Spike's Scientific Stock Analysis

[spikefader]

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

DJO: channel short on the daily today, and it is threatening to fall to 24.00 to 25.75 support area. The weekly is bullish, but I'm thinking it will need to find support somewhere. Considering the 7% profit you had perhaps it is wise to set break even stop at the very worst, or take profit and wait for a better time to reenter.

DIOD you got a fabulous entry there. Give the expanding channel long a chance now. You already have what 10% from it. Nice. But remember it is an expanding channel and thus a warning. Minor expanding channel on the weekly too. Perhaps target short....at least until a channel turn up to justify holding it.

Nice trades

[spikefader]

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.

Ya, sure will!

[spikefader]

New-born: nice reads there. I'd post my charts, but I'm beat.

[yaoyao]

New-Born and Spike, thank you both for excellent analysis. I will take my profit on DJO, and hold DIOD for a couple of days to see what happens.

New-Born, have you bought in your Cans for your new IB account?

[spikefader]

Intraday changed to neutral - some technicals that point lower right now. Bull has work to do right now in my opinion. If it cracks here, could get ugly....

[spikefader]

Intraday changed to neutral - some technicals that point lower right now. Bull has work to do right now in my opinion. If it cracks here, could get ugly....

OK, been a nice discount in the market now. Vector remains bullish on the daily, and market would have to sell from here to threaten a reversal of Vector on the daily. Therefore, there are some bargains out there at current levels. Good place to enter Qs with a tight stop and lovely r/r in my view. Stop under lod of course.

[B.J]

If I'm not mistaken, Spike, I believe the Q's and SPY both either hit, or close to, channel long. Is that what you see?

[spikefader]

If I'm not mistaken, Spike, I believe the Q's and SPY both either hit, or close to, channel long. Is that what you see?

No, sorry to say. Niether SPY or Qs are showing a channel long. I was actually looking at both Vector and emini futures when I came to that bargain conclusion. YM had discounted well and set up for a swing long for me, and Qs were getting support down at S2, but what is troublesome is the fact that despite futures responding bullishly, Qs and NQ emini hasn't. This is probably because they broke a significant price channel today, and appears overextended and due for some retrace. If Qs or NQ hasn't responded bullishly by close this is bearish to me. The futures correction up may just be that - a correction.

[B.J]

I traced beginning 5/25. Inappropriate reference point?

[mystiky]

UTSI starting to move

http://stockcharts.com/def/servlet/SC.web?c=UTSI,uu[h,a]daclyyay[pb10!b30][vc60][iUb14!La12,26,9]&pref=G

Looks like a close above 8.14 on this volume smells bullish.

90 mil float
15 mil shorts

also, it's listed on the Reg FD List (those naked short selling stocks)

Any thoughts?

[spikefader]

I traced beginning 5/25. Inappropriate reference point?

You are correct my friend. When I did the channel from that point it didn't give me the channel long, but now I just redid it and it shows it clear as a bell. Minor channel, but it still counts as a channel long. Vector is clearly bullish at close. So bulls have a chance next week. Below today's low and 'she's a not so good' as my Italian friend says

[spikefader]

http://stockcharts.com/def/servlet/SC.web?c=UTSI,uu[h,a]daclyyay[pb10!b30][vc60][iUb14!La12,26,9]&pref=G

Looks like a close above 8.14 on this volume smells bullish.

90 mil float
15 mil shorts

also, it's listed on the Reg FD List (those naked short selling stocks)

Any thoughts?

Yep, today's action gives us an upper channel bust drawn from the low, which is extremely bullish action. In the gap now, so expect it to try to fill. The one thing it faces as a test is the gap down projection (i.e. 2 x the gap distance). If you take it, protect the position well.

[New-born baby]

DJO--take two

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

Did you take your profit and go? Here's the chart:

My view is that DJO may work on a descending triangle. Or she may just fall further with the market (I expect a red Monday). Of course, I could be all wet, too.

I hope you keep your profits.

[New-born baby]

DIOD by Non-Expert--take two

DIOD is a semi-conductor stock, and they always have a very choppy chart.

Here's this one: if you had just traded the MACD (with stops) you'd be doing very well.


Bias is downward now. She'll bounce up in a few weeks or less.

[yaoyao]

Did you take your profit and go? Here's the chart:

My view is that DJO may work on a descending triangle. Or she may just fall further with the market (I expect a red Monday). Of course, I could be all wet, too.

I hope you keep your profits.

I sold it a few min after the open at $26.97. Surprisingly, it held pretty well on Friday. I wish I sold DIOD at the open too. I should've be very happy to have a 10% gain in a day, but I still have it. I become more of a buy and hold type of investor now.