Spike's Scientific Stock Analysis

[spikefader]

CDE:

Chart has given me an exit signal - daily channel turn down - and with those gaps down there, I'd rather step aside and waid for risk to improve for another entry.

Closed long position today at 4.60 for +$0.94 or 25.7% profit.

[spikefader]

Long QQQ 35.31 - inverted SHS and neckline break on 1min chart. Gap has closed, so let's see this thing turn

[spikefader]

Time for bull snort

[spikefader]

Value entry of the moment:
EBAY long at 92.45 - lagging the bounce and good value at the moment, with stop under lod.

[spikefader]

QQQ update:
Closed long position 35.51 for +.20
Intraday Vector has been bullish all day and I am anticipating Vector will be bearish on a closing basis. I have neutral to bearish bias now for QQQ.

With INTC reporting tonight, I am anticipating that the charts are forewarning bad INTC news and continued bearishness for INTC. INTC's short-term daily channels have turned down also warning of bearishness.

I suggest longs consider hedging or trimming for earnings season.

[spikefader]

Shorted QQQ 35.74 (intraday pivot). Intend to add to position if there's an intraday 5th wave.

[spikefader]

Added to QQQ short AH 35.84. Gonna give this some wiggle room.

[New-born baby]

Spike,

PVX--dropped .52 today on news that oil was priced high enough already. Or was it the news that First Call has it rated as the #26 worst stock on the Dow? Not to worry, MSO (that's "Martha Stewart Living in Jail", for those of you who aren't familiar with the Federal Prison System) has the honor of being the worst on the entire Dow. (In case you were wondering, ELN did not make the bottom 100 DJ stocks).

My question: what would Spike do now? Walk away and put his money in a play with a much better looking chart? Or does it look good long since oil is going to go back up?

[Websman]

Spike made a very good point about trimming long positions before earnings season. I have a few prospect to go long on, but I'm waiting for earnings before I buy. I've watched stocks actually go down on good earnings. The market can be so illogical!

[spikefader]

Spike,

PVX--dropped .52 today on news that oil was priced high enough already. Or was it the news that First Call has it rated as the #26 worst stock on the Dow? Not to worry, MSO (that's "Martha Stewart Living in Jail", for those of you who aren't familiar with the Federal Prison System) has the honor of being the worst on the entire Dow. (In case you were wondering, ELN did not make the bottom 100 DJ stocks).

My question: what would Spike do now? Walk away and put his money in a play with a much better looking chart? Or does it look good long since oil is going to go back up?

This is why I like tight stops Quite a drop today! Was only worth chasing for a day. This is why if you're going to chase, you are nimble.
Now, it's got potential to bounce. Pink channel long day today, and intraday 5 wave down today. Should hit that yellow line intraday....

[spikefader]

Value entry of the moment:
EBAY long at 92.45 - lagging the bounce and good value at the moment, with stop under lod.

94.00 after hours! And GOOG @$140!
As of close of market, despite the bullish bounce from gap support my charts are forecasting a very high likelihood of a Gap and Crap tomorrow.

[yaoyao]

I'm still holding CDE. Didn't have time to look at Market yesterday. Today is a gap down. I have a limit sell order to sell at R1, but I dont think it will hit. What's your suggestion?

[spikefader]

I'm still holding CDE. Didn't have time to look at Market yesterday. Today is a gap down. I have a limit sell order to sell at R1, but I dont think it will hit. What's your suggestion?

If it were me, having missed the opportunity to take profits and avoid the retrace, I'd probably hold it. It's still a bullish chart, just with the elements of risk for the gaps. They always make me jumpy It is near being a channel bounce today, and if the QQQ sells as I anticipate it will over the next few days, then CDE could get a run up. Oh, and don't forget the gap support it's bouncing from. That's good support.
I'd aim for the pivot at 4.55 intraday. If you get it, then take it and run back to shelter to scheme a good entry point again.

[spikefader]

Holding QQQ short and hoping the bulls are gonna hit the ....

....which they seem ready to do currently, since the gap and crapping is starting

[yaoyao]

Thanks. I'll take your advice: sell today at pivot if it gets there, or hold it for a while to see if it would bounce back.