Spike's Scientific Stock Analysis

[spikefader]

Been in lurk mode lately. Checkin' in to shout that I turned into a bull at 11.50pm today. Holding long dow futes from 10425 with a break even stop. Vector bullish as of close Friday.

[Thomrich]

Greetings and a "Holla" Spike,

If you can peek at SNAK when you get a chance,its really been acting strong.

Ive heard you say smart people sell at resistance and buy support.It keeps breaking new highs,I want to let this one run if it has the legs.

Im thinking alot of folks are looking at doubling up in a few months and cashing out,yet the volume seems to be increasing with price,which suggests to me that demand still outweighs supply.BTW this is a small float stock.

Any thoughts?

cordially Tom

[mystiky]

Spike, how's the CIB chart?

Hi Spike,

Any comments on the CIB chart? I see some strong support around 20.40's - might this be a good place to go long? And is 22.50 the resistance now?

[spikefader]

Apologies for ignoring the thread. Just needed a break again.

Iggy: for VPHM, I'd be targeting the upper channel at 19.00 and rising, and patiently wait for the chart to whisper an exit should price not make it up there. That gap is a runaway I think. Money flow outstanding. Vol by price consistant and solid. Just patiently hold it and trail a respectable stop so you don't lose more than half your profit perhaps. It all depends how much you've got already, and how much risk you want to allocate it. Remember, profits made is not house money but rather your own! B.J. is no doubt regretting his decision to exit, but hey, that's just emotion He had rules and did well. Just make sure you follow yours too

RL; here are some thoughts for LSI.


Thomrich; greetings friend!
OK, SNAK: Looks great doesn't it! Shame it didn't provide me the right pullback. But it's one to follow for a while now.

Consider the recent action as very bullish, and the pullback a healthy one. It's actually a good discount today, so S2 entry at 6.09 is a good one.

Here's the chart.

[spikefader]

Hi Spike,
Any comments on the CIB chart? I see some strong support around 20.40's - might this be a good place to go long? And is 22.50 the resistance now?

Clearly a double top on the daily, so caution longs.
Chart thoughts:


If one is using the hourly psar/mf chart, it's currently bearish and mf floating around 50. Wait for bullish psar and mf of 70.

[RL]

Spike thanks much

[mystiky]

Thanks Spike - and what about NGS?

Looks like NGS is getting a little topsy around 20.50...

It's already been #2 on IBD list and it will not go to #1 anytime soon.
Where to you see the channel long turning short?


Again, many thanks!

[spikefader]

Attempting another swing long with dow futes at 10416.

[spikefader]

Looks like NGS is getting a little topsy around 20.50...

It's already been #2 on IBD list and it will not go to #1 anytime soon.
Where to you see the channel long turning short?

Again, many thanks!

hiya mystiky. There's a 20-day ascending triangle breakout with a gap up on high volume today. This is looking boomish to me. There's the upper channel tag on the daily today, but it's already expanding, and there was a 'boom' earlier this month. So in the circumstances, you'd be justified in holding it long with a stop either under the gap, or if that's too loose, under the ascending line at say 17.40ish.

[spikefader]

KBH about to start a 5th up?

You'll note one chart overlayed on another below. The top one is the recent KBH monthly prior to the drop, and the one underneath it is today. You see the 4th retracement? Now look for the 5th up.

[Thomrich]

Greetings,

Hey Spike whats your opinion of HLEX,looks like its coiling up tight,in a wedge formation.I once owned this back at 10 a year ago.Once again took a profit instead of letting it run.

cordially Tom

[yaoyao]

Setting trailing stop on IB

Spike/NB,

I have a question about setting trailing stop on IB. I bought DXPE several days ago at 14.50. When it hit 15.50, I believe it will go up again. I want to set a trailing stop to trail the price by 1.50. But when I tried to do it via TWS, it didn't give me trail option directly, instead, I only could attach a trailing stop on a primary sell order. So my primary sell order is sell limit at 15.50. I thought with trailing stop order attached to it, it would work differently. Today, I was so glad that DXPE jumped over 7%, but then found out that I dont own that stock anymore. It might be sold a couple of days ago at 15.50. I could only access webtrader at work. It doesn't have transcation history, I dont even know when they were sold. It seems that I couldn't set trailing stop on webtrader either.

Could you tell me how to correctly set a trailing order?

Thanks

Yaoyao

[billyjoe]

yaoyao,
After placing the original buy order, I place a stop-loss sell order in your case at 1.50 less than purchase price. I put it at "good till cancelled". As the price rises I continually am cancelling the stop loss and raising it. No charge until it actually is triggered. I can't do it any other way without paying more than once.

billyjoe

p.s. I don't have ib or webtrader so this probably won't help

[spikefader]

ELN setup for tomorrow. Long at the intra pivot.

Long 8.86. Stop 8.50. Target 13.00. R/R=11.

[yaoyao]

yaoyao,
After placing the original buy order, I place a stop-loss sell order in your case at 1.50 less than purchase price. I put it at "good till cancelled". As the price rises I continually am cancelling the stop loss and raising it. No charge until it actually is triggered. I can't do it any other way without paying more than once.

billyjoe

p.s. I don't have ib or webtrader so this probably won't help

Thanks, billyjoe. That's what I used to do. I was told that these stops could be seen and easily stolen by market player. Trailing stop will move automatically with the price, and could not be seen on level II screen. I never used it before either.