Spike's Scientific Stock Analysis

[spikefader]

Thanks spikefader! But I don't understand how you figured out you missed it.

I already made 6+ percent on it in just one day.

Read the thread and you'll know why. (Congrats on your trading by the way). I don't think it's any secret that I'm a picky buyer. I will chase price, but only in the right circumstances. Anything that doesn't fit the mould I consider I've missed. I'd MUCH rather trade my plan and be proven wrong by price action and miss that opportunity than break my rules, the gamble be proven 'right' by price action and rewarded in cash for not trading my plan.

If I make cash breaking my rules I deserve a kick in the head, and so does any trader. If you plan it and stick to it then you're a winner every time........even when you lose.

[Websman]

Greetings,
I too am interested in moving to futures,tired of the games played in the stock market.
I will do some reading and try an contribute.


cordially Tom

I've studied futures from the beginning, but I won't actually try them until I have more time and money to put into them. I definitely want to trade them, especially e-minis. This will be a good project for my retirement years, which is only 13 years off. Of course, if fate swings my way, I may be retired much sooner.

[Runner]

Been tracking NGPS and this is what the chart has told me. I saw the MSH possibly form yesterday, but needed a confirmation signal which came today. N21 is max days for limit wave

[mystiky]

Any JMDT comments?

MTM doesn't wanna touch it... so, I will ask here:

Any opinions on JMDT

Looks like there is a range between 24.60 and 29. Is it time to loadup?

It was down today on above avg volume, but it was up yesterday on more voulme then today.

Any comments? Thanks!

[Runner]

Just my .2 cents



I’ll become bullish on JMDT when it clears prior high of 29.37

[Runner]

Intraday tells a different story!!

JMDT

[Runner]

This chart shows price based off volume where best support may be. Notice the strong support @ the orange line.
Last chart on JMDT

[skiracer]

Now I just clicked on Runner's image an it came up perfect. When I click on New-Born's image it comes up very fuzzy and illegible. Can't make out anything. I thought it could be on my end but I guess not. Anyone else having this same problem with New-Born's images.

[spikefader]

MTM doesn't wanna touch it... so, I will ask here:

Any opinions on JMDT

Looks like there is a range between 24.60 and 29. Is it time to loadup?

It was down today on above avg volume, but it was up yesterday on more voulme then today.

Any comments? Thanks!

Bearish bias if anything. Channel short day on Tuesday that is now in play. Add the neckline break of a SHS that targets 22.40ish, you would be wise to wait for gap support play. The tricky thing is finding a nice r/r for the setup. Pretty big gap there.... I'd be waiting for a channel long day (drawn from the 5.16 low). Might come; might not.

[spikefader]

Futures

@New-born:
There's so much 'stuff' out there, it's just a matter of filtering out the junk. For reading http://www.dacharts.com/systems.php is a pretty good place to start. I usually check out the more savy chartists each day at http://charts.dacharts.com/ such as MaryYvy and NQoos. But I have my own unique systems that I don't discuss anywhere and I'm not really interested in starting a futures topic here - I'd prefer to stay a lurker these days If you're desperate, and can filter out the pathetic idiots and offensive bile, Elite Trader has a few interesting threads here and there.

@Thomrich:
Don't blame ya Trading index futures avoids the games; but it's entirely different game, ya know? Futures requires a lot of time dedicated to watching. I'd certainly recommend it; and if you're like most people once you trade them you'll be hooked. I strongly recommend papertrading them first so that you can get the discipline down. Stops are a must; whether you're scalping or swing trading. It's not uncommon for the inexperienced trading only one contract to fall into the hope trade and end up down over a grand in a day. A day like today (15 points range) is $750 range per contract, which can make a dent in the account if you experience a poorly timed trade and a breach of discipline with a stop, or worse still, adding to a losing trade that continues to move against you. Futes can be unforgiving and often they won't give you a pull back to exit. Hard stops are the only way to protect yourself against such a move. YM is trading better these days in my opinion, so I'd recommend starting there. It's all about support and resistance in my opinion. Find where they are; trade them with good r/r setups, and trade patterns like double tops/bottoms, SHS, wedges, breakouts. The hardest thing is spotting the difference between a range day and a trend day. Lots of people get chopped up in range days while they look for trends that don't come. And then when you're least expecting it, and trading a system for a range day, you'll get hammered by a trend day One needs a system that covers both kinds of days; or can keep you out of chop. The best advice I can give is to watch patiently for those two or three trades a day that just scream out to you, that have wonderful risk reward at areas of support and resistance. Smile when you stop out; and patiently try again until you nail a great entry and a decent swing.

EENC: looks like a wedge to me. Channel long on Tuesday too I still like it long.

[spikefader]

Market update: Well well well. Bulls being rewarded. Vector closed very bullish, and so I remain particularly bullish
That c long entry on the Qs weekly I referenced several weeks back has led to an impulse up. Gotta respect those things
Weekly channel turn up on the $SPX and plenty of room to the upper channel on the Dow. Things getting interesting.

[B.J]

Thanks for the Market update, Spike. I'm actually in the Q's, and looks like I can add some SPY to the mix soon.

I'm going to be setting up a thread discussing my first couple months of swing trading. Hope you, Runner and others stop by and offer advice/takes.

[yaoyao]

DJO and DIOD

Weekly channel turn up for DJO. That's a great place for a limit buy too I think; wait for it to come back for your ambush maybe raise it up with the channel each day. Patience is key for it. If it pulls back but fails to tag your order, and you still want to chase it, wait for a fresh and healthy looking channel turn up to buy the pivot the next day. Holler when you enter, cuz I might forget!

My buy limit ($26.15) on DJO was hit on the downgrade day over a week ago, but the stock doesnt seem to go anywhere. Today's action is not good at all. Do you think I should take my profit and go?

Another of my buy limit of DIOD was surprisingly hit this morning at $29.53. How do you think of this one?

Thanks.

Yaoyao

[New-born baby]

YaoYao & DJO

My buy limit ($26.15) on DJO was hit on the downgrade day over a week ago, but the stock doesnt seem to go anywhere. Today's action is not good at all. Do you think I should take my profit and go?

Yaoyao

Spike is the expert--here is the opinion of a non-expert:

DJO is in a trading range between $27-28 right now. $27 HAS to hold--or she falls hard down to $25. The channel has turned down just slightly. That
long bearish red candle the day you bought in was a signal that not all is well in Mudville. The bulls moved her back up, but the bears ripped the guts right out of a lot of bulls before the day was done. Today, she closed right at the low of the day: Bearish.

My take is that if you hold: keep stops in place! If you like profits, take it and move on. If you are a real believer in DJO, (or if you are just plain greedy), then stay and see what happens next. The fact is that she is going to break higher, or lower, soon. But the chart doesn't say which way just now, except that the chart says that there are a lot of nervous holders and sellers at this time.


One last word: a safe play would be to jump out and then jump back in whenever the chart shows you which way she is going to go. My gut says "down." But then, I had tacos for supper.

[New-born baby]

DIOD by Non-Expert

Here's the DIOD chart:

I can't say anything except I don't love this chart: very, very choppy. Too late to buy in; bull flag and cup with handle targeted $33 and that has already been hit. Now DIOD appears to be ready to trade sideways for awhile. Similar to DJO, in a range. I don't expect her to exceed $33 for awhile.