Spike's Scientific Stock Analysis

[spikefader]

Spike! you beat me to it! I was just going to post that!!! ahahha
Can you say....rally?

lol yep, rally time please I suspect I'll have reason to get out of bed as a bull after tomorrow. I'm expecting a trend day up tomorrow, instead of gap n crap. That's my crystal ball prediction anyway I think I'm gonna have to change my portfolio pick this week too....perhaps a cheapy that's primed to take off........

[spikefader]

. . . . Oil stocks got pummelled on Friday. If (crude) falls to $50, you are going to see the US dollar strengthen dramatically against the Canadian dollar. Time to bring the $$ across the border before the exchange rate falls.

I agree NB. You've got weekly double top on $CDW, so it's good resistance to make the move. And the USD weekly has the channel long in early Sept, that has been bought very nicely, and it looks like a daily bullish channel bust on the daily on Friday after a minor channel long on the daily the day before. I think your read is spot on, and USD rallies. $XAU at triple top resistance, $GOLD a pretty bearish weekly candle there. Gonna be an interesting couple weeks.

[Runner]

I received a long signal on USD on 9/12/05 off the bottom on what I think is a “c” confirmation did not happen until 5 days latter, but it is holding..

[spikefader]

Crude

[spikefader]

Just opened a swing long Dow futes at 10522. 30 point stop.

[noshadyldy]

$xau

Hi Spike,
Please look at the 1 yr weekly for this gold marker. Is that an inverse H&S? Right shoulder not lower and is thinner than left so I'm not sure.
Thanks.
NSL

[tokyojoeskid]

Snak

Wheres the support for Snak?? If they dont hold here is it back down to 5?

[New-born baby]

Snak

Wheres the support for Snak?? If they dont hold here is it back down to 5?

Here's what I see: I want to hear what Spike thinks about it.

Here's a chart with comments. I don't expect SNAK to hold where it currently is at. Remember: that's my opinion. It certainly isn't a buy right now.

[spikefader]

Hi Spike,
Please look at the 1 yr weekly for this gold marker. Is that an inverse H&S? Right shoulder not lower and is thinner than left so I'm not sure.
Thanks.
NSL

It's just plain nuts I tell ya! lol
The pink and red aren't classic shapes, but hey, I think they sneak in.

[spikefader]

Wheres the support for Snak?? If they dont hold here is it back down to 5?

SNAK; what a disappointment. I bit the bullet today and took a 5% hit. The channel long failed, and daily produced a fresh expanding channel long. There is a nice intraday double bottom down at 5.35 to confirm it. I'm back to stalking the silly thing having missed the double bottom entry. 5.35 long was genius today, and absolutely a valid place to take it long with tiny risk. Just wasn't there to do it. Anyone holding long, stops under today's low I suggest. The expanding channel is a clear warning.

[spikefader]

...It certainly isn't a buy right now.

Well today really was a good buy today..........at the double bottom entry. That was the place to take it. Expanding long after a plunge, double bottom entry. Simple stuff. Got bought in the afternoon, so it's worth holding if you had taken it, so it's a valid hold to target short because of the expansion. Now, should today's low fail, then I'm bearish on it.

[spikefader]

Just opened a swing long Dow futes at 10522. 30 point stop.

Stopped out of this one obviously. Vector turned bullish today, although price action doesn't call for it; go figure.......
Not really liking the candles on INDU and SPX either.
Tomorrow's another day; or today is! What am I doing awake at this hour!? Too much caffeine.

Good luck all.

(EFA ishares looks like it's ready to push up again)

[tokyojoeskid]

Jdsu

jdsu to 3???

[tokyojoeskid]

schn

Hey Spike or NB, would Schn be considerded an Ascending Triangle? I need to figure out how to link from stockcharts.com.

thanks
Tjk

[spikefader]

Hey Spike or NB, would Schn be considerded an Ascending Triangle? I need to figure out how to link from stockcharts.com.
thanks
Tjk

I think so.



JDSU; going to at least major weekly channel resistance at around $2.50 I expect.