Spike's Scientific Stock Analysis

[spikefader]

Tomrich! ZICA!

The time is finally ripe in my humble opinion.

Channel long and channel turn up today green lights an aggressive long tomorrow at the intraday pivot of 2.37 or today's closing price of 2.41. S1 at 2.28 if you're feeling lucky, but I'd be surprised if it gets anywhere near that for a while.

Some volume is finally coming back into it down at these strong weekly chart support prices, arguably a daily double bottom is in, which should fuel a nice bullish trend for a while. Stops under 2.10 and target the 6.35 gap fill. Very nice r/r there folks.

[spikefader]

Still solidly bullish. Some very bullish charts out there.

COMPX inverted SHS with neckline break. SPX marching on after its weekly channel turn up. INDU expanding channel long on the daily that was impulse bought, and it's working on a weekly channel turn up. And if you recall that $VIX:$INDU chart I posted recently, well, gave a big fat buy signal on Monday when it broke down to new lows. Interesting days ahead.

If you take a look at the Dow Jones Wilshire 4500 ($EMW) it's pretty plain that we all should have looked to that for our market direction. If you haven't got your bull suit on yet, then get it dry cleaned tomorrow and put it on. Buy the dips and make some money. And if you're a bear, then don't say you ain't been warned. There may well be a normal correction to the recent bull run, but I don't think it will be all that severe. Then expect an 8 week bull march to over 11k on the Dow, 1320 on the S&P, a test and bust of QQQQ $40 resistance, and who knows, FRO may even explode over 45.00 and head to 60.00 rather quickly....

GOOG and EBAY whispering higher from current levels (not with channels, but with PSAR trend indicator).

Earnings time is upon us yet again. I suspect there are a few positive surprises in store, and some gap ups coming, the first of which will be tomorrow morning it seems, after AAPL and AMD please The Street. Fun times; fun times

[b_critical]

Spike,

I see uptrend on owenq, I see buy at a little pullback at 3.35 with stop at 3.05. Fill gap to 5.50? What your thought now or wait for better setup.

[spikefader]

Spike,

I see uptrend on owenq, I see buy at a little pullback at 3.35 with stop at 3.05. Fill gap to 5.50? What your thought now or wait for better setup.

I was actually looking at this one last night, searching for the strength of the chart using channels. Unfortunately I didn't see much. I'm fussy and this one just doesn't set up for me yet. The weekly chart has that ominous double top, and channels are giving mixed signals; the trend is up since November, very bullish action in April, but then no follow through and in fact, a channel turn down from the $1.68 low. This is what concerns me. The daily has that recent triple top and channel short the last 2 days. So until it can bust the channel short and provide a channel long day, it's safer to just watch and wait. Even with the market's bullish impulse in this morning's first 15 minutes, OWENQ isn't participating. The reason? Nothing to get excited about yet.

[tokyojoeskid]

sndk

hey Spike or New born ,
can I get your take on SNDK, looks like its forming a double bottom and if they blow out estimates this one could really take off.
thanks
TjK

[spikefader]

hey Spike or New born ,
can I get your take on SNDK, looks like its forming a double bottom and if they blow out estimates this one could really take off.
thanks
TjK

Hey TjK.
It's currently dealing with weekly and daily channel shorts today, so caution long. Hopefully it'll bust it and you can buy the dip to support or be aggressive and buy a channel turn up.

[New-born baby]

Hello Spike!

Spike,
I know you are lurking out there!
I would like the experts opinion of ENG. If you are not too busy.

I picked up some shares of ZICA at $2.51 today. Thank you!

[spikefader]

Spike,
I know you are lurking out there!
I would like the experts opinion of ENG. If you are not too busy.

I picked up some shares of ZICA at $2.51 today. Thank you!

Hey New-born! Great job with ZICA. Hopefully it won't threaten your entry so you can hold onto that puppy for a few bullish weeks.

ENG - you probably saw the weekly upper channel tag that signals profit-taking. Sellers at 6.00 this morning were very smart resistance sellers. Price has fallen below S2 intraday and price might look attractive for a buy, especially after an intraday 5th wave completion and an apparent intraday double bottom at 5.34, and arguably an abc correction, selling at c that looks like it's failed opening the door for bulls. BUT, weekly channel hits and profit-taking can be significant, so I'd stand aside on buying this one until it sets up lower channel long. Now, should price rocket and bust that 6.00, then that may change the perspective, but until that happens, the odds are that sellers will outnumber buyers in coming weeks.

Great charts and calls recently by the way! Keep up the great work.

[New-born baby]

Thank You

Spike,
As always, a big thanks! And as always, much success to you. God bless.

[Thomrich]

Greetings,

Great to see you back Spike,and thanks for the shout on ZICA,I picked some at 2.83,as I saw your post too late.

BPT appears to have touched a lower channel today.My SJT did hit my 44 target,looking to re-enter that one again.

Regarding EENC,it looks like the upper channel touch is working,not clear on where it might settle,any thoughts?

cordially Tom

BTW HANS is a monster,can see no weakness at all,I didnt have the guts to buy at the mid 80s thinking a retrace was in order,what a misread.Ive noticed the the HUGE one is popping on all cylinders,sign of a major bull run?100 consecutive by year end?

[spikefader]

Greetings,

Great to see you back Spike,and thanks for the shout on ZICA,I picked some at 2.83,as I saw your post too late.

BPT appears to have touched a lower channel today.My SJT did hit my 44 target,looking to re-enter that one again.

Regarding EENC,it looks like the upper channel touch is working,not clear on where it might settle,any thoughts?

cordially Tom

BTW HANS is a monster,can see no weakness at all,I didnt have the guts to buy at the mid 80s thinking a retrace was in order,what a misread.Ive noticed the the HUGE one is popping on all cylinders,sign of a major bull run?100 consecutive by year end?

Hiya Tom, good to hear from ya. What a day huh! Nice job with SJT.

BPT, yep, sets up for channel long, intraday inverted SHS, with neckline break already done at 72.00, which is right where price is now. With a stop under lod it's only risking 1.4% which is pretty attractive.

EENC finding support at 25.09 gap support. What a great bull rider this is! I don't think it actually tagged the upper channel, so it's still good for more.

HANS, what a nice strong chart! Don't have time to look now, but I'll get back to you.

I'll be blunt about ZICA cuz I know you can handle it, and it's probably what you are saying to yourself anyway 2.83 ain't the best entry, close to hod and price slipping, but hey, it's early, and price seems to be holding above the intraday abc correction. I fear there isn't much edge in $2.83 if $2.75 fails, but that's from a picky buyer Switching gears to the r/r you've got if you use the $2.10 stop; works out you're risking 25% to make 115%, 4.6 r/r still ok, but not brilliant as New-born's risking 15% to make 143%, 9.5 r/r. But hey, what's a few r/r's! hehe. Perhaps you felt a bit of fear of missing the boat, and don't have time to mess with it right now and just want in! Good luck with it anyway. It's a great bullish daily chart and I am very bullish on it. Hopefully the intraday c gets bought and it races til end of day and you won't sweat.

Best to ya.

[mooddude]

SNDA

	high	low	change	mid point
cup	45.4	27.8	-39%	36.6
handle	42.24	34.57	-18%	38.405

Andy ideas on SNDA technical standing?

SNDA has formed a cup and now forming a handle. Mid point in the handle is higher than in the cup. Today it violated 50-day MA but seemed to find support at 200-day MA which is just a little lower than 50-day MA. If it breaks out then buy point should be $42.34.

[New-born baby]

You're still needed around here

Spike,

You're still needed around here. COME HOME!

[spikefader]

SNDA
Andy ideas on SNDA technical standing?

Hey mooddude. The first thing I notice on the daily is the SHS and neckline break today. There is a valid channel long today (expanding, so cautious long and target short). The intraday pattern to enter is clearly the big ugly double bottom at 34.60 but the pattern isn't all that inspiring, and I'll pass on it. There is the channel turn up on the weekly a month ago that is bullish, but I suspect it will search for that SHS target and a weekly channel long before it marches north. Look for 30.50 over the next month or two, then consider it long.

[spikefader]

Spike,

You're still needed around here. COME HOME!

hehe sure. Thanks for the encouragement It's been nice lurking and I've enjoyed the extra time. I'll take up residence in the basement and stick my head out from time to time through the day