Spike's Scientific Stock Analysis

[mooddude]

two stocks

I posted them somewhere else yesterday. CUP is up today as well as PWAV. The latter maybe be still good to purchase.






Note: for educational purposes only

[spikefader]

Quote of the evening:

"If we pin our self-worth on the results of our work during the good times we may stand to reap the whirlwind in the tough times".

Thomas J. Connelly, CFA, CFP
http://www.fpanet.org/journal/articl...p1298-art5.cfm

[spikefader]

Thnx moodude.

Watching both.

[spikefader]

Remaining bearish today and I note futes are down a little from close. Vector closed bearish yesterday. I think I'll start looking for some c shorts!

Speaking of good shorts, here's SNAK for review and a reminder that sometimes wait and see approach just don't work. Eg. the morning of Dec 27 for SNAK. Gap down high volume and the gap is left in its dust as it meanders to misery.

last chart:

[spikefader]

As suggested by CASH in his thread, AIN is a good short.

I agree whole-heartedly, and it's short pounce time if yer a stalkin' cat like me

[TFred]

Greetings Spike,

Was late to the party,and didnt get to Short ERF till it had already gapped down to 54.Wish me luck on getting my first profitable short trade.Im hoping tomorrows Ex date provides some nice selling.

cordially Tom

[spikefader]

Good luck Tom!! I've got the open at 55.11, so no island unfortunately, unless that open is wrong. But it sold pretty heavy at the open, you may be safe there at 54.00. Need that double bottom to fail and I'll be more comfortable for that 94.00 not getting threatened for a while. 43.58 gap fill for you I hope

Nice call on the bearish bias for it dude!!

[TFred]

Greetings,

Heres my target for it.



Its rallied a bit,but if Im correct,it should selloff hard tomorrow,provided Oil doesnt rally hard.

cordially Tom

[spikefader]

...Its rallied a bit,but if Im correct,it should selloff hard tomorrow,provided Oil doesnt rally hard.
cordially Tom

Ya, might be wise to target short considering the money flow on the daily is at the bullish zero line area...
buy FYI, I'd be making my stop real tight now.. Was a chase entry and over 54.01 I think it warrants looking for a better entry.

[DSteckler]

<< I've got the open at 55.11 >>

Long or short? <VBG>

[spikefader]

<< I've got the open at 55.11 >>

Long or short? <VBG>

LOL Dude....surely you gest. Yes, you MUST be! I think it's pretty crystal clear that I don't have a position in ERF and I'm merely telling Tom where I see the open price with respect to the island reversal I was talkin' about. There isn't ever any question when I do have a bias; cuz i post the r/r and the chart dude....something I encourage you to do too.

[DSteckler]

<< surely you gest. Yes, you MUST be >>

ROTFL! Yep, just funnin' with ya.

[spikefader]

I'm starting to get skeered NB! lol

Caution longs. This pattern targets 10160 on the DOW.

[TFred]

Greetings,

Spike Im considering tightening the stops on the "Creme" portfolio,its takin a beating today,and with the possible correction in the averages,it may be wise to save 10%,your thoughts?

cordially Tom

BTW Im hoping ERF will take out 53 to the downside this afternoon.

[spikefader]

Greetings,

Spike Im considering tightening the stops on the "Creme" portfolio,its takin a beating today,and with the possible correction in the averages,it may be wise to save 10%,your thoughts?

cordially Tom

BTW Im hoping ERF will take out 53 to the downside this afternoon.

Capital preservation 1st is what I'm thinking Tom.

The Creme system is very very young, and hasn't experienced hard bear. Crop #1 was sideways action, #2 was bullish. I'm thinking #3 is probably more vulnerable than those other crops to hard selling.

I am contemplating whether it's wise right now to leave the current -20% stop criteria in place. I shall give this more thought and post whether discretionary intervention is the route I want to go. Thoughts are welcome on this.

As far as strength of the Creme, obviously CERS, ATI, TRAD, and FCX are the ones that have turned bearish PSAR now. BNT and NETL have experienced -4% each. All of those mentioned would be scrubbed from the Creme port if I were running the psar/-4% rules.

The strong ones are RYI, PETS, BMR, JOYG and WAB. I think in the face of the broader market, it may be wise for me to leverage on those as I've done in previous systems.

Or my other option is to close this batch of Creme right now, as I see the average is -3.8% on the port average. It is still within respectable limits as far as a total loss.

Anyone got thoughts on this? Post away.