified in expecting there would have been one. The candles might look toppy, but I wouldn't be surprised to see it make new highs.

As far as trading a double top, I don't trade them the way you describe. I'd wait for a setup that I prefer and use the double top, should one form, as a supporting factor in decision making such as targetting long once I got my entry. By doing this, I'm letting price work itself out first at the double top potential entry. Intraday is a different story. If I was long the stock at double top potential; different story; I may take profits at the double top, or look for a pattern intraday to support an exit to take profits. It all depends on price action at the resistance and how bullish I felt on it. No channel short day today opens the door to higher prices imho.

[spikefader]

Spike, could you explain your short position on EPAX (Portfolio of the Week)? That chart seems neutral to me.

Sure. Here ya go. The potential is there for some fast down; it's just a matter of whether it will happen this week for me

[IIC]

I just wanted to say what a great service Spike and IIC due for traders posting all of this BEUATIFUL information! I too am a technician and it is great to find others like you two contributing to everyone. Most boards are a complete joke and ones like this are rare.

I check both your threads every week and also send my users over here to check them out.

If you guys ever want a thread to follow for the the S&P E-mini's I have one here.

I pretty much swing stocks and daytrade the futures. (easier money for me)

Thanks again for you great contributions!!!

Thx MTM...I have your site bookmarked and I do read it sometimes but I don't participate...Problem for me is time...I'm in 7 forums and 2 chats...plus I have a f/t job and 4 websites. I'm also working on another site....Best, Doug(IIC)

[spikefader]

CPY: profit taking zone with minor upper channel tag, and 5th wave completion potential. Wait for abc correction and c long entry I think.